Why did C move on Jun 10, 2026?

Citigroup's stock moved following the release of a transcript and positive guidance from the Morgan Stanley U.S. Financials Conference. During the event, Citigroup CFO Gonzalo Luchetti delivered a bullish outlook, projecting Q2 markets revenue growth in the high single-digit to low double-digit percentage range (well above the 2% consensus) and mid-teens growth in investment banking fees. This upbeat guidance drove the stock to a fresh 52-week high of $137.12 before it faded slightly later in the session.