** Citigroup C.N beat Wall St Q2 profit estimates and said it plans to buy back at least $4 billion in stock

** Co's shares briefly touched their highest level since 2008 financial crisis

** Median PT of 22 brokerages covering the stock is $100, with "buy" rating - data compiled by LSEG

BUYBACKS, BELIEF, AND A BIT OF CAUTION

** JP Morgan ("neutral," PT: $87.5) highlights revenue guidance and accelerating buybacks as key positives for the stock

** BofA ("buy," PT: $107) is bullish on Citi, citing strong capital returns, improving profitability, and credible management under CEO Jane Fraser

** RBC ("outperform," PT: $92) "We expect C will deliver continued high levels of returning capital to shareholders over the next 12-18 months"

** Morningstar (fair value: $75) views Citi's Q2 results and 2026 guidance as signs of a potential turnaround, especially in services and wealth, but remain cautious, citing macro risks and skepticism about a full recovery

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))