Trump Heaps Praise on Citi for M&A Ranking It Doesn’t Have (1)

President Donald Trump turned into a M&A enthusiast, with a surprise shout-out for Citigroup Inc. Chief Executive Officer Jane Fraser.

Trump touted a metric cherished by investment bankers, congratulating Citigroup for its position as the top adviser on mergers and acquisitions. It’s unclear, however, what league table the president is relying on to put Citi in the leading position. The bank’s shares briefly spiked after the post.

“Wow! CITI was ranked Number 1 in topping M&A Advisory Market by Value in Q1,” Trump posted Wednesday morning. “Congratulations to Jane F and ALL of her great people. They’ve worked really ...