NEW YORK, December 29, 2025, 18:30 ET — After-hours
- Citigroup shares closed down 1.9% at $118.13, with the stock little changed after the bell. 1
- Citi disclosed a plan to sell its remaining Russia unit, expecting a roughly $1.2 billion pre-tax loss in the fourth quarter. 2
- Traders are watching this week’s Fed minutes and jobless claims ahead of Citi’s Jan. 14 earnings. 3
Citigroup shares fell Monday, ending down 1.9% at $118.13, after the bank disclosed it expects a roughly $1.2 billion pre-tax loss tied to its exit from Russia. 1
The update matters now because it lands in the current quarter’s results, weeks before Citi reports, and it puts a price tag on a long-running clean-up effort that investors have watched closely. 2
In an SEC filing, Citi said its board approved a plan to sell AO Citibank, which conducts its remaining operations in Russia. 2
Citi said it will report the Russia business as “held for sale” in the fourth quarter — an accounting label used when a company plans to dispose of an asset — and anticipates signing and closing the deal in the first half of 2026. 2
The bank said the “held for sale” treatment would produce an estimated $1.2 billion pre-tax loss in the fourth quarter, or about $1.1 billion after tax, recorded as a reduction of “Other Revenue” through a valuation allowance. 2
Citi also said the cumulative impact of currency translation losses recorded in the quarter, and amounts released upon closing, would be capital-neutral to its common equity tier 1 ratio (CET1, a key bank capital measure). 2
The filing came after Russia last month cleared Renaissance Capital to buy what remains of Citibank’s Russian operations, Reuters reported. 4
Citi’s decline tracked a broader retreat in bank stocks and a softer Wall Street session, with the S&P 500 down 0.35% and the Nasdaq off 0.5%, Reuters said. 3
Peers also finished lower, including Bank of America, Wells Fargo and Citigroup, as investors trimmed exposure late in the year. 5
Citi has been one of the stronger large-cap bank performers in 2025 on optimism around regulatory remediation, and the stock is up nearly 68% year-to-date, Reuters reported. 3
Outside banks, risk appetite was shaped by profit-taking in big technology names. “It’ll turn out to be a buying opportunity,” Hank Smith, head of investment strategy at Haverford Trust, said of the broader tech pullback. 3
Next up, investors will look for any additional detail on timing, regulatory approvals and foreign-exchange sensitivity around the Russia sale, which Citi said could still change the ultimate loss amount. 2
Citi is scheduled to publish fourth-quarter results at about 8 a.m. ET on Jan. 14, with a webcast at about 11 a.m. ET, according to a company press release. 6
Macro catalysts also loom: minutes from the Federal Reserve’s previous meeting and weekly jobless claims are on this week’s calendar, Reuters said — key inputs for rate expectations that can swing bank shares. 3
