New York, February 6, 2026, 19:46 ET — After-hours
Citigroup (C.N) closed out Friday at $122.69, up $6.91, or roughly 6%. Shares moved between $116.09 and $122.94 during the session, with volume hitting about 15.2 million. After-hours, the stock was unchanged.
The cash session has ended, and eyes are turning to the week’s upcoming data. But looming in the background is Citi’s persistent headache: its regulatory consent orders. These enforcement measures require the bank to address control issues—progress here is crucial, since as long as they’re unresolved, Citi’s growth remains on a tight leash.
According to two people familiar with the situation, Citi executives are feeling increasingly optimistic about wrapping up the compliance work linked to its consent orders before the year is out. If regulators lift those orders, management could finally shift attention away from years of transformation efforts—potentially clearing a path for acquisitions. But the final word still belongs to the Federal Reserve and the Office of the Comptroller of the Currency. Wells Fargo’s Mike Mayo described the outstanding data tasks as “a box-ticking exercise.” Goldman Sachs’ Richard Ramsden sounded upbeat on Citi’s progress, though he also flagged uncertainty around the timeline. Citi reiterated that transformation remains its main focus, with the timing ultimately in regulators’ hands. 1
Citi surged Friday, joining a sharp Wall Street rally that sent the Dow above 50,000 for the first time ever. The Dow closed up 2.47% at 50,115.67, now showing a 4.3% gain for the year—well ahead of the S&P 500, up 1.3%, and the Nasdaq, which has slipped 0.9%. 2
Outside the markets, Citi drew attention Thursday for rolling out a benefit tied to the “Trump Accounts” initiative. The bank said it would match the government’s first $1,000 deposit for qualified employees’ families. Citi Foundation is also throwing in $5 million to boost awareness and help with sign-ups. Similar matching offers have surfaced at Bank of America, Wells Fargo, and JPMorgan. 3
This week, a fresh filing points to Citi staying active in the capital markets. A pricing supplement dated February 5 details new floating-rate notes set to mature on February 9, 2036. The notes carry interest payments linked to SOFR—still the main short-term U.S. rate benchmark—plus a spread, but the coupon comes with both a cap and a floor.
Still, there’s a catch with the near-term trade: consent orders don’t lift just because the bank’s ready—they end when regulators give the green light. If the review drags on, or if the market shifts back into risk-off mode, the rally could lose steam fast, bringing attention right back to costs and returns.
As the market opens Monday, Feb. 9, traders will be focused on whether financials keep moving and any new developments in Citi’s regulatory situation. The bigger economic checks come fast: January’s nonfarm payrolls, postponed, are set for release Wednesday, Feb. 11. Then January CPI lands Friday, Feb. 13. Reuters flagged this week as one that could jolt rate expectations again. “Rotation is the dominant theme this year,” said Edward Jones strategist Angelo Kourkafas. 4
