NEW YORK, Feb 7, 2026, 16:45 EST — Markets have wrapped for the day.
- Citigroup finished Friday’s session up roughly 6%, ending at $122.69.
- Citi executives are feeling more confident about wrapping up work related to key consent orders later this year, according to a Reuters report.
- Next week, investors will be eyeing U.S. data releases and Citi’s lineup of conference appearances, looking for signals on interest rates and updates on the bank’s “transformation” efforts.
Citigroup Inc surged roughly 6% to close at $122.69 on Friday, capping off the week with a strong rebound just before U.S. markets shut for the weekend.
The development came after Reuters reported that Citi execs are feeling increasingly upbeat about wrapping up compliance tasks linked to old consent orders before year-end, citing two sources familiar with the matter. Those consent orders, formal actions requiring fixes under regulatory watch, trace back to Citi’s $900 million blunder with Revlon creditors and broader risk and data lapses, per Reuters. CEO Jane Fraser told analysts last month that Citi has knocked out roughly 80% of the work. Back in January, CFO Mark Mason indicated compliance costs should come down this year. Wells Fargo’s Mike Mayo dismissed the last stretch of data work as “more of a box-ticking exercise,” while Goldman Sachs’ Richard Ramsden called Citi’s momentum “very positive,” but flagged uncertainty on when the finish line will actually be crossed. 1
Here’s why it matters right now: if those orders disappear, Citi gets some breathing room. No more channeling every move through the remediation lens. Instead, profit growth takes center stage — and the scrutiny ramps up.
Friday saw financial stocks surge as Wall Street swung back into risk-on mode. The Dow finished above 50,000 for the first time ever, and the S&P 500 tacked on almost 2%. Investors piled into areas that had been hit hard in the recent tech-driven slide. “The market had looked ‘overdone to the downside,’” said Dakota Wealth’s Robert Pavlik. 2
Citi plans to fully redeem $2.3 billion in Series X depositary shares, which are linked to its 3.875% fixed-rate reset noncumulative preferred stock, setting Feb. 18 as the redemption date. The bank described the step as part of an ongoing push to make its funding and capital structure more efficient. Investors of record as of Feb. 6 will pocket the previously announced dividend. 3
Citi announced plans to match the U.S. government’s $1,000 starter deposit for “Trump Accounts” if employees’ families qualify, while the Citi Foundation is putting up $5 million to boost awareness and drive sign-ups. Bank of America, Wells Fargo, and JPMorgan Chase have rolled out their own matching offers, Reuters reported. 4
Macro factors come into play for bank stocks next week. Reuters’ “Take Five” preview flagged that U.S. non-farm payrolls, postponed by the just-ended three-day government shutdown, are now set for release Wednesday. January CPI lands two days after that. These data points have the potential to move Treasury yields—and influence bets on Fed rate cuts. 5
Citi’s on the docket again next week. According to the bank’s investor calendar, Services chief Shahmir Khaliq is set to speak at the UBS Financial Services Conference Feb. 10. A day later, incoming CFO Gonzalo Luchetti is up at Bank of America Securities’ financials gathering on Feb. 11. The next Citi earnings call lands April 14. 6
Still, Citi doesn’t get to call the “consent orders are done” shot. Regulators have the final say, even if the bank checks all its own boxes. Their sign-off can take time, and if delays crop up, the market can pull back its optimism just as quickly.
Traders are eyeing whether Friday’s rally sticks when markets reopen Monday, and if Citi sheds light on remediation costs or regulatory timing during its Feb. 10–11 conference slots. Looming just after that: Wednesday’s postponed jobs report, followed by inflation numbers on Friday—both poised to move the tape.
