New York, Feb 9, 2026, 13:05 EST — Regular session
- Citigroup shares jumped roughly 1.4%, at one point coming close to touching a 52-week high.
- Big banks saw uneven moves, with investors juggling rate-cut wagers against fresh U.S. data.
- Investors get a quick update this week as Citi steps into several conference appearances.
Citigroup Inc rose Monday, with shares jumping 1.4% to $124.43 and nearly hitting a fresh 52-week high after reaching $124.74 earlier. That put the stock just a couple of cents shy of its $124.76 peak, handily beating a mixed pack of U.S. bank names. 1
Financial stocks remain in focus following last week’s tech-driven slide, as traders look to see if new U.S. data will push them to reassess rate outlooks. Banks often move with rate bets: higher yields may boost lending profits, but also bump up deposit costs.
Big Tech’s proposed $650 billion push into AI continues to grab attention. “It’s an eye-popping number,” said Anna Rathbun, founder and chief executive at Grenadilla Advisory. Now, traders are bracing for delayed U.S. payrolls and inflation data due this week. Futures still suggest the first rate cut lands somewhere mid-year. 2
JPMorgan Chase eked out small gains. Bank of America and Wells Fargo slipped. The Financial Select Sector SPDR ETF ticked down, with Citi standing out as one of the sturdier names among the bigger lenders.
Investors at Citi keep a close eye on how the bank is handling its regulatory consent orders—those are enforcement mandates for fixing trouble spots regulators identify. Executives inside Citi have gotten a bit more upbeat lately, believing they can finish major tasks before the year is out. “Our transformation is Citi’s number one priority,” a spokeswoman said. Wells Fargo’s Mike Mayo, the analyst, described the last leg of data remediation as a simple “box-ticking exercise.” Over at Goldman Sachs, analyst Richard Ramsden put it bluntly: Citi’s progress “sounds very positive.” 3
Citi’s last quarterly update came in January, with profits topping Wall Street forecasts as dealmaking gained momentum and its services arm stayed resilient. “The turnaround story for Citi continues,” said David Wagner, head of equity and portfolio manager at Aptus Capital Advisors. 4
Citi, pressing ahead with capital moves, announced Feb. 5 plans to redeem roughly $2.3 billion of Series X preferred stock, targeting Feb. 18 for the transaction. The bank cited a drive for greater funding and capital structure efficiency. Preferred shares like these take priority over common stock when it comes to payouts. 5
Still, it’s hardly smooth sailing. A hot jobs report or inflation surprise might shove rate-cut expectations even further down the road. And regulators? They’re not done yet—Citi’s consent orders remain in their hands for now.
Citi kicks off its next investor round on Tuesday. Services chief Shahmir Khaliq is slated to appear at the UBS Financial Services Conference, with the webcast expected to begin around 4:20 p.m. Eastern. 6
Gonzalo Luchetti, who runs Citi’s U.S. personal banking and is set to become CFO in March, is on tap to speak at Bank of America Securities’ Financial Services Conference this Wednesday. The session is slated for a 9:40 a.m. Eastern kickoff. 7
Away from company headlines, two major data releases loom: the Employment Situation report drops Wednesday at 8:30 a.m. Eastern, with January CPI on deck for Friday, same time. Whiplash in rate expectations could ripple fast through Citigroup’s shares as soon as the news lands. 8
