Citigroup stock slides after $1.2 billion Russia-exit hit; investors eye Jan. 14 earnings
Citigroup shares fell 0.8% to $117.21 in after-hours trading after the bank disclosed a $1.2 billion pre-tax loss from selling its Russia business. The loss, mainly due to currency translation, will be recognized in the fourth quarter but is expected to be capital neutral for key regulatory ratios. The sale is set to close in the first half of 2026. Investors await Citi’s fourth-quarter earnings call on January 14.