Citigroup stock slips after hours as job cuts, credit-card cap talk collide ahead of earnings
Citigroup shares fell 1.2% to $116.30 in after-hours trading Tuesday after a source said the bank will cut about 1,000 jobs this week, part of a plan to reduce its workforce by 20,000 by 2026. The move comes as Citi faces a Supreme Court setback, a proposed federal credit card rate cap, and heightened investor scrutiny ahead of its fourth-quarter earnings report Wednesday.