Financial services stocks: Citigroup flags $1.2B Russia-exit loss ahead of Jan. 14 earnings
Citigroup said it will record a pre-tax loss of about $1.2 billion in fourth-quarter 2025 results from the planned sale of AO Citibank in Russia to Renaissance Capital. The loss is tied mainly to currency translation adjustments and will be capital neutral for Citi’s CET1 ratio. Citi shares last traded at $116.69, down 0.4%. The sale is expected to close in the first half of 2026.