Citigroup stock drops late as Citi flags $1.2 billion Q4 hit on Russia exit
Citigroup shares fell 1.9% to $118.13 Monday after the bank disclosed a plan to sell its remaining Russia unit, expecting a $1.2 billion pre-tax loss in the fourth quarter. The sale, approved by Citi’s board, is expected to close in the first half of 2026. The loss will be recorded as a reduction in “Other Revenue.” Investors await Citi’s Jan. 14 earnings and details on the Russia exit.