NEW YORK, Feb 10, 2026, 13:13 (EST) — Regular session
- Citigroup slipped roughly 2.3% by early afternoon, hovering close to the session’s bottom.
- Treasury yields slipped after downbeat U.S. retail sales data, dragging bank stocks with them.
- Citi’s remarks at its Feb. 11 conference, along with upcoming key U.S. data, are shaping up as the next hurdles for both rate and profit outlooks.
Citigroup slipped roughly 2.3% to $120.90 by early afternoon Tuesday, pushing the stock close to its session low as the decline deepened.
Shares of major banks slipped alongside falling bond yields, as fresh U.S. economic data rekindled an old headache for lenders: tighter net interest margins—the gap between what banks collect from loans and pay out on deposits—get squeezed when yields drop.
Shares of JPMorgan slipped roughly 0.3%. Bank of America gave up close to 1.8%, while Wells Fargo lost 3.1%. Bank ETFs took a hit as well, with the SPDR S&P Bank ETF falling 0.5% and the Financial Select Sector SPDR Fund down 0.6%.
December brought a surprise: U.S. retail sales didn’t budge, and the “core” figure watched closely for GDP actually dipped 0.1%. That’s a possible warning flag for consumer demand. “Signs of earlier consumer strength may be starting to falter,” said Thomas Ryan, North America economist at Capital Economics. Reuters
Treasury yields slipped following the report, as investors turned their focus to a backlog of key U.S. data due later this week—payrolls and inflation figures among them—which could shake up rate-cut bets.
Federal Reserve Bank of Cleveland President Beth Hammack threw more uncertainty into the rate outlook, saying in prepared Ohio remarks that “we could be on hold for quite some time.” Reuters
On Tuesday, Citi tapped Ankur Khurana to lead its Citi Commercial Bank business in India, part of a broader effort to bolster its commercial banking operations across Asia.
Citi’s incoming CFO Gonzalo Luchetti, who currently oversees U.S. personal banking, is slated to speak Wednesday at Bank of America Securities’ Financial Services Conference. Investors looking for fresh hints on Citi’s immediate priorities will be watching.
Still, what happens next for the stock looks tied more to the broader market than to anything inside the company. If yields bounce on upbeat data, bank shares could catch support in a hurry. But fresh worries over growth? That would put the spotlight right back on credit quality and what banks are setting aside for loan losses.
Looking past Wednesday’s figures, the next key date on traders’ calendars is Feb. 20. That’s when the Bureau of Economic Analysis will put out its advance read on fourth-quarter GDP.
