NEW YORK, December 29, 2025, 10:56 ET — Regular session
- Citigroup shares fell about 1.4% to $118.75 in morning trading.
- Big U.S. banks and financial ETFs slipped as tech stocks cooled off in holiday-thinned trade.
- Traders are watching Fed minutes this week and Citi’s Jan. 14 earnings call for the next catalysts.
Citigroup Inc shares fell about 1.4% to $118.75 on Monday morning, underperforming a softer U.S. financial sector.
The move comes in the final full trading week of 2025, when light holiday volumes and portfolio rebalancing can magnify day-to-day swings. 1
Investors are also recalibrating bets on the Federal Reserve’s 2026 path after this month’s rate cut, with money markets pricing further easing into next year. 2
That matters for banks because their net interest margin — the spread between what they earn on loans and pay on deposits — can shrink when market interest rates and yields move lower.
The Financial Select Sector SPDR ETF was down about 0.5%, and the SPDR S&P Bank ETF fell about 0.7%.
Peers traded lower as well. JPMorgan Chase was down about 0.8%, Bank of America fell about 1.0% and Wells Fargo slipped about 0.6%.
Broader U.S. indexes opened lower as heavyweight technology stocks gave up some of last week’s gains, Reuters reported, tempering hopes for a “Santa Claus rally” — the seasonal tendency for stocks to rise in the last five trading days of the year and the first two of January. 1
In rates, benchmark Treasury yields were hovering just over 4.1%, down about two basis points, as markets leaned into expectations for more Fed cuts. 2
“We’re not seeing runaway inflation risk as a base case so we’re still thinking the Fed has room to cut,” said Becky Qin, a multi-asset portfolio manager at Fidelity International. 2
Citi traded as high as $120.73 earlier in the session before sliding toward an intraday low of $118.50, according to market data.
The next major company catalyst is Citi’s fourth-quarter 2025 earnings call on Jan. 14, according to the bank’s investor relations calendar. 3
Investors will be watching that report for updates on credit trends and expense discipline, along with how quickly expected Fed easing feeds through to banking revenue in 2026.
In the nearer term, traders are watching Tuesday’s release of minutes from the Fed’s prior meeting and a weekly reading of jobless claims for clues on whether the market’s rate-cut expectations hold. 1
U.S. markets are closed Thursday for New Year’s Day, and trading volumes are expected to remain light through the holiday-affected week. 1
