NEW YORK, Feb 5, 2026, 19:56 EST — Trading after hours.
Shares of Citigroup Inc dipped 1.5% on Thursday, closing at $115.74, and showed little movement in after-hours trading. The stock fluctuated between $112.97 and $117.69 during the day, with roughly 18.7 million shares traded.
The dip arrives as investors hunt for bank-specific news ahead of a volatile session, with Citi set to have senior execs briefing investors next week. In a risk-off environment, any remarks on capital, funding, or consumer banking are drawing sharper market focus. (Citi)
Wall Street closed sharply down Thursday, dragged lower by big tech stocks in the Nasdaq as investors weighed fresh heavy AI spending announcements. “We’re seeing this volatility about whether this investment will translate, ultimately, into results,” said Tom Hainlin, an investment strategist at U.S. Bank Wealth Management. (Reuters)
Citi announced it will redeem all $2.3 billion of its Series X depositary shares, linked to its 3.875% fixed-rate reset noncumulative preferred stock, on Feb. 18. The cash redemption price is set at $1,000 per depositary share. Shareholders recorded by Feb. 6 will receive the already declared quarterly dividend of $9.6875 per depositary share, payable on the redemption date. (Citi)
Preferred stock ranks above common shares in the payout hierarchy and usually pays a fixed dividend. Depositary shares are tradable pieces representing a stake in that preferred stock. A redemption often works like refinancing, altering a bank’s funding structure as rates and spreads fluctuate.
Separately, Citi announced it will match the U.S. government’s initial $1,000 deposit to proposed “Trump Accounts” for families of eligible employees. The program, part of President Donald Trump’s “One Big Beautiful Bill Act,” aims to seed accounts for children born between 2025 and 2028 who have valid Social Security numbers. The rollout is slated for July 4. (Reuters)
Citi’s shares dipped along with the broader banking sector but held up better than some big U.S. rivals. JPMorgan took a bigger hit, while Bank of America and Wells Fargo saw smaller declines, according to MarketWatch data. Citi’s trading volume also topped its recent average, the data showed. (MarketWatch)
Investors now face a key question: do corporate moves like preferred redemptions actually shift the earnings trajectory, or simply reorganize the liability structure? Another angle is reputational and political risk—benefits linked to “Trump Accounts” might invite renewed scrutiny, which often leads to higher costs.
The downside is straightforward: if rate forecasts shift again and credit concerns spike, individual bank news often gets lost in the noise, pushing funding costs in the wrong direction. The Labor Department’s data schedule took a hit from a brief government shutdown, delaying key releases that can shake up yields and bank stocks. (Reuters)
Traders are eyeing the BLS employment report for January, due Feb. 11, with the January CPI report coming shortly after on Feb. 13. Citi’s Series X preferred shares face redemption on Feb. 18. (Bureau of Labor Statistics)
