NEW YORK, Feb 16, 2026, 19:12 EST — Market closed
- Citigroup ended the last session off 0.3%, settling at $110.86 ahead of Tuesday’s U.S. market open.
- Softer inflation numbers have put rate-cut bets front and center again, with the thin holiday session amplifying the chatter.
- U.S. retail sales and Fed minutes are up next on traders’ radar, eyed as the immediate catalysts.
Citigroup dipped 0.3% to finish at $110.86 on Friday, marking the final close ahead of the U.S. market pause for Presidents Day. (Yahoo Finance)
The closure means traders return to their desks Tuesday facing a mix of fresh macro cross-currents, yet lacking any new U.S. price action for guidance. With holiday volumes still low, global stocks held steady, and European banks clawed back some ground after last week’s rout. (Reuters)
For Citi and the rest of the major banks, the immediate concern is if dropping yields start to bite. Futures now reflect expectations for rate cuts before year’s end, with Reuters’ market wrap assigning roughly a two-in-three chance for a move in June. (Reuters)
Citi shares are still working through a steep drop since peaking at $125.16 back on Feb. 9. They’ve given up ground in the days after, now sitting roughly 11% under that mark. (MarketWatch)
The broader market was a drag here. Citi shed over 5% on Feb. 12, caught up in a sweeping selloff that also knocked down shares of JPMorgan Chase, Bank of America, and Wells Fargo. (MarketWatch)
Bank stocks are still moving mostly on inflation prints and Fed policy, as both determine net interest income — that’s the margin between loan yields and deposit costs. On Friday, Reuters pointed to a marginally softer U.S. CPI number, which has traders pricing in at least two rate cuts this year. (Reuters)
Tim Holland, Orion’s chief investment officer, called the CPI report “a bit of good news” as the long weekend approached, saying it brought inflation “closer” to the Fed’s 2% target. (Reuters)
Citi’s latest updates have investors combing through management’s stance on its credit card business. Incoming CFO Gonzalo Luchetti put cards near the top of the bank’s agenda for 2026. Still, he flagged risks: a proposed cap on credit-card rates could, he cautioned, send “massive ripple effects” through the system, squeezing credit access, particularly for lower-income customers with weaker FICO scores. (Reuters)
But there are two real pressure points here. Should hopes for rate cuts slip, or if credit stress grabs the spotlight again, the sector can stumble fast. Citi’s tilt toward consumers just amplifies sensitivity to delinquency numbers and fresh Washington talk about card pricing caps. (Reuters)
Traders are looking at a series of scheduled events next. U.S. retail sales numbers and the Empire State manufacturing survey both land Tuesday. The Federal Reserve’s minutes from its Jan. 27-28 meeting are set to come out later in the week, sticking to the central bank’s usual three-week timeline. (Scotiabank)
