New York, Feb 13, 2026, 15:36 (EST) — Regular session.
Citigroup Inc shares dipped on Friday, as investors weighed a cooler U.S. inflation print alongside fresh company filings on executive pay and capital. Citi was down 0.6% at $110.52 in afternoon trade, after moving between $108.45 and $111.60. JPMorgan Chase and Bank of America were slightly lower, Wells Fargo was up modestly and Morgan Stanley outperformed.
The stock has been sliding since it touched a 52-week high of $125.16 on Feb. 9. Citi fell 5.32% on Thursday to $111.15, underperforming a broad selloff and trading more heavily than its 50-day average volume. (MarketWatch)
Rates did the heavy lifting on Friday. U.S. consumer prices rose less than expected in January, bolstering expectations the Federal Reserve still has room to cut interest rates later this year; the 10-year Treasury yield slipped after the release. “The inflation report is better than expected,” Phil Orlando, chief market strategist at Federated Hermes, said, while Josh Jamner at ClearBridge Investments warned “price pressures” still warrant caution. (Reuters)
Citi disclosed late Thursday that CEO Jane Fraser’s total compensation for 2025 rose to $42 million, up nearly 22% from a year earlier. The package includes a $1.5 million base salary, a $6.075 million cash incentive and the rest in deferred incentives, the bank said, after Citi’s stock jumped 65.8% in 2025 and outperformed peers and an index tracking bank shares. (Reuters)
In an 8-K filing detailing the award, Citi’s compensation committee said Fraser’s incentive determination reflected her work to “meaningfully strengthen” performance, while each of the bank’s five businesses posted positive operating leverage — where revenue grows faster than expenses — and record revenue in 2025. The filing also said more than 80% of Citi’s transformation programs were at or near the bank’s target state, and that returns improved by about 250 to roughly 800 basis points (hundredths of a percentage point) across the core businesses. (SEC)
Another 8-K filed this week showed Citi established a new series of preferred stock — 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ — and related depositary shares. Preferred stock is a class of equity that typically pays a set dividend and ranks ahead of common shares; “noncumulative” means missed dividends generally do not build up. (SEC)
Outside the U.S., Citi’s former Russian unit said it would change its name to RenCap Bank as part of its planned sale to Renaissance Capital. Citi announced in 2022 it was cutting exposure in Russia after the start of the war in Ukraine, and Reuters reported the board approved the sale in December in a deal expected to result in a pre-tax loss of about $1.2 billion. (Reuters)
For equity investors, this is still a rates-and-execution story. Lower yields can help risk assets and dealmaking sentiment, but banks also rely on the spread between what they earn on loans and what they pay on deposits — net interest margin — which often comes under pressure when rates fall.
But there are risks on both sides. Faster-than-expected Fed cuts could squeeze margins and force investors to lean harder on Citi’s fee businesses for the growth story; a delay in cuts could keep funding costs elevated and test credit as borrowers roll debt at higher rates.
The next hard date on Citi’s calendar is its investor day on May 7, when Fraser and senior executives are set to outline strategy and priorities. In the nearer term, traders will keep one eye on Fed signals and the next round of U.S. data that could shift June-cut odds again. (Citi)
