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C's January Card Delinquencies Rise: How it Will Impact Asset Quality?
ZACKS· 2026-02-20 17:50
Key Takeaways Citigroup reported a January delinquency rate of 1.46%, up from December but below prior-year levels.Net charge-offs fell to 2.03%, while receivables declined sequentially and year over year.Management sees 2026 NCL for Branded Cards at 3.50%-4%, signaling ongoing credit normalization pressure.Citigroup Inc.’s (C) subsidiary, Citibank N.A., reported mixed credit card performance for January 2026 in its latest SEC filing. For the period ending January 2026, the Citibank Credit Card Master Trust ...
Citi Wealth appoints Chad Reddy to lead western US market
Yahoo Finance· 2026-02-20 11:22
Citi Wealth has named Chad Reddy as the new North America market executive – West for Citi Private Bank. In this position, Reddy will be responsible for overseeing the private bank’s operations in the Western US. Reddy has more than 25 years of experience in the wealth management sector. He joins Citi from Bank of America Private Bank, where he held several senior roles, such as market leader and market trust executive for the Western Division. His previous experience also includes nearly 14 years at ...
Citigroup's plan to survive AI aftershocks: Bet on bonds and small-cap stocks
MarketWatch· 2026-02-20 10:48
Group 1 - Citigroup suggests that smaller companies, cyclicals, and bonds will provide protection for investors amid uncertainties in the AI market [1] - The recommendation emphasizes a shift towards sectors that may be less affected by the volatility associated with AI developments [1] - The analysis indicates that traditional investment strategies focusing on smaller and cyclical companies could yield better stability in the current market environment [1]
Beyond SoFi Stock: This Other Cash-Gushing Bank Stock Is Worth Your Money
The Motley Fool· 2026-02-20 06:00
SoFi's growth story keeps unfolding, but there's another bank stock with further upside potential as well.Investors may have decided to "sell the news" on SoFi Technologies (SOFI 1.30%). However, while shares could stay in a slump in the near term, the digital-first bank's growth story remains intact.SoFi's membership growth continues at a moderate pace. This points to further revenue growth at a moderate pace, and to even more rapid earnings growth. In turn, this could help SoFi sustain its elevated valuat ...
Citi bolsters private bank leadership in North America push
Reuters· 2026-02-19 23:28
Citi bolsters private bank leadership in North America push | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Citi Bank logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]Feb 19 (Reuters) - Citigroup's [(C.N), opens new tab] Private Bank North America has appointed Chad Reddy as its market executive for the West, the bank said on Thursday.A 25 ...
Citigroup Stock Up on AO Citibank Sale, Sees $4B CET1 Gain in Q1
ZACKS· 2026-02-19 18:45
Key Takeaways Citigroup finalized the sale of AO Citibank, ending all Russian operations and affecting 800 employees.The transaction strengthens C's capital, adding $4B to CET1 in Q1 2026.Exit is part of C's broader strategy to streamline global operations and redeploy capital.Shares of Citigroup Inc. (C) gained nearly 2.2% after the company announced the completion of the sale of its Russian banking subsidiary, AO Citibank, to Renaissance Capital (RenCap). The transaction marks the final step in C’s full e ...
AvalonBay Communities Stock Outlook: Is Wall Street Bullish or Bearish?
Yahoo Finance· 2026-02-19 15:36
Arlington, Virginia-based AvalonBay Communities, Inc. (AVB) is a Real Estate Investment Trust (REIT) that owns, develops, redevelops, acquires and manages high-quality multifamily apartment communities. It is valued at a market cap of $25.2 billion. This residential REIT has trailed behind the broader market over the past 52 weeks. Shares of AVB have declined 18.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. Moreover, on a YTD basis, the stock is down 1.8%, while SPX has ...
Citigroup vs Wells Fargo: Which Wins on Dividends, Buybacks, Interest Rate Exposure?
247Wallst· 2026-02-19 13:45
Core Viewpoint - The article compares Wells Fargo and Citigroup in terms of dividends, buybacks, and interest rate exposure, highlighting Wells Fargo's recent performance improvements following the removal of its Federal Reserve asset cap, while Citigroup faces challenges with declining net income and rising expenses. Group 1: Financial Performance - Wells Fargo reported Q4 2025 revenue of $21.29 billion and EPS of $1.76, exceeding earnings expectations but missing on revenue [1] - Citigroup's Q4 2025 revenue was $19.90 billion with an EPS of $1.19, falling short of estimates, and net income decreased by 13.8% to $2.5 billion due to a 6% rise in operating expenses [1] - Wells Fargo's net interest income grew by 4% year-over-year, driven by higher loan balances and fixed-rate asset repricing [1] Group 2: Strategic Outlook - Wells Fargo's asset cap removal allows for unrestricted growth in deposits and loans, with management raising its medium-term return on tangible common equity target to 17-18% from 15% [1] - Citigroup focuses on institutional banking and cross-border services, with a market cap of $208 billion, reflecting a lower valuation compared to Wells Fargo's $278 billion [1] Group 3: Dividends and Buybacks - Wells Fargo increased its quarterly dividend by 13% to $0.45 and repurchased $5.0 billion in stock during Q4 2025 [1] - Citigroup's dividend yield stands at 2.06%, slightly higher than Wells Fargo's 1.95%, but its declining net income raises concerns [1] Group 4: Market Position and Risks - Wells Fargo's domestic focus provides insulation from geopolitical risks, while Citigroup's global presence exposes it to such volatility [1] - Both banks face potential risks from proposed credit card interest rate caps, but Wells Fargo's diversified consumer banking portfolio may better absorb these impacts compared to Citigroup's card-heavy segment [1]
Citi completes Russian exit by selling unit to Renaissance Capital
Yahoo Finance· 2026-02-19 11:22
Citi has completed the sale of its former Russian subsidiary, AO Citibank, to Renaissance Capital, marking the bank’s full withdrawal from Russia. The agreement covers all remaining business activities in the country and affects around 800 employees. Approvals for the transaction included sign-off from President Vladimir Putin in November last year, followed by internal approval within Citi in December. The bank first announced its decision to leave the Russian consumer market in April 2021, later broa ...
Is This Dividend Stock a Buy Now After Falling Over 11% from Its 2026 Highs?
Yahoo Finance· 2026-02-19 00:30
While tech stocks have borne the brunt of the recent market sell-off, other sectors have also felt the pain, which has opened up some buying opportunities. Specifically, Citigroup (C)—which gained 66% last year and outperformed most of its U.S. large-cap banking peers—is down over 11% from its 2026 highs. In my previous article, I had noted that Citi’s valuations left little on the table as the risk-reward was quite balanced. Here we’ll discuss whether the stock has entered a buy zone after the recent corr ...