CITIGROUP (C) Company Report

Citigroup has established a dedicated AI Infrastructure Banking team by redeploying senior leaders across investment banking, corporate banking and financing units to coordinate coverage and capture AI-related advisory and lending mandates.
The bank estimates roughly $3 trillion of capital will be needed by 2030 (over the next four years) to expand data centers, compute capacity and related infrastructure for AI adoption.
Financing is expected to come from a mix of traditional bank debt, private credit, infrastructure and real-estate financing, and structured investment-grade debt.
The announcement spurred a 3.9% rise in Citi shares following the news.

2 days ago

Bloomberg

Lineage reports Q4 2025 FFO beat and occupancy rebound

Earnings

Guidance Update

New Projects/Investments

Reported Q4 2025 FFO of $0.83 per share, beating the Zacks consensus by approx. 13.7% (consensus $0.73)
Q4 revenue of $1.34 billion, essentially flat year-over-year and slightly below estimates
Sequential physical occupancy improved roughly 400 bps, with economic occupancy now tracking closely; container volumes declined about 9% y/y amid macro headwinds
Full-year 2025 sales of $5.355 billion; narrowed net loss to $100 million (loss per share $0.43)
2026 guidance to assume 1–2% net pricing gains with 65% of revenue renegotiated; 24 facilities under construction (~$1 billion capex)

3 days ago

Morningstar

UOB reports FY2025 profit down 23%

Earnings

Dividends

FY2025 net profit of S$4.68 billion, down 23% y/y due to pre-emptive general provisions
Q4 net profit of S$1.41 billion, down 7% y/y and slightly below Bloomberg consensus
Total income fell 3% to S$13.81 billion; operating profit down 4%; net interest income stable at ~S$2.3–2.35 billion
Board proposed final dividend of S$0.71 per share (total FY25 ordinary dividend S$1.56) plus a S$0.50 special dividend

4 days ago

Bloomberg

Citigroup nears sale of 24% Banamex stake

M&A

Citigroup nears sale of ~24% of its Mexican retail bank Banamex to a consortium led by Blackstone, splitting the stake into sub-5% parcels for over a dozen buyers ( ).
The move is part of Citi’s strategy to shrink its Latin American consumer-banking footprint, following last year’s sale of 25% Banamex stake to interests tied to billionaire Fernando Chico Pardo ( ).
Citi remains financially solid with a market capitalization of $191.54 B, revenue of $85.21 B and EPS of $6.97, underpinning its core-operations focus ( ).

4 days ago

Bloomberg

Citigroup spotlights surge in critical‐minerals sector

New Projects/Investments

The U.S. government has launched Project Vault, backed by a $10 billion Export-Import Bank loan and $2 billion in private capital to build a strategic minerals reserve, while copper prices hit $13,238/tonne in January 2026, with Citigroup forecasting $15,000/tonne on persistent supply deficits.
GoldHaven Resources raised $2.0 million via flow-through shares at $0.265 to advance its Magno polymetallic project in British Columbia’s Cassiar District.
Almonty Industries’ Sangdong Tungsten Mine delivered its first ore to the ROM pad in December 2025 and aims to supply 40% of all non-China tungsten, supported by binding offtake agreements for U.S. defense applications.
Lundin Mining’s 50/50 Vicuña joint venture with BHP is projected to produce 400,000 tonnes of copper, 700,000 ounces of gold, and 22 million ounces of silver annually over its first 25 years.
Hecla Mining reported record 2025 results with revenue exceeding $1.4 billion, net income of $321 million, adjusted EBITDA of $670 million, and free cash flow of $310 million while producing 17.0 million ounces of silver.

Feb 19, 2026, 3:15 PM

Press Release

Citigroup establishes Series JJ preferred stock

Dividends

On February 11, 2026, Citigroup amended its Certificate of Incorporation to create 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ, effective immediately upon filing.
The series authorizes up to 40,000 shares with a $25,000 liquidation preference per share, paying noncumulative dividends at 6.500% annually through May 15, 2031, then resetting every five years to the 5-year Treasury rate plus 2.745%.
Shares are optionally redeemable at $25,000 per share (plus any declared unpaid dividends) on or after the first reset date or within 90 days following a regulatory capital event.
In liquidation, holders receive their $25,000 preference plus any accrued dividends before any junior stock distributions.
Holders have no general voting rights, but gain the right to elect two directors if dividends on parity stock are unpaid for six consecutive quarterly periods.

Feb 12, 2026, 9:05 PM

8-K

Citigroup outlines CFO priorities and strategic reorganization

CFO Change

Guidance Update

New Projects/Investments

Key CFO priorities include driving consistent higher returns through strong risk management and a durable balance sheet, and pursuing relentless execution with accountability and a beginner’s mindset.
Citigroup will split U.S. Personal Banking into a unified retail bank and standalone cards business to enhance customer synergies, leveraging its six-market branch network (referring $15 billion into wealth) and serving an $18 billion revenue cards franchise with $175 billion in outstandings.
The firm targets a 10–11% ROTCE in 2026 while reducing its operating efficiency ratio from 63% toward 60%, driven by transformation cost roll-offs and multi-year AI- and automation-led process improvements.
Investment in AI-driven digital initiatives includes “Agent Assist,” which uses AI for call intent detection, live transcripts, and automated summaries to improve customer experience and operational efficiency.

Feb 11, 2026, 2:40 PM

Transcript

Citigroup outlines 2026 NII growth guidance and strategic priorities

Guidance Update

New Projects/Investments

Citigroup expects 5%–6% growth in net interest income ex-markets in 2026, driven by mid-single-digit deposit and card loan volume gains and yields on reinvested securities, with rate-cut assumptions fully embedded.
The firm targets an operating efficiency ratio of ~60% in 2026, down from 63% in 2025, as transformation costs roll off and further automation and AI across core processes drive productivity.
U.S. cards generates $18 billion of revenue on $175 billion of outstandings (No. 3 market position), with recent product launches (Strata), refreshed co-brand partnerships (Costco, American Airlines) and an expanded loyalty ecosystem including Citi Travel and point-of-sale installment offerings.
Citigroup is splitting its U.S. retail bank and standalone cards businesses to enhance customer synergies, leveraging six core markets that account for one-third of U.S. affluent/HNW households and enabling $15 billion of wealth referrals from branches last year.
Transformation is ~80% complete and AI tools have been deployed to 182,000 employees across 84 markets (70% adoption), unlocking micro-productivity gains in finance, operations and risk management.

Feb 11, 2026, 2:40 PM

Transcript

Citi outlines USPB growth, efficiency targets and 2026 guidance at BofA conference

Guidance Update

New Projects/Investments

Citigroup’s U.S. Personal Banking achieved 13 consecutive quarters of positive operating leverage, improved operating efficiency from 57% to 46% in 2025, and generated an average ROTCE north of 13% in 2024 (over 14% in H2).
The bank will split its retail bank and cards businesses to unlock customer synergies, unifying retail deposits with Wealth management (upgraded $15 billion of branch volumes to Wealth in 2025) and creating a standalone $18 billion cards franchise with a clear proprietary and co-brand strategy.
Company-wide NII ex-Markets is guided to grow 5%–6% in 2026 (after a 6% increase in 2025), driven by mid-single-digit growth in operating deposits, cards and Wealth loans, and yield pickup on securities roll-off, assuming rate cuts.
Efficiency ratio improved from 66% in 2024 to 63%, with a target of ~60% in 2026 as transformation costs roll off, stranded costs decline, and further automation and AI-driven process improvements are executed.
Citigroup reports 80% completion of its firm-wide transformation programs and has deployed AI tools to 182 000 employees across 84 markets with over 70% adoption, targeting productivity gains in finance, legal, HR and operations.

Feb 11, 2026, 2:40 PM

Transcript

Citigroup outlines 2025 performance and 2026 priorities at UBS conference

Citigroup Services delivered record Q4 revenues and full-year 2025 revenue of $21.3 billion, up 8 percent YoY, with a ROTCE of 28.6 percent. Key drivers included NII growth (+12 %), fee revenue (+6 %), deposit growth (+7 %), loan book (+9 %), cross-border volumes (+10 %), clearing volumes (+5 %), and AUC/AUA (+24 %).
Since the 2024 Investor Day, Services has achieved an 8 percent revenue CAGR (2023–2025) and a 14 percent revenue CAGR since 2021, while gaining over 200 bps of wallet share in both institutional TTS and Securities Services and doubling wallet share in Commercial Banking.
Citi continues to innovate and integrate platforms, including AI-powered Tech/Agent/Client/OPS/Service Assist, single-event custody processing, Citi Payment Express (now in 22 markets handling 40 % of volumes), 24/7 USD clearing (300+ banks), and internal blockchain rails for digital assets.
Looking ahead, management aims to sustain mid-20 percent through-the-cycle ROTCE, driven by continued investment in client engagement, digital innovation, and wallet share gains; Citi has delivered an 8 percent revenue CAGR since 2015.