Citigroup stock declined 1.4% on February 23, 2026. The company announced deals to sell an additional 24% stake in its Mexican retail bank Grupo Financiero Banamex for approximately $2.5 billion to investors including Blackstone, General Atlantic, Banco BTG Pactual, and other institutional investors. This sale follows a previous 25% stake sale to Mexican billionaire Fernando Chico Pardo and represents part of CEO Jane Fraser's strategy to divest from international consumer banking markets. The transactions are subject to regulatory approval and expected to close in 2026. Additionally, banking sector shares traded lower amid broader market weakness following President Trump's announcement of plans to raise global tariffs to 15%. Citigroup's credit card delinquencies rose to 1.46% in January 2026 from 1.42% in December 2025.
Read full analysisCitigroup stock declined 1.4% on February 23, 2026. The company announced deals to sell an additional 24% stake in its Mexican retail bank Grupo Financiero Banamex for approximately $2.5 billion to investors including Blackstone, General Atlantic, Banco BTG Pactual, and other institutional investors. This sale follows a previous 25% stake sale to Mexican billionaire Fernando Chico Pardo and represents part of CEO Jane Fraser's strategy to divest from international consumer banking markets. The transactions are subject to regulatory approval and expected to close in 2026. Additionally, banking sector shares traded lower amid broader market weakness following President Trump's announcement of plans to raise global tariffs to 15%. Citigroup's credit card delinquencies rose to 1.46% in January 2026 from 1.42% in December 2025.
Citigroup is one of the largest global banks, offering consumer banking, institutional services, and wealth management across more than 160 countries. Under CEO Jane Fraser, the bank is executing a multi-year transformation including international divestitures — most recently selling a combined 49% of its Mexican retail bank Banamex for roughly $5 billion — and working to resolve long-standing regulatory consent orders by year-end. The stock has been unusually volatile since early February, swinging on consent-order optimism, credit delinquency data, and policy risk, making it particularly sensitive to macro shocks like today's tariff escalation hitting the financials sector.