Market Overview - The US stock market experienced a significant decline, with the Dow Jones Industrial Average dropping 669.42 points (1.34%) to close at 49,451.98 points, the Nasdaq Composite falling 469.32 points (2.03%) to 22,597.15 points, and the S&P 500 decreasing by 108.71 points (1.57%) to 6,832.76 points [1][2][3] Market Sentiment - Over 4,100 stocks declined, indicating widespread market panic as investors rushed to sell assets, particularly in the tech and growth sectors. The VIX index surged, reflecting heightened risk aversion [2][3] Sector Performance - The sell-off affected nearly all sectors, with notable declines in precious metals and semiconductor stocks. The precious metals sector saw significant drops, with gold futures down 3.08% and silver futures plummeting 10.62% [4][5][6][8] - The Philadelphia Semiconductor Index fell by 2.5%, with individual stocks like AEHR Test Systems down 17.58% and Intel down over 3% [8][10] Major Companies - Apple Inc. experienced a substantial drop of 5.00%, resulting in a market cap loss of over $120 billion, attributed partly to regulatory concerns [12] - Other major tech companies also faced declines, with Tesla down 1.62%, Amazon down 2.20%, and Meta Platforms down nearly 3% [12] Financial Sector - Bank stocks fell across the board, with JPMorgan Chase down over 2%, Goldman Sachs down over 4%, and Citigroup down over 5%, driven by concerns over AI disrupting traditional wealth management [13][14] Economic Indicators - Recent economic data, including a drop in initial jobless claims and lower-than-expected existing home sales, contributed to market anxiety about potential economic overheating and prolonged high interest rates [24][25][26] Global Market Impact - The sell-off in the US markets had a ripple effect on global markets, with European indices also closing lower after initially opening higher, indicating a widespread sentiment of fear [18][19][20] AI Concerns - The market's decline was exacerbated by fears regarding the disruptive impact of AI technologies on various industries, leading to significant stock price drops in sectors perceived to be at risk [21][22][30] Storage Chip Sector - In contrast to the overall market trend, storage chip stocks saw gains, with companies like SanDisk and Seagate Technology rising significantly, reflecting a belief that AI's growth will increase demand for data storage [29]

智通财经APP获悉，根据美国证券交易委员会(SEC)披露，花旗集团(C.US)向其递交了截至2025年12月31日的第四季度持仓报告(13F)。 从最新披露的数据来看，花旗第四季度的投资组合仍以美股及ETF资产为主，并辅以一定规模的期权及债务类工具进行配置调整。其中，英伟达(NVDA.US) 为其第一大重仓股，占投资组合比例为3.04%；SPDR标普500 ETF(SPY.US)位列第二，占比为2.56%；微软(MSFT.US)位列第三，占比为2.53%。此外， iShares罗素2000指数ETF看跌期权(IWM.US)及特斯拉(TSLA.US)看跌期权也进入前五大持仓，占投资组合比例分别为2.05%和2.02%。 | Stock | History | Sector | Shares Held or | Market | % of | Previous % of | Rank | Change in in | > | % | % | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Princ ...

Bank of America Corp. raised Chief Executive Officer Brian Moynihan’s pay to $41 million for 2025, a year in which the second-largest US bank improved its profit but stock performance fell short of peers.The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, “consistent with prior years,” along with equity incentive awards totaling $39.5 million, according to a regulatory filing Friday. A year ago, Moynihan’s compensation was increased 21% to $35 million after the bank was ab ...

Key Takeaways Citigroup trades at 10.67X P/E, below industry and peers despite a 31.5% one-year rally.C is exiting global consumer units, boosting IB and wealth, targeting 4-5% revenue CAGR through 2026.C expects 5-6% NII growth in 2026 and $2-2.5B savings, though asset quality risks remain.Citigroup, Inc. (C) stock is currently trading at a 12-month trailing price-to-earnings (P/E) of 10.67X, which is below the industry’s 14.42X. This shows the stock is trading at a discount.Price-to-Earnings F12M Image So ...

Core Insights - Major banks including Goldman Sachs, JPMorgan, and Citigroup experienced significant declines, with Goldman Sachs dropping 5.1%, JPMorgan falling 3.2%, and Citigroup decreasing 5% on a day when the S&P 500 declined only 1.8% [1] Company Performance - **Goldman Sachs**: The stock fell from an opening price of $956.17 to close at $907.99, with a notable spike in trading volume indicating institutional selling during the last hour of trading [1] - **JPMorgan Chase**: The stock decreased from $312.88 to $302.79, with 5.57 million shares traded at the close, reflecting a similar pattern of institutional selling [1] - **Citigroup**: The stock fell from a session high of $119.18 to close at $111.47, indicating ongoing weakness in the stock [1] Market Context - The broader market saw a decline, with the S&P 500 down 1.8%, but the banks underperformed significantly, suggesting sector-specific issues rather than just general market weakness [1] - The regional banking sector also faced declines, with the SPDR S&P Regional Banking ETF dropping 3.8%, marking the third consecutive day of losses [1] Analyst Sentiment - The selloff was triggered by a series of analyst downgrades in the asset management sector, with BMO Capital Markets lowering its price target on T. Rowe Price Group from $110 to $104, alongside downgrades from other major banks [1] - Concerns about fee-based revenue streams and market activity levels were highlighted as key issues affecting investor sentiment towards financial stocks [1]

Former Citigroup unit in Russia says it is changing its name to RenCap Bank | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Feb 13 (Reuters) - Citigroup's [(C.N), opens new tab] former Russian unit, AO Citibank, said on Friday it would change its name to RenCap Bank following its planned sale to Renaissance Capital.Citigroup announced in 2022, following the start of the war in Ukraine, that it was reducing its operations and exposu ...

花旗的Jamie Searle在一份报告中称，德国国债走势更多地跟随美国国债，而非国内数据，不过，欧元 区政府债券的发行趋势可能会影响久期和曲线。该利率策略师称，供应进展和持续的需求为短期涨势提 供支撑，据花旗估计，欧元区主权国家已完成其年度政府债券发行量的17%。该策略师称，随着30年期 债券发行量的减少，这一供应进展可能会使10年至30年期欧元区政府债券的收益率曲线从3月份开始趋 于平缓。他表示："从更长期来看，问题更多地在于财政对经济的影响，而非发行本身，但这一点限制 了上涨空间。" ...

Group 1 - The core viewpoint of the article is that the market is overly complacent about the U.S. inflation outlook, making bets on rising inflation pressures significantly attractive [1] - Citigroup's rate trading strategist Benjamin Wiltshire suggests that investors may be underestimating the resilience of U.S. consumption, leading to a likely slight upward revision of market inflation expectations [1] - Wiltshire recommends buying five-year/five-year forward inflation derivatives, arguing that the current pricing level of about 2.5% is too low compared to the persistent core inflation indicator, which remains just below 3% [1] Group 2 - Recent strong U.S. employment data has exceeded market expectations, causing a surge in U.S. Treasury yields and prompting traders to lower their expectations for Federal Reserve rate cuts this year [4] - The market's reluctance to price in inflation risks is attributed to disappointment over last year's U.S. tariff policies not quickly translating into inflation [4] - Wall Street remains vigilant about inflationary risks, anticipating that a strong economic recovery in the U.S. could reignite price increases, especially if the next Federal Reserve chair, likely to be Waller, guides policymakers to lower rates more aggressively [4] Group 3 - UBS Group AG's senior trader Ben Pearson indicates that the "inflationary boom" led by the U.S. is one of the most underestimated risks by investors this year [4] - If inflationary pressures materialize, the Federal Reserve may remain inactive in the first half of the year, forcing the market to price in rate hikes for the second half [5] - Lazard's CEO argues that it is reasonable and likely for U.S. inflation to return above 4% by the end of the year [5] Group 4 - The complexity of predicting inflation has increased due to tariff tensions and rapid advancements in emerging technologies [5] - Investors must also contend with geopolitical risks affecting oil prices, particularly from intermittent threats related to Iran [5] - BlackRock's Tom Becker has been increasing short positions in long-term U.S. and U.K. government bonds, expecting strong economic growth and rising commodity prices to exert upward pressure on consumer prices [5] Group 5 - In this uncertain environment, TIPS (Treasury Inflation-Protected Securities) offer a potential hedging mechanism against inflation [6] - Vanguard's senior portfolio manager Brian Quigley notes that TIPS are not without risks, particularly if oil prices fall sharply, which could quickly lower the breakeven point for these securities [7] - Pimco views TIPS as inexpensive insurance against inflation, believing they provide good protection if inflation exceeds the Federal Reserve's target, similar to the past four to five years [7]

Vi e w p o i n t | 12 Feb 2026 08:17:01 ET │ 14 pages Metal Matters China aluminium demand resilient; near-term outlook mixed; BESS gains add to structural support CITI'S TAKE This note provides an update on our China aluminium end‑use tracker (CAET). Implied Chinese aluminium demand grew ~4% y/y in 2025 despite a deceleration in the month of December. Stronger decarbonisation‑related demand (utilities, renewables, storage) has offset the weakness in cyclical related demand. Looking ahead, we see the decarb ...

Citigroup said Thursday it had approved $42 million for CEO Jane Fraser’s total compensation for 2025, up nearly 22% from a year earlier.Investors have cheered Fraser’s efforts to streamline management, cut jobs and sell businesses, boosting the stock 65.8% last year. It outperformed peers and an index tracking bank stocks by a wide margin.The move follows similar hikes for top bosses at rivals Goldman Sachs and Morgan Stanley, as Wall Street giants gear up for what is widely expected to be a bumper year fo ...