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 ...

Market-Moving Headlines - AlgoRhythm Holdings Inc. announced that its AI platform could significantly increase freight volume without additional headcount, leading to a sell-off in the logistics sector, with the Russell 3000 Trucking Index dropping by 6.6% [2][9] - Concerns about AI's disruptive potential have been heightened, with UBS warning that credit markets are underpricing the risks associated with AI-driven disruption, particularly affecting leveraged loans [3] Rivian's Positive Outlook - Rivian Automotive Inc. reported a fourth-quarter adjusted loss of 54 cents per share, which was better than analyst expectations, and surpassed revenue forecasts [4] - The company provided a strong delivery guidance for 2026, estimating 62,000 to 67,000 vehicles, and confirmed that its R2 SUV is on track for a second-quarter launch [4] Tech and Finance Giants Make Moves - NVIDIA Corp. plans to lease a new 200-megawatt data center in Nevada, partially financed by a $3.8 billion junk-bond sale led by Tract Capital, with JPMorgan Chase & Co. and Morgan Stanley managing the transaction [5] - Citigroup Inc. announced a 22% pay increase for CEO Jane Fraser, raising her 2025 compensation to $42 million, following a 66% surge in the bank's stock price [6][9] Political and Economic Headwinds - A partial shutdown of the Department of Homeland Security is looming as Senate Democrats blocked a funding bill over immigration agent restrictions, with a deadline approaching [10] Financial Troubles in Retail - Saks Fifth Avenue is negotiating with lenders and suppliers to address financial concerns related to inventory on consignment and to prevent objections to its bankruptcy loan [11]

花旗集团将首席执行官Jane Fraser 2025年的薪酬提高到了4200万美元，使其跻身美国收入最高的银行掌 舵人之列。周四文件披露的这一22%的薪酬涨幅，建立在花旗集团过去一年股价上涨66%，超过华尔街 其他任何一家银行的基础之上。因此，Fraser全年总收入只比摩根大通的Jamie Dimon少了100万美元。 其薪酬方案包括150万美元基本薪资、610万美元现金激励，其余的是股票奖励。Fraser于10月被任命为 该行董事会主席时获得了一份留任奖金，当时价值2500万美元，将在五年内归属完毕。 来源：滚动播报 ...

Fraser made roughly $7.5 million more than she earned the year before. ...

格隆汇2月13日｜花旗集团已将首席执行官弗雷泽2025年的薪酬上调至4200万美元，使她跻身美国薪酬 最高的银行掌门人行列。根据周四的一份文件披露，这一幅度达22%的加薪紧随花旗股价在过去一年上 涨66%的强劲表现之后——其涨幅超过了任何其他华尔街大行。此次加薪使弗雷泽的全年总薪酬包仅比 摩根大通首席执行官戴蒙少100万美元。薪酬方案包括150万美元的基本工资、610万美元的现金奖励以 及剩余的股票奖励。此外，弗雷泽在2025年10月被任命为该行董事会主席时，还获得了一笔当时价值 2500万美元、五年后完全归属的留任奖金。花旗在文件中表示，该薪酬方案"反映了她在2025年期间为 显著增强花旗业绩所做的工作，她的战略愿景及执行力，以及她为公司未来增长所做的果敢抉择"。 ...