Citigroup Stock Up on AO Citibank Sale, Sees $4B CET1 Gain in Q1

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 ...