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Citigroup Establishes New 6.5% Series JJ Preferred Stock
Citigroup © has established a new 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ, effective February 11, 2026. This move expands the bank’s capital structure, utilizing diverse preferred and note securities to balance funding and capital requirements while meeting investor demand for yield. Spark, TipRanks’ AI Analyst, rates C as “Neutral,” citing strong technical momentum and positive guidance, balanced against negative operating cash flow and rising leverage.