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Citigroup Establishes New 6.5% Series JJ Preferred Stock

Story Highlights
  • Citigroup created a new 6.500% noncumulative preferred stock Series JJ on Feb. 11, 2026.
  • The bank broadened its capital stack with diverse preferred and note securities to balance funding and capital needs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Citigroup Establishes New 6.5% Series JJ Preferred Stock

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Citigroup ( (C) ).

On February 11, 2026, Citigroup Inc. filed a Certificate of Designations in Delaware to create a new series of preferred stock, the 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ, which became effective immediately and amended the company’s Restated Certificate of Incorporation. The move expands Citigroup’s capital structure alongside its existing preferred, trust preferred, and medium-term senior note issuances listed on the New York Stock Exchange, underscoring its continued use of tiered securities to manage funding, regulatory capital, and investor demand for yield-bearing instruments.

Citigroup’s roster of listed instruments now includes common stock, depositary shares linked to 6.250% Noncumulative Preferred Stock Series II, multiple trust preferred securities, and several floating rate medium-term senior notes due between 2026 and 2029. This diversified mix of equity-linked and debt securities provides the bank with flexibility in balancing capital requirements and funding costs while offering investors varied risk-return profiles across its capital stack.

The most recent analyst rating on (C) stock is a Buy with a $134.00 price target. To see the full list of analyst forecasts on Citigroup stock, see the C Stock Forecast page.

Spark’s Take on C Stock

According to Spark, TipRanks’ AI Analyst, C is a Neutral.

The score reflects strong technical momentum and a generally positive forward setup from guidance (NII growth, efficiency improvement and buybacks), balanced against weaker underlying financial quality signals—most notably persistently negative operating/free cash flow and rising leverage—while valuation appears reasonable rather than compelling.

To see Spark’s full report on C stock, click here.

More about Citigroup

Citigroup Inc. is a global financial services group operating as a major U.S. bank holding company, with its common stock listed on the New York Stock Exchange under the ticker C. The firm offers a broad range of banking and capital markets products, including preferred and trust preferred securities as well as medium-term senior notes aimed at institutional and retail investors worldwide.

Average Trading Volume: 13,754,490

Technical Sentiment Signal: Buy

Current Market Cap: $218.6B

Learn more about C stock on TipRanks’ Stock Analysis page.

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