Citigroup Delinquency Rate Rises to 1.46%, Reallocates Half US Equity to Small Caps
Citigroup’s January Card Master Trust delinquency rate rose to 1.46% from 1.42% in December while net charge-offs fell to 2.03% from 2.51% and receivables declined to $19.9 billion. In its February House Views note, Citigroup reallocates half of its US equity exposure into small caps and trims China weight.
1. January Credit Card Performance
Citigroup’s Citibank Credit Card Master Trust delinquency rate increased to 1.46% in January 2026 from 1.42% in December 2025, though it remains below the 1.49% recorded in January 2025. Net charge-offs fell to 2.03% from 2.51% month-over-month, while principal receivables declined from $20.4 billion to $19.9 billion.
2. February House Views Asset Allocation
In its February 2026 House Views, Citigroup rebalances portfolios by shifting half of its US equity allocation to small caps and cutting China exposure. The bank also adjusts sector weights: technology to neutral, consumer discretionary to underweight, industrials to overweight, materials to neutral, credit underweight, and increases duration overweight.