Short-term pain. Long-term gain. Big banks are taking huge hits to their profits because of the corporate tax cut. Citigroup posted a whopping $18.3 billion quarterly loss on Tuesday, after it took a one-time charge of $22 billion because of the …
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.32 per …
Citigroup surprised Wall Street on Thursday with news that it was considering a bit of financial gymnastics to raise its sunken share price. The financial giant said it might execute what is known as a reverse stock split — the market …
Over the past five years, Citigroup's book value per share, which heavily dictates a bank's share price over a long period of time, has increased on a year-over-year basis by a median of 5.4%. That won't make you rich overnight, but the returns …
Citigroup Inc. (NYSE: C) is defying the market trends so far on Wednesday as the company’s annual shareholder meeting. The bank is still in what will be a multiyear turnaround. At the company’s annual shareholder meeting we have …
NEW YORK, Nov 19 (Reuters) - Citigroup Inc (C.N) faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. The second …
This $7.5 billion investment from ADIA was going to convert in a little over two years into approximately 235 million publicly traded common shares of Citigroup stock, diluting all other shareholders. Despite these facts which called for …
Over the past year, shares of Citigroup (NYSE: C) have climbed 47%. That's more than double the return on the S&P 500, and it comfortably exceeds other big banks as well, with the KBW Bank Index returning 38% since this time last year. …
We just came across this squib from earlier this week in a note from Barclays Capital analyst Jason Goldberg. “With the government now out of its common equity stake, we wonder if [Citi] announces its long awaited reverse stock split in …