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 …
NEW YORK (CNNMoney) - 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 …
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For the most part, investors who have dared to bet on a turnaround of Citigroup Inc. have made some tidy profits over the past year or so. The latest example is the Kuwait Investment Authority – a sovereign wealth fund — that made a …
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. …
WASHINGTON - The government says it will conduct a fourth round of sales of Citigroup common stock, its latest effort to recoup costs from the $700 billion financial bailout. The Treasury Department said today that it had given Morgan …
WASHINGTON -- The Treasury Department said Monday that its first sales of Citigroup stock will cover up to 1.5 billion shares. That would amount to about 20 percent of the 7.7 billion shares of Citigroup common stock that the …
CHARLOTTE, N.C. – Shares of Citigroup Inc., once the nation’s most powerful bank, fell below $1 a share Thursday. The stock fell to 98 cents in late morning trading, down 15 cents or 14.2 percent from Wednesday. New York-based Citi has …
How useful are stock ratings? A glitch at Citigroup spanning more than four years has given investors another reason to ask that question. The bank’s electronic feed distributed inaccurate analyst ratings to individual retail customers, …
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