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 tax cut. And its stock went up. …
WKTV1mon
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, …
Quartz1mon
This is not good for the market, and it’s long past time, I think, for that reverse stock split at Citigroup. It’s beyond silly for any company to have 28.5 billion shares outstanding; a one-for-10 split would overnight bring Citi volume down to ...
Citigroup stock has gained more than 5% on the back of its better than expected first quarter earnings, but massive losses in the wake of its stress test failure leave it down more than 7% since the start of 2014. According to Mike Mayo …
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 (AP) — The Treasury Department said it will sell 1.5 billion shares of Citigroup stock over the next two months, the latest effort to recoup money from the government’s $700 billion financial bailout. The third phase of …
Citigroup Inc. will resume paying a nominal dividend after it uses a reverse stock split to shrink the number of shares outstanding, taking a small step in its recovery from the financial crisis. Citigroup will pay a quarterly dividend of a …
Shares of Citigroup Inc., once the most powerful U.S. bank, fell below $1 a share Thursday. The stock fell to 98 cents in late morning trading, down 15 cents or 14.2% from Wednesday. New York-based Citi has lost more than 85% of its …
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 …