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 …
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 …
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 …
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 …
WASHINGTON (AP) — 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 …
Citigroup Inc on Thursday said it may conduct a reverse stock split as part of an exchange offer that could give the U.S. government a 36 percent stake in the bank. Citigroup said it will also seek shareholder approval to conduct a reverse …
NEW YORK - Citigroup's surprisingly low pricing of a stock offer this week provides a clear sign investors are still nervous about the banking giant's ability to regain its financial health. On Wednesday, Citigroup Inc. said it would sell 5.4 …
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 …