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The market seems to like the idea that Citigroup (C) may do a reverse split of its shares and issue common stock in exchange for publicly held convertible and non-convertible preferred and trust ...
Stock splits can go in either direction: forward or reverse. With a reverse-stock split, a company is purposely increasing its share price. ... Wall Street's primary Cintas bear is Citigroup ...
If faced with the proposition of owning one share of company stock for $50 or two shares for $25, you might wonder what difference it makes. In a reverse stock split, the amount of shares ...
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company in New York City.The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.
Lucent became a "darling" stock of the investment community in the late 1990s, and its split-adjusted spinoff price of $7.56/share rose to a high of $84. Its market capitalization reached a high of $258 billion, and it was at the time the most widely held company with 5.3 million shareholders. [13] In 1995, Carly Fiorina led corporate ...
Citigroup CEO Jane Fraser is putting her own stamp on the nation’s third-largest bank with a reorganization that she called the "most consequential" change to how Citi operates in nearly two ...
August 21, 2024 at 4:31 PM. (Reuters) - Citigroup's addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S. Securities and Exchange ...