Monday, March 21, 2011

Citigroup gives up on its stock price

Citigroup (currently trading at $4.41) on Monday announced a 1-for-10 reverse stock split of its common shares effective after markets close on May 6.  Separately, the banking giant said it plans to reinstate a quarterly dividend of a penny a share in the second quarter.
at

1 comment:

  1. The Value Major6:55 PM

    Bank stocks are so hard to value right now. I'm staying away from them simply because they're completely beyond my ability to evaluate. Citi's ballance sheet is a complete mystery so it's pretty much impossible for anyone to feel safe about reaching their hand into that particular black box and buy the stock.

    ReplyDelete

Note: Only a member of this blog may post a comment.