Citi Plans Reverse Stock Split - Analyst BlogZacks Equity Research
The bank said it hopes to launch the exchange offer in early April, subject to regulatory approval. Citi also said it is asking for approval to execute a reverse stock split of its common stock. In its filing, Citi also said it is seeking permission for a reverse stock split, but did ...
MIKE MAYO: And then a separate question: Why are you guys doing the reverse stock split. We all have our reasons why you might be doing it. But I'm not sure we heard directly from you. VIKRAM PANDIT: I think we're pretty clear in our public press releases and other communications. ...
➢ consider an advisory vote on the frequency of future advisory votes on executive compensation, ➢ approve an extension of the Board's authority to effect a reverse stock split, ➢ act on certain stockholder proposals, and ➢ consider any other business properly brought before the meeting...
The article discusses a reverse stock split by financial-services firm Citigroup Inc. that drastically reduced the firm's share count and raised its stock price to over $40. Chief executive Vikram Pandit emphasized that the maneuver neither created nor destroyed value for shareholders. Research by ...
Citigroup says the project will generate savings in the next few years well in excess of the project costs. Citigroup is planning to do a reverse split of its shares, which would have the effect of boosting the stock value.RIEKERMATTHIASEckbladMarshall...
Common Stock Repurchases14,533 Total Payout$17,128 Reported Total Payout Ratio (Net Income less Preferred Dividends/Total Payout)(214%) Adjusted Total Payout Ratio (Adjusted Net Income less Preferred Dividends/Total Payout)117% Reported Global Consumer Banking (GCB) Revenues$33,777$32,838 ...
JOHN GERSPACH: I would say very, very few of them will reverse. I think that those are just the incremental costs of doing business now for banks, and I don't think we're the only bank that's going through that. So those are just costs that are going be embedded in our expense ...
The article reports that UBS analyst William Tanona forecasts Citigroup to gain as much as 50 percent in the next 12 months, who came out with a bullish research note on June 13, 2011. It says that the shares of Citi have fallen by 14 percent since the reverse stock split of the ...
The article reports on Citigroup Inc.'s capital deployment plan in March 2011. Citigroup's motivation for making a penny-a-share payout and a 1-for-10 reverse stock split is to boost employees' morale and show investors its capital planning and financial condition is in good standing with ...