To issue $1.7 billion of “common stock equivalents” to workers in lieu of cash incentive compensation (a way to conserve cash that Citi agreed to in a deal to repay some TARP money) Reverse stock split Treasury voted PROPORTIONALLY on the remaining proposals: Ratify KPMG as the firm’s ac...
(i) effecting a reverse stock split of our Common Stock at any time prior to June 30, 2010 at one of seven reverse split ratios, 1-for-2, 1-for-5, 1-for-10, 1-for-15, 1-for-20, 1-for 25 or 1-for-30, as selected 9 by our board of directors in its sole discretion, ...
(2) All per share amounts and Citigroup shares outstanding for all periods reflect Citigroup's 1-for-10 reverse stock split, which was effective May 6, 2011. (3) The return on average common stockholders' equity is calculated using net income less preferred stock dividends divided by average...
Citigroup considers reverse stock splitMADLEN READ
Yesterday, Citigroup’s shares closed at $4.66 (adjusted for the 1-for-10 reverse stock split the company did on May 9, 2011). That means that shareholders who have hung on to the stock for the past 14 years are still down 84 percent. In terms of assets, Citigroup is ...
Citigroup’s share price sank to 99 cents in the spring of 2009. In a clever maneuver to dress up its share price and remove the beaten-down appearance of a single digit stock, effective May 9, 2011, Citigroup did a 1-for-10reversestock split, meaning if you had 100 shar...
(49)% 19% 22% 24% 21% EOP Assets ($B) EOP Loans ($B) EOP Deposits ($B) $1,957 648 866 $1,948 637 866 $1,938 692 814 0% 2% 0% Note: All per share numbers, throughout this presentation, reflect Citigroup's 1-for-10 reverse stock split, which was effective May 6, 2011...
(2) Earnings per share, Book value per share and tangible book value per share reflect Citigroup's 1-for-10 reverse stock split which was effective May 6, 2011. Tangible book value per share is a non-GAAP financial measure. See page 44 for a reconciliation of this measure to its most ...
Citigroup did a 1-for-10 reverse stock split on May 9, 2011. (For each 100 shares of stock, the shareholder was left with just 10 shares.) At Citigroup’s closing stock price of $48.71 yesterday (actually $4.87 had it not done a 1-for-10 reverse stock spl...
the bank’s stock price had fallen from over $500 to $35.6The lowest the stock traded was in early March 2009 when it traded under $10 for four days.7After a 2011 reverse split, Citi's shares have remained in the double digits ever since, with amarket capitalizationaround $96 billion,...