Search results
Results from the WOW.Com Content Network
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 ...
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.
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 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. [4] [5] Citigroup is the third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking ...
In a reverse stock split, a company reduces the number of shares outstanding, boosting the share price. For example, with a 1:3 stock split, the number of shares is divided by three while the ...
Citibank, N.A. (N. A. stands for "National Association"; stylized as citi bank) is the primary U.S. banking subsidiary of financial services multinational Citigroup. [2] Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. [3] The bank has 2,649 branches in 19 countries, including 723 ...
A company may use a reverse split to push its stock price back over a certain threshold, typically $1 per share, in order to maintain compliance with an exchange’s rules. To raise the stock price.
en.wikipedia.org