Did Citigroup do a reverse split?

Split Ratio As you can see, Citigroup has a long history of stock splits, and most of them were the normal kind. Only the final 2011 move was a reverse split, and so those who owned 100 shares of Citigroup prior to its February 1993 split would now own 120 shares.

What happens to the price of a stock when it reverse splits?

A company performs a reverse stock split to boost its stock price by decreasing the number of shares outstanding. A reverse stock split has no inherent effect on the company’s value, with market capitalization remaining the same after it’s executed.

Does stock price go up after a reverse split?

Reverse stock splits boost a company’s share price. A higher share price is usually good, but the increase that comes from a reverse split is mostly an accounting trick.

Is a reverse stock split a good time to buy?

Often, companies that use reverse stock splits are in distress. But if a company times the reverse stock split along with significant changes that improve operations, projected earnings and other information important to investors, the higher price may stick and could rise further.

Why did Citigroup do a reverse stock split?

Citigroup’s then CEO Vikram Pandit and former Chairman Richard Parsons said the purpose of the reverse split was to increase the share of institutional investors holding the stock.

When did Citigroup stock split?

09 May 2011
Stock Split History

Dist. Date Split Amt.
09 May 2011 1 for 10
25 Aug 2000 4 for 3
28 May 1999 3 for 2
19 Nov 1997 3 for 2

Do you lose money in a reverse split?

In some reverse stock splits, small shareholders are “cashed out” (receiving a proportionate amount of cash in lieu of partial shares) so that they no longer own the company’s shares. Investors may lose money as a result of fluctuations in trading prices following reverse stock splits.

Do you lose money on a reverse split?

Is Citibank and Citigroup the same?

Citibank is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.

Does a stock split hurt shareholders?

When a stock splits, it has no effect on stockholders’ equity. During a stock split, the company does not receive any additional money for the shares that are created.