Below, we'll look at Citigroup's past history of stock splits to see what the future might bring. Image source: Citigroup. As you can see, Citigroup has a long history of stock splits, and most of them were the normal kind.
Only the final move was a reverse split, and so those who owned shares of Citigroup prior to its February split would now own shares. At first glance, the split ratios that Citigroup chose might look strange, but when you think about it, they essentially broke down what would have been 2-for-1 splits into two separate pieces.
For instance, the February split took shares and turned it into The August split then took shares and turned them into Citigroup could have achieved the same thing by doing a single 2-for-1 split, but doing it this way had the effect of giving investors two pieces of news that were perceived positively rather than one.
Early on, rises to the lower end of that range were adequate to spur a split. Later in the decade, larger price advances were necessary before Citigroup would make the move. After , several things conspired to keep Citigroup from needing to split its shares.
First, the company's dividend payments contributed to total return while holding down share prices. In addition, the spinoff of the Travelers insurance unit in also pushed the share price down slightly. At the end of , the U. Citi's capital strength is among the best in the industry and the bank is focused on putting its unmatched global network to use for its clients to foster sustainable and responsible growth. Get the app for Android. Get the app for iOS. Citi Citi, the leading global financial services company, has approximately million customer accounts and does business in more than countries and jurisdictions.
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Rather, the stock price rises because of basic math. What does change is the number of shares you own and how much each share is worth. Still, they don't have to be a death knell, either. Because reverse stock splits have no fundamental impact on a company, it's more important to look at the financial health of a stock to assess whether a reverse split is likely to work in the long run. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price.
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