Citigroup (C) Lobbies In Effort To Improve Stock Price
Tweet
Share
E-mailGet Alerts C Hot Sheet
Price: $141.04 +2.15%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.1%
Revenue Growth %: +7.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.1%
Revenue Growth %: +7.3%
Join SI Premium – FREE
Citigroup (NYSE: C) is lobbying in Washington to delay capital requirements, FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reported today.
This is being done in a effort to preserve their stock price amid concerns they will need to issue more shares.
"Sources tell FOX Business Network Citi is lobbying in DC among lawmakers to delay Dodd-Frank and Bassel III requirements. These are requirements on capital. Investors are really worried about Ciitgroup’s stock price and whether Citi has to issue more shares," Gasparino stated.
This is being done in a effort to preserve their stock price amid concerns they will need to issue more shares.
"Sources tell FOX Business Network Citi is lobbying in DC among lawmakers to delay Dodd-Frank and Bassel III requirements. These are requirements on capital. Investors are really worried about Ciitgroup’s stock price and whether Citi has to issue more shares," Gasparino stated.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi upgrades AMD to buy with $575 price target ahead of Q4 earnings
- AMD "emerging as a legit second source in the GPU market" says Citi
- AES prices $1 billion senior notes offering with 2029 and 2033 maturities
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Charles Gasparino, CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
