Citigroup (C) Loses Out on Wachovia, Stock Drops
Tweet
Share
E-mailGet Alerts C Hot Sheet
Price: $140.79 +0.87%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.1%
EPS Growth %: +37.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.1%
EPS Growth %: +37.2%
Join SI Premium – FREE
Citigroup Inc. (NYSE: C) is down over 6% this AM after losing out on Wachovia (NYSE: WB) and its massive deposit base after Wachovia announced a $7 per share merger with Wells Fargo (NYSE: WFC).
On Monday, Citigroup announced a acquisition of the banking operations of Wachovia in a transaction facilitated by the FDIC. This deal is now dead.
On Monday, Citigroup announced a acquisition of the banking operations of Wachovia in a transaction facilitated by the FDIC. This deal is now dead.
You May Also Be Interested In
- Citigroup (C) call put ratio 1 call to 2.1 puts into quarter results
- Citi cuts PepsiCo rating as North America weakness shows no signs of abating
- Warburg Pincus near over $7 billion deal for specialty-pharmacy company PantheRX - WSJ
Create E-mail Alert Related Categories
Insiders' Blog, Rumors, Trader TalkRelated Entities
Citi, WachoviaSign 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!
