Will Citigroup stock ever recover?

However, with recovery in the economy, both the sales & trading and investment banking revenues are expected to stabilize, hurting Citigroup’s top-line. Further, the interest rates are still below the pre-Covid-19 levels and are not expected to completely recover anytime soon.

When did Citigroup go public?

December 4, 1998
However, on December 4, 1998, Citigroup began trading under its current stock symbol “C.”

What is the current stock price of Citigroup?

Historical daily share price chart and data for Citigroup since 1977 adjusted for splits. The latest closing stock price for Citigroup as of June 16, 2021 is 71.46.

When did Citigroup start paying dividends to shareholders?

Until 2007, Citigroup ( NYSE:C) was among the elite financial institutions in the U.S., and its stock had delivered good returns to its longtime shareholders both from share price appreciation and from healthy dividends.

When did Citigroup get out of government ownership?

Over the past eight years, Citigroup has made considerable progress. By the end of 2010, the U.S. Treasury had sold off all of its stock in the bank, freeing it from the hassles of government ownership.

What’s the history of the bank Citigroup?

Citigroup’s roots stretch back more than 200 years, to the founding of the City Bank of New York in 1812. Since then, the bank has played an instrumental role in financing the growth engines of American industry, from the iron and steel industries in the 19th century to the infrastructure and transportation industries in the 20th century.