NYSE:CBanks
Citigroup (C) Valuation Check As Capital Reshuffle Adds New Preferred Stock And Retires Series X Shares
Citigroup (C) has moved aggressively on its capital stack, redeeming all $2.3b of Series X preferred depositary shares while introducing new 6.250% Series II preferred stock and issuing fresh senior notes across fixed, floating and zero coupon structures.
See our latest analysis for Citigroup.
These capital moves come as Citigroup’s 90 day share price return of 14.83% contrasts with a 30 day share price decline of 5.52%, while the 1 year total shareholder return of 44.24% points to stronger...