Citigroup Stock Sinks To An All-Time Low Of 97 Cents

Huffington Post   |  Julie Satow   |   March 5, 2009 11:46 AM

Shares of Citigroup, once the nation's most powerful bank, hit an all time low of 97 cents on Thursday. It is a 95.56% drop from the same period last year. The bank's 52-week high was $27.35 on April 28, 2008. According to WSJ's Market Watch, the stock reached an all-time high of $57 a share on Dec. 18, 2006.

Citi and the other banking stocks were hammered Thursday in the wake of ratings downgrades and the expectation that the government will likely have to assume a bigger stake in at least some of the financial institutions when it completes its stress tests to determine whether the banks have sufficient capital.

Here's a screen grab from CNBC of the stock at 97 cents... check here for updates of where the stock is throughout the day.



See our slideshow of things that cost more than a Citi share today:

Shares of Citigroup, once the nation's most powerful bank, hit an all time low of 97 cents on Thursday. It is a 95.56% drop from the same period last year. The bank's 52-week high was $27.35 on April ...
Shares of Citigroup, once the nation's most powerful bank, hit an all time low of 97 cents on Thursday. It is a 95.56% drop from the same period last year. The bank's 52-week high was $27.35 on April ...
 
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- New FebM See Profile I'm a Fan of FebM permalink

I am buying and am buying then now. Heck what else is there to do? I am a faceless shareholder with the gov taking46% control but am putting my real 20cent into this dinasaur

    Reply    Favorite    Flag as abusive Posted 09:09 PM on 03/05/2009
- New ClearingtheAir2010 See Profile I'm a Fan of ClearingtheAir2010 permalink

I don't know about the rest of you, but I'm buy 500 shares tomorrow.

    Reply    Favorite    Flag as abusive Posted 09:04 PM on 03/05/2009
- New duckfan00 See Profile I'm a Fan of duckfan00 permalink

Wait till Monday and you can buy 1000 for same price....

    Reply    Favorite    Flag as abusive Posted 09:10 PM on 03/05/2009
- New vicky83 See Profile I'm a Fan of vicky83 permalink

I owe Citibank $2,238 on my credit card..Should I pay?

    Reply    Favorite    Flag as abusive Posted 08:55 PM on 03/05/2009
- New CalvinistHobbesian See Profile I'm a Fan of CalvinistHobbesian permalink

I don't know about that, but if you have any credit left on that card, buy Citi stock with it. My theory is that this will cause a fold in the money/space/time continuum and suck the whole company into another universe, where they'll be someone else's problem.

    Reply    Favorite    Flag as abusive Posted 09:07 PM on 03/05/2009
- New WillNYC See Profile I'm a Fan of WillNYC permalink

yes.. default is default... once you default on a credit line your other lines might notice and cut you down in credit or raise your rates ...all the cards have been doing lots of customer re-reviews

    Reply    Favorite    Flag as abusive Posted 09:04 PM on 03/05/2009
- New WillNYC See Profile I'm a Fan of WillNYC permalink

and the real scary thing is even at that bargain price no one out there is willing the buy them outright. Instead they putting the squeeze on the government to do the job. These banks are viscous animals these days I think they deserve more neutering.

    Reply    Favorite    Flag as abusive Posted 08:52 PM on 03/05/2009
- New GoodGuysandBadGuys See Profile I'm a Fan of GoodGuysandBadGuys permalink

this is a company that deserves NO SYMPATHY.

this is what you get for ripping people off with your variable rates, f-ers, Bwaahahahhaa

    Reply    Favorite    Flag as abusive Posted 08:49 PM on 03/05/2009
- New Rynox See Profile I'm a Fan of Rynox permalink

"Citibank ATM Fees"...

ouch... lol

    Reply    Favorite    Flag as abusive Posted 08:35 PM on 03/05/2009
- New elcojonu See Profile I'm a Fan of elcojonu permalink

The U.S. Banking System has become a joke.
Close all the banks for a day or two and Nationalize all those who are viable and can open again.
Reason for Nationalization: National Security.

    Reply    Favorite    Flag as abusive Posted 08:21 PM on 03/05/2009
- New Rynox See Profile I'm a Fan of Rynox permalink

Might be done by this time tomorrow. Never know.

    Reply    Favorite    Flag as abusive Posted 08:35 PM on 03/05/2009
- dogwatch See Profile I'm a Fan of dogwatch permalink

Brother can you spare a dime for a share of stock?

    Reply    Favorite    Flag as abusive Posted 08:15 PM on 03/05/2009
- karinova See Profile I'm a Fan of karinova permalink

Awesome.
Welcome to BrokeBuck Mountain.

I have two accounts with Citi.
I wish I could quit them...

    Reply    Favorite    Flag as abusive Posted 07:56 PM on 03/05/2009
- New GoodGuysandBadGuys See Profile I'm a Fan of GoodGuysandBadGuys permalink

about 15 years ago I signed up for a fixed rate citibank card.

I made all my payments and all that jazz, and stopped using the card because I didn't need to.

well sometime in the 90's (when they were making TONS of money) they switched everyone from fixed to variable and stopped offering fixed rates. I didn't realize this until I used the card sometime in the 21st century. then I closed my account.

they are nothing but greedy and deserve to lose every dime they ever had.

    Reply    Favorite    Flag as abusive Posted 08:53 PM on 03/05/2009
- dandypuddin See Profile I'm a Fan of dandypuddin permalink

now that;s a genuine LOL!

    Reply    Favorite    Flag as abusive Posted 08:08 PM on 03/05/2009
- ThizIsSpartan See Profile I'm a Fan of ThizIsSpartan permalink

The next AIG.

    Reply    Favorite    Flag as abusive Posted 07:53 PM on 03/05/2009
- boatsfra See Profile I'm a Fan of boatsfra permalink

Someone put this "company" on ebay...but what would the opening bid be?

    Reply    Favorite    Flag as abusive Posted 07:32 PM on 03/05/2009
- forpeace See Profile I'm a Fan of forpeace permalink

97.99 Cents

    Reply    Favorite    Flag as abusive Posted 08:03 PM on 03/05/2009
- forpeace See Profile I'm a Fan of forpeace permalink

boatsfra
----------
97.99 �

    Reply    Favorite    Flag as abusive Posted 08:03 PM on 03/05/2009
- RJII See Profile I'm a Fan of RJII permalink

Bush destroyed us and guaranteed this downturn and the GOP r a ci st tr0lls that help get us here are going to the President cause he's black.
What else did any respectable person expect.

    Reply    Favorite    Flag as abusive Posted 07:28 PM on 03/05/2009
- dandypuddin See Profile I'm a Fan of dandypuddin permalink

The ATM fee at Citibank. That's a good one.

    Reply    Favorite    Flag as abusive Posted 07:23 PM on 03/05/2009
- anastasiabeaverhousen See Profile I'm a Fan of anastasiabeaverhousen permalink

This site has devolved into a group of corporate-sponsored tro lls making ina ne comments that prov oke a response from the good people who usually post here.

C'est la vie. It was a good run while it lasted.

    Reply    Favorite    Flag as abusive Posted 07:22 PM on 03/05/2009
- ThunderclapNewman See Profile I'm a Fan of ThunderclapNewman permalink

It waxes and wanes.

The troIIs will tire and be distracted by new shiny objects after a while, and we will get back to discussing the things that matter more often than we can do now.

    Reply    Favorite    Flag as abusive Posted 07:33 PM on 03/05/2009
- anastasiabeaverhousen See Profile I'm a Fan of anastasiabeaverhousen permalink

Wane, already!!!

    Reply    Favorite    Flag as abusive Posted 07:38 PM on 03/05/2009
- Mysticalsister See Profile I'm a Fan of Mysticalsister permalink

what an ugly thread. I guess Rush brings that out in everyone.

    Reply    Favorite    Flag as abusive Posted 07:19 PM on 03/05/2009
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