citigroup stock price Forecast 2011

citigroup stock share price Forecast 2011 ; Citigroup Inc. said in a note it cannot rule out the possibility that other Italian banks may raise capital. The brokerage calculates a possible capital need for the other banks of up to 10 billion euros ($14.2 billion) -- about 8.5 billion euros for UniCredit SpA (UCG) , about 600 million euros for Popolare di Milano and about 500 million euros for Banco Popolare SC (BP) -- in a worst-case scenario.

Citigroup Attempts Improvements in Face of Mortgage Crisis
Citigroup announced plans for a 10 for 1 reverse stock split, which will move the share price somewhere near $40 by reducing the number of outstanding shares from the current 29 billion to a much more reasonable number of 2.9 billion. Citigroup share price is down 92% from its 2006 high of $55.70 which was achieved with close to 5 billion shares outstanding. The reverse split will take effect May 6, Citigroup CEO Vikram Pandit believes that the reverse split, together with with the reinstatement of a penny per share dividend as an initial step are important first moves as the company anticipates returning capital to shareholders starting next year Read More...

Pirelli, Premuda, Pop. Milano, UniCredit: Italian Equity Preview
The following companies may be active in Italian trading. Stock symbols are in parentheses and share prices are from the previous close. Italy’s benchmark FTSE MIB Index (FTSEMIB) dropped 636.59, or 2.9 percent, to 21,184.67 in Milan. Read More...

NetSpend (NTSP) Trades Up 4.06%, Hits $9.73
Separately, analysts at Citigroup (NYSE: C) initiated coverage on shares of NetSpend in a research note to investors on Tuesday. They set a “buy” rating and a $13.00 price target on the stock. Also, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of NetSpend in a research note to investors on Thursday, April 14th. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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