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

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:

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Comments

[toxicbrainpoison]

I knew they wouldn't last. They were always funding the destruction of south american rainforests where indigenous people lived, and their employee relations were horrible too. Any company that behaves so ruthlessly is gonna fall HARD.

[pydbl]

lol...non sequiter at its best

[yorfutrxhsbnd]

From Blue Chip....
To Cow Chip

[EminemsRevenge]

And STILL overpriced!!!

[BonoVox]

Is it just a coincidence that a share of Citi falls below a dollar at the same time that Pam Anderson's boob pops out?

[Belisarius]

Quick Citi. Call Bailout Ben and Treasury Tim and demand some more money. Just tell them the sky is falling again.

[Mover]

The weak, such as AIG, should be allowed to fail, as in file for bankruptcy protection. Their remaning assets will be divvied up and life will go on, and we won't have to add more debt for our great grandchildren to pay interest on.

Same goes for GM, Citibank and the rest of the bad actors.

Next, fire regulators and those in congress who have failed in their oversight duties.

[HC4BO]

Nationalize them all ...

[apoliticalchick]

They don't call 'em shi**y bank for nothin!

http://democralypsenow.blogspot.com/

[Wrenigade]

Citibank and Bank of America: can you say "functionally insolvent."

Gov't takeover bait! tick...tock. . .tick...tock...

[buckbuck11]

This warms the cockles of my heart! Those miserable th.iev.es have the nerve to raise my rate to nearly 20% on an account that I've had for over 20 years. Of course, if I close the account, the credit companies wipe out the history that goes with that account and my credit score goes down.

I hope citi goes down and goes down hard!

[IhaveaDREAMwhitegirl]

I share your sentiment.

B

A

M

!

[ssg111]

There something wrong with the vast majority of the people on this site. They rejoice in America's decline. They love the collapse of each company. You really are what the Republicans have said all along.

[BonoVox]

Citi will pay me about 1% on a savings account, and then will charge me upwards of 23% interest on a credit card balance. They're in a business of a 22% spread, yet that wasn't good enough, so they created junk products and pedaled them like poisonous peanuts. Justice is a deep American principle, and capitalism should not reward failure. Plus, next time try to include a verb in your opening sentence.

[MsDoc]

OK... try this analogy....

You are giving a party for your friends and relatives. During the parrty one of the guests moves a lighted candle too close to a curtain which then bursts into flames. Pandemonium breaks out. Flames are spreading quickly through the room, endangering the rest of your home.

Do you spend time yelling and screaming at the culprit or do you try to get people to safety and put out the fire and save your home?

Seems to me at least that we had better put out the fire first, and deal with the guilty parties later

[dm10003]

not analogous.

[evilzed]

Bilderburg member lays out timeline before this Crisis as a pre planned crisis to bring in World Govt.
And on time, Gordon Brown sells the One World Currency, One World Bank to the US Congress.
They took it hook line and sinker.
So here it is, The New World Govt. Obama and Brown called for a New World Order http://www.youtube.com/watch?v=R20PQwtPwEE

Brown, Sarkozy, Merkle, Obama, G H Bush, Dobbs, Hanity have all mentioned publically on the Media of the need of having a New World Order, even though its a conspiracy to date.
Well not anymore. http://www.youtube.com/watch?v=Uv5cqh26CC0

The Plan as of 2 years ago. The Bilderburg met and put plans in motion to.
America will see a financial collapse that will take years to get out of.
Russia will be made a great force again and controlled.
Oil will be plunged below $50 a barrel to bankrupt many.
Dubai will start borrowing billions because the workforce will collapse DONE
Iceland will collapse DONE
Latvia will collapse DONE in 2 weeks
Ukraine will collapse HAPPENING
East and Central Europecountries will collapse IN PROGRESS and will be propped up by Germany
Hungary Collapse HAPPENING.
US Stockmarket will blow out COMPLETELY 50%+ LOST SO FAR.
Tax structure in the US will collapse.
Campol Colorado will be the FIRST to fall with FOOD supplies.
Farmers cant grow food anymore (DONE, no crops for next spring accross the USA) as confirmed by 1000s of US farmers.

[evilzed]

Food is now the prime weapon against the people.
Bilderburg plan now is to bypass the preplanned Amero currency strait to a One World Currency.
Put ALL country on the Carbon Tax Scheme to pay more tax direct to the New One World Govt.
Introduce Cashless Society.
Fix every consumer into the Cashless Society Grid.

[FebM]

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

[ClearingtheAir2010]

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

[duckfan00]

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

[vicky83]

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

[WillNYC]

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

[CalvinistHobbesian]

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.

[rockingbeat]

Actually paying it all off at once would be good for your credit, and you'd screw Citibank out of interest payments. If you don't care about your credit score, go ahead and default, but that has consequences for yourself.

[WillNYC]

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.