SAN FRANCISCO (MarketWatch) — Citigroup Inc. Chief Financial Officer John Gerspach said Thursday that future dilution for the bank’s shareholders should be limited. The bank’s share count is currently about 28.5 billion shares, after huge capital raises last year. Several years ago, there were less than 6 billion shares outstanding, Gerspach noted. “The odds of further dilution are fairly small on that scale,” the CFO said. Conversion of further Citi securities into common stock “will have a much smaller impact.” Citi’s share count may climb to roughly 30 billion, he added. The count is unlikely to climb to 31 billion or 32 billion, Gerspach said.
Loading ...
Recent Comments