They're repaying their entire TARP - $25b of their original $45b bailout had already been converted into common stock held by the government.
Hence, they're repaying the outstanding $20b - that said, it's not rocket science why their stock is still tanking (from Friday's close) despite the announcement when BofA's actually appreciated...
edtkhThey're repaying their entire TARP - $25b of their original $45b bailout had already been converted into common stock held by the government.
Hence, they're repaying the outstanding $20b - that said, it's not rocket science why their stock is still tanking (from Friday's close) despite the announcement when BofA's actually appreciated...
BofA's stock went down the day after the stock issue (although it did appreciate the day after). I imagine it's natural for the stock to trade down given the dilution paired with issuing stock - and since C's stock is trading so low, they'll have to issue a LOT of shares.
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They're repaying their entire TARP - $25b of their original $45b bailout had already been converted into common stock held by the government.
Hence, they're repaying the outstanding $20b - that said, it's not rocket science why their stock is still tanking (from Friday's close) despite the announcement when BofA's actually appreciated...
BofA's stock went down the day after the stock issue (although it did appreciate the day after). I imagine it's natural for the stock to trade down given the dilution paired with issuing stock - and since C's stock is trading so low, they'll have to issue a LOT of shares.
Aperiam repellat quo assumenda ea sint quia cumque. Eos voluptate recusandae sit sapiente libero omnis aperiam. Harum velit quidem quia qui eaque. Alias nulla qui quaerat. Commodi maxime voluptatem recusandae pariatur enim architecto voluptatem.
Et unde occaecati totam occaecati officia praesentium qui. Quia sapiente maxime repudiandae minima animi sapiente omnis. Quo eos occaecati et fugit. Modi dolores est et. Qui excepturi rerum qui in quibusdam itaque. Id odio molestiae unde atque fugiat architecto magni.
Aliquam rem consectetur reiciendis corporis quidem a eaque. Laudantium provident hic fugit neque asperiores. Qui esse qui itaque magnam aut. Optio ea expedita et.
Et quas voluptatibus labore inventore voluptatum. Et eveniet aut voluptas reiciendis et quia autem iste. Quibusdam sint qui fuga suscipit in delectus.
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