S&P 500
7,741.60
+0.08%
Dow Jones
53,829.00
+0.02%
Nasdaq 100
29,640.40
+0.26%
Russell 2000
3,033.37
+0.16%
FTSE 100
10,837.30
+0.03%
Nikkei 225
67,665.70
+0.72%

Investing

Citigroup At $55: A Break-Up Analyst Hits The Number

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

In September 2005, the chief analyst at BankStocks ran a break-up model on Citigroup (C).

Based on the work, Citi would be broken into four companies and each would be a listed company: 1) the consumer bank, Citibank, 2) Salomon Brothers would be the croporate and investment banking company, 3) CitiGlobal which would have the internationa consumer business, and Smith Barney which would take the individual wealth management and private banking business.

The idea made some sense. The stock was trading at $45 at the time, and BankStocks said that number would be $56 in a break-up.

Citi did not break up, but the analysis became, in essence, a forecast, and a good one. Citi now trades just below $55.

Douglas A McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

Contact [email protected] for any questions or corrections.

This is a paid advertisement for BluSky AI Regulation A offering. Please read the offering circular at https://invest.bluskyaidatacenters.com/

Compensation disclosure. 24/7 Wall St., a brand of Flywheel Publishing, is paid $4.5 or each click on the promotional links in this article. This compensation is paid to us by Launch Potato LLC in connection with the Regulation A offering of BluSky AI. The per-click rate is fixed and is not subject to volume thresholds, conversion bonuses, or other adjustments. Our compensation does not depend on whether any reader invests, on the amount invested, or on whether the offering succeeds. Because compensation depends on click volume and the campaign has no fixed end date, the total amount we receive is not determinable in advance. Rate stated as of 8/8/26.

24/7 Wall St. and its affiliates hold no securities in BluSky AI. We do not endorse this offering or any statement made in the offering materials, and nothing here is a recommendation to invest. This promotional content was supplied or approved by the issuer and was not produced by our editorial staff.

BluSky AI  is conducting an offering under Regulation A of the Securities Act of 1933. Offers and sales may be made only by means of the qualified offering circular. Read it in full, including the risk factors, before investing: https://www.sec.gov/Archives/edgar/data/1416090/000149315226023491/form253g1.htm. All BlueSky AI  filings are available at https://www.sec.gov/edgar/browse/?CIK=1416090. Qualification of an offering statement by the SEC does not mean the SEC has approved the offering or passed on the merits or accuracy of the offering materials.

This is a speculative investment. The securities are illiquid, there is no public trading market for them, investors should be prepared to hold indefinitely, and investors should be prepared to lose the entire amount invested. Past performance does not predict future results. Forward-looking statements are estimates subject to substantial uncertainty.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Why Breaking Up Citigroup (C) Makes No Sense

Citigroup (C) got a cash infusion of $7.5 billion from the investment arm of the Abu Dhabi government which seems…

Douglas A. McIntyre |

The Idea Of Breaking Up The Largest Banks Gains Ground

Former Fed chief Paul Volker has argued that America’s largest banks should be broken up to prevent a situation in which another…

Douglas A. McIntyre |

Finding Solutions To Avoid Small Business Bankruptcies

The trouble in the business world is not just confined to big companies and banks which get covered on the…

Douglas A. McIntyre |

24/7 Wall St. 2007 Break-Up Values: Citigroup $65 (Current Price $54.75)

By Ryan Barnes. Edited By Douglas A. McIntyre Citigroup (C ); Price $54.75; Break-up Value $65 Much has been written,…

Jon C. Ogg |

Will Financial Reform Be Legitimate? (AIG, GE, GS, JPM, BAC, FNM, FRE)

Congressman Barney Frank and Senator Chris Dodd are not wasting any time after health care reform.  In a press conference…

Douglas A. McIntyre |

The Large US Companies That May Disappear In 2008

Firestone. American Motors. Texaco. Pan Am. Worldcom. At one point or another these large American companies were at the top…

Douglas A. McIntyre |

Breaking The Banks With A New “Sin Tax”

Regulators in the US and Europe are still sifting through a variety of programs that would create a tariff on…

Douglas A. McIntyre |

A Split-Up Of Bond Insures Would Hurt Banks (MBI)(ABK)

If muni-bond insurers like Amback (NYSE: ABK) and MBIA (NYSE:MBI) are forced to break into two pieces, some banks could…

Douglas A. McIntyre |

The Grim Reaper Comes For Washington Mutual (WM)

Over the last year, shares in Washington Mutual (WM) are down more than Lehman (LEH). It is distinction that defiles…

Top Gaining Stocks

KKR
KKR • Vol: 8,319,583
Axon Enterprise
AXON • Vol: 1,494,220
Apollo Global Management
APO • Vol: 5,785,745
Jabil
JBL • Vol: 1,443,292
Marathon Petroleum
MPC • Vol: 3,183,068

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Ventas
VTR • Vol: 4,890,102
Datadog
DDOG • Vol: 4,419,836
Honeywell
HON • Vol: 5,436,294
Welltower
WELL • Vol: 3,315,064