The New York Stock Exchange (NYSE) has it’s early roots in moving the war debt of the Revolutionary War. That’s right, we’re talking 1790. The federal government refinanced it’s debt into bonds (a whopping $80 million, can we say Bill Gate’s dryer change?) which were publicly traded securities. By 1792 two bank stocks were added [...]
Recently the US government converted its preferred shares which it acquired as part of the TARP fund (which was to pay a 5% dividend for the first 5 years and 9% dividend after the initial 5 years) to common stock. If Citigroup held the shares for 10 years it would have paid out 17.5 billion [...]
A stock market ETF is are index funds or trusts that are listed on the stock exchange and can be traded just like any other stock. They are setup by large investors who take blocks of the holdings investments and divides them into single shares. These shares can be bought and sold intraday, bought on [...]
The market cap of a stock is simply the multiplication of the number of outstanding shares by the price per share. The market cap is essentially the cost of the whole corporation if you were to try and buy every share (without the price changing.) It’s good to note the market cap of a company [...]