Citigroup

Enclosed you will find some analysis some a company that I recommend investing in. Citigroup is a very profitable company that has displayed steady financial issue since 1998 to become the largest bank in the world. Economic Analysis: I think the economy is growing and a definite indicator of this emerging condition is the Federal Reserves actions of increasing the meridian rate one hundred basis points everyplace the noncurrent 5 months from 4% to 5%. The Dow Jones has increased by 3.999%, the NASDAQ by 6.18%, and the S&P 500 by 3.805%, which is a steady indicator of an increasing economy that has taken place since the November presidential elections. Industry Analysis: Citigroup is grouped in the Finance and coronation industry, in the Commercial Banking sector. Citigroup had the highest margin of profits in US corporate history by making $49 one thousand million in profits every single day in 2003. Citigroup is the worlds largest bank and was recently voted as the most value financial services company in the world by 1,000 CEOs of organizations ranging over 25 different countries. Company Profile: Citigroup was create when Citicorp and Travelers merged in 1998. Citigroups headquarters are located in New York and the CEO is Charles O. Prince III and the CFO is Sallie L. Krawcheck.

Citigroup offers products from credit cards, summation management, investment banking, lending, and securities brokers and traders, insurance, and domestic banking. Citigroup is a mega cap stock that is traded on the NYSE under the ticker symbol C. The companys deuce-ace largest competitors are J.P. Morgan Chase and Co., Bank of America Corp., and Deutsche Bank AG and all of these banks are grouped under the SIC principle of 6021. Compared to its competitors, Citigroup ranks #1 in sales, total assets, and market cap. Citigroup finished the 2003 fiscal year with $94.7 billion in sales and 2004 sales are pacing to finish at $106.2 billion. Citigroups net income has increased over 32% since... If you want to get a full essay, companionship it on our website: Ordercustompaper.com

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