Industry: Money Center Banks
Fortune Rank: 12
For the nine months ended 30 September 2005, Citigroup Inc.'s interest income increased 19% to $55.38B. Net interest income after loan loss provision decreased 11% to $23.58B. Net income from continuing operation increased 36% to $14.83B. Net interest income reflects increased loans and securities, offset by increased deposits and borrowings. Higher income reflects higher transaction income.
Citigroup Inc. is a diversified global financial services holding company whose businesses provide a range of financial services to consumer and corporate customers with more than 200 million customer accounts doing business in more than 100 countries. The Company's activities are conducted through the Global Consumer, Global Corporate and Investment Bank (GCIB), Global Wealth Management, Global Investment Management (GIM) and Proprietary Investment Activities business segments. Global Consumer delivers an array of banking, lending, insurance and investment services. GCIB provides a range of financial products and services. Global Wealth Management is comprised of the Smith Barney Private Client and Global Equity Research businesses and the Citigroup Private Bank. GIM offers life insurance, annuities and asset management products. Proprietary Investment Activities is comprised of Citigroup's private equity investments and other investment activities.
Citigroup Inc achieved revenue of $108,785.00 million in 2010 but posted a loss of $-1,606.00 million.
Citigroup Inc remains solid in 12
Citigroup Inc is one of the minority of companies, who ranking on the Fortune 500 list remained stable in 2010, retaining 12th position that is achieved in 2009. This identical ranking was based on its 2009 revenue of $112,372 million (a change of -4 million compared to 2010) and profits of $-27,684 million (a change of 26 million compared to 2009).
Another point of view
To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Citigroup Inc would be ranked 480th rather than 12th due to the fact it made a loss of $-1,606 million in 2010.
|Citigroup Inc||Revenue*||Profit*||Fortune Ranking|
* US$ Million
399 Park Avenue
- Citigroup Inc
- Contact Details