Wednesday’s Market Action Close 3.58
There are three Gaps open up between Mar 11 and Aug 5, 2009 at 1.45/3.29 the near term resistance is 3.63, support 3.50., and the 50 day (EMA) exponential moving average is 3.10. This is Citigroup, Inc. (C): Citi is perhaps the largest financial services firms on the planet, Citigroup, AKA Citi, has about 3,000 bank branches and consumer finance offices in the US and Canada, + more than 2,000 additional locations in a 100 other countries. Citi is the first US bank to come with more than US$1T in assets, Citi offers deposits and loans, mainly through Citibank, investment banking, brokerage, wealth management, alternative investments, and other financial services. Former CEO Chuck Prince resigned in 2007 as Citi deals with some $60 billion in write downs and losses on mortgagerelated securities and other investments. Robert Rubin, Key Advisor/Director recently announced his resignation. The Competitive Landscape Demand for banking services is tied to economic activity and interest rates levels. The profitability of individual banks depends on marketing, efficient operations, and competent risk management. Large economies of scale exist in some segments of the industry, which has experienced consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is about US$300,000 Banks and Credit Unions Industry Forecast
The output of US banks and credit unions growth forecast is a question. Industries W here Citigroup Competes Banking Money Center Banks (primary) Financial Services Asset Management Investment Banking Lending
Citigroup, Inc. (HQ) Chief Exec. Officer, Director Vikram S. Pandit 399 Park Ave. New York, NY 10043 United States Phone: 212-559-1000 Toll Free: 800-285-3000 http://www.citigroup.com
Citigroup Subsidiaries and Affiliates Grupo Financiero Banamex, S.A. de C.V. Bank Handlowy w Warszawie S.A.
Published on Aug 6, 2009