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Citigroup Inc

Citigroup Inc. is a pre-eminent financial services company, with some 200 million customer accounts in more than 100 countries. Their  history dates back to the founding of Citibank in 1812 Citigroup, Inc., through its subsidiaries, provides financial services to consumer and corporate customers worldwide. Chuck Prince is the Chief Executive Officer of Citigroup. He serves as a member of the Citigroup Management Committee. Citigroup Inc is a publicly traded company having a good stock performance result. Beazer Citigroup Inc is a fortune 500 stock listed company trading under the symbol C.



On 20, 2006 Citigroup Inc reported net income for the fourth quarter of 2005 of 6.93 billion dollars, or 1.37 dollars per share. The return on common equity was 25.0 percent. And the net income includes a 2.1 billion dollars after-tax gain on the sale of asset management, which closed in the fourth quarter. Income from continuing operations was 4.97 billion dollars, or 0.98 dollars per share. The net interest revenue was 39.3 billion dollars in 2005 which was down 2.3 billion dollars or 6 percent from 2004. This, in turn, was up by 4.3 billion dollars or 12 percent from 2003. Increases in business volumes during 2005 were more than offset by spread compression, as the Company’s cost of funding increased more significantly than the rates on interest-earning assets. Rates on the Company’s interest-earning assets were impacted during the year by competitive pricing as well as business mix shifts. Total commissions, asset management and administration fees, and other fee revenues of 23.3 billion dollars were up 1.8 billion dollars or 8 percent. The 2004 amount of 21.5 billion dollars was up by 1.3 billion dollars or in other words 6 percent from 2003. The 2005 increase mainly reflected improved global equity markets, higher transactional volume and continued strong investment banking results. Insurance premiums of 3.1 billion dollars in 2005 were up 406 million dollars or rather 15 percent from 2004 and up by 271 million dollars or 11 percent in 2004 as compared to 2003. The 2005 increase primarily represents higher business volumes.


As the company moves in to 2006 we see significant opportunities for them to grow their franchises. They are already increasing the pace of their distribution expansion and working to provide customers with a more integrated set of products and services, yet a more simplified experience.

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