Citigroup is a Dow Jones Company and is listed in the NYSE / NASDAQ / S&P 500. It is one of the leading corporations in the American stock market. Buying shares of Citigroup in the long term is considered a sound investment. With the current economy, however, it is always risky in buying a single company stock like Citigroup, and diversification is more important. Below is a description and profile of the Citigroup company:
Citigroup Inc. is a diversified global financial services holding company whose businesses provide a range of financial services to consumer and corporate customers. Corporate Investment Banking consists of capital markets and banking and transaction services. Global Wealth Management consists of Smith Barney, private bank and Citigroup Investment Research. The company operates through four segments: Global Cards, Consumer Banking, Institutional Clients Group, and Global Wealth Management. It also offers transaction services, such as cash management services, trade services, custody and fund services, clearing services, and agency and trust services. The Company is a bank holding company. In March 2008, Citigroup reorganized its consumer group into two global businesses: Consumer Banking and Global Cards. Consumer Banking operates in four divisions: consumer finance, retail distribution, retail banking and commercial business. Retail Banking consists of Citigroup’s retail bank branches, small and middle market commercial banking, investment services, retirement services, real estate lending, personal loans and sales finance.
As you can see, Citigroup is a leading company in its industry. Buying Citigroup Stocks should only be done after extensive research and analysis of the company’s earning, stock price, and future earnings potential.
Buy Citigroup Stocks In This Economy