This is the first 1,000 characters of 572 words (2.29 pages) in the essay titled Citigroup
Enclosed you will find some analysis about a company that I recommend investing in. Citigroup is a very profitable company that has displayed steady financial growth since 1998 to become the largest bank in the world.
I think the economy is growing and a definite indicator of this emerging condition is the Federal Reserves actions of increasing the prime rate one hundred basis points over the past 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 strong indicator of an increasing economy that has taken place since the November presidential elections.
Citigroup is grouped in the Finance and Investment industry, in the Commercial Banking sector. Citigroup had the highest margin of profits in US corporate history by making $49 million in profits every single day in 2003. Citigroup is the world’s largest bank and was recently voted as the most re...
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