Chartpoppers.com releases a timely Investment Overview on Citigroup Inc.

(CHARTPOPPERS.COM, December 28, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Citigroup Inc. (NYSE: C)

The Consolidated Investment Analysis on Citigroup Inc. (NYSE: C) will be in particular interest to other competing companys within in its sector, such as Bank of America (NYSE: BAC), JP Morgan Chase ( NYSE: JPM) and Ameican International Group (NYSE: AIG)

Citigroup Inc. (Citigroup), incorporated in 1988, is a global diversified financial services holding company. The Company is engaged in providing a range of financial services to consumers and corporate customers. As of May 4, 2009, Citigroup had more than 200 million customer accounts and did business in more than 140 countries.

Recent News on Citigroup Inc. (NYSE: C)

When the Treasury Department shelved its plans to sell $5 billion of Citigroup Inc. (C) common stock in a public offering last week, the news came only two days after the bank had said the sale was a go. The delay was a reminder that predicting the future can be a tough exercise.
So imagine how difficult it must be for Citigroup to predict the amount of taxable income it will generate during the next20 years.
If you think its executives can do that, then you just might believe the $38 billion net value for an item on Citigroup's balance sheet called deferred-tax assets, which represent 27 percent of the company's shareholder equity. Keep in mind, this is the same Citigroup that didn't see the credit crunch coming until it was too late, and wouldn't have survived without a government rescue.
Deferred-tax assets generally consist of tax-deductible losses and expenses carried forward from prior periods, which companies can use to reduce future tax bills. The catch is they are valuable only to companies that are making money and paying income taxes.
Citigroup probably will record its second straight annual net loss, according to the average estimate of analysts surveyed by Bloomberg. It reported a $27.7 billion loss for 2008, which eclipsed its previous two years of earnings. The way it's been able to keep those assets on its books is by assuming it will earn enough taxable income in the future so it can use them all.
Otherwise, it would have to write them down by recording an offsetting reserve called avaluation allowance. This is where Citigroup's recent assumptions look awfully bold.
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To view the Consolidated Investment Analysis on Citigroup Inc. (NYSE: C) Please visit the stock pulse page at www.chartpoppers.com

In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.

The full report is available at www.chartpoppers.com

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