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Real Estate News Releases
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(CHARTPOPPERS.COM, December 31, 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)
Both Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) completed their plans to repay debt under the Troubled Asset Relief Program (TARP) which will leave both banks in a stronger position at the end of the day.
The federal governmentÂ’s rescue of the American banking system has provided emergency support for banks, but with the mixed messages that the government is sending to the banking industry, both Wells Fargo and Citigroup are probably better off without help from tax payers.
Consider CitigroupÂ’s payment of $20 billion of TARP funds on Wednesday. Citigroup used private capital and the proceeds from a stock issuance to pay off the TARP funds. The Treasury Department plans to sell its 33% stake in the bank during 2010. Wells Fargo & Co also recently repaid its debt under TARP.
The announcement from Citigroup and Wells Fargo could have come too soon. In addition to Bank of AmericaÂ’s pay-off of bailout funds, the repayment of funds by Citigroup and Wells Fargo have returned $136 billion of the $245 billion outstanding in bailout money ahead of schedule.
Citigroup CEO Vikram Pandit said that the bank has a “debt of gratitude” to taxpayers but that the bank will be strengthened after its repayment of TARP. However, not everyone agrees with Pandit. A New York Times article recently said that the bank’s “moves will result in a $10.1 billion hit to Citigroup’s fourth-quarter results. … The new stock offering, meanwhile, will severely dilute the value of existing Citigroup shares.”
CitigroupÂ’s repayment will also free the bank from being under certain compensation restrictions for its executive issued by the Treasury Department. Citigroup feared that compensation limitations placed on the bank by paymaster Kenneth Feinberg would cause its top executive to be scooped up by other banks with better offers. Fortunately for Citigroup, the Treasury Department said on Christmas eve that the bank would no longer be under the direction of Feinberg beginning in 2010.
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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
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com 
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