Citigroup Inc. (NYSE: C) today announced that it has appointed Demot Boden as its new chief brand officer. Boden was earlier working as chief marketing officer with LG. He will report to Edward Skyler, the bank�s executive vice president for public affairs.
Citigroup has also been placed at the top of the bailed out banks� list. The banking company had received a bailout package of $476.2 billion. Bank of America has been named as the second biggest recipient. The government has been criticized for giving undue advantage to the bigger banks. These banks were provided the access to cheaper credit during the financial crisis.
Citigroup is a global financial services company. It provides a wide range of financial products and services. The company caters to various parties including individuals, corporations and governments. Citigroup has divided its business into two categories viz. Citi Holdings and Citicorp. The company operates as a global bank of individuals and corporations. Its various offerings include debt sales, equity trading, private banking and fund services. It also provides advisory, local consumer lending and assets management. Citigroup has about 200 million customer accounts. The banking company is operational in 140 countries globally. It was formed in 1812. Citigroup is based out of New York.
The company stock is currently trading at $4.41, up 0.34% from its previous close. Citigroup stock opened at $4.45 and touched the high of $4.46. The stock�s lowest price in today�s session is $4.40. The company stock�s EPS is $0.36. The company stock has traded in the range of $3.53 and $5.15 during the past 52 weeks. The company�s market cap is $127.99 billion and its P/E ratio is 12.39.
Citigroup reported its total cash assets at $437.126 billion for the year ending Dec 31, 2010. Its total assets were worth $1913.902 billion for the same time period. Citigroup had valued its total liabilities at $1750.434 billion. The company had reported its revenue at $55.063 billion and its gross profit for the year at $55.063 billion. Citigroup�s net income for the year stood at $10.602 billion.
is scheduled to announce its fiscal first-quarter results on April 18, 2011.
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