Citibank - A fluctuating Ride
Company Information:
Citigroup Inc. (Citigroup) is a diversified global financial services holding company whose businesses provide a range of financial services to consumer and corporate customers. Citigroup is a bank holding company. As of March 31, 2008, Citigroup was organized into four major segments: Consumer Banking, Global Cards, Institutional Clients Group and Global Wealth Management. In March 2008, Citigroup reorganized its consumer group into two global businesses: Consumer Banking and Global Cards. In May 2008, the Company has reorganized its equity and debt business in Japan. Nikko Citigroup Ltd, the Company’s Japan investment banking unit, merged its equity and debt underwriting teams into one.
Stock Information :
What is the stock symbol for Citigroup? C
Company website - http://www.citigroup.com
Click here for the current Citigroup stock price.
My opinion:
Treasary is having 7 % share in citibank. So definately , they will make sure , Citibank and her decision makers work and take proper decisions.
Currently due to market fluctuation , stock is running at around $6.5 to $7.
In last two month , Citi share saw low of $3.20 and high of $9.0.
My opinion is wait and hold these shares.It will definately give profit on longer run.
Note: (Again market investment is subject to own risk.)
