  |
|||
|
|
|
||
|
Posted by Daniel Workman Jul 28, 2007 |
Citigroup is the world's biggest bank.
Revenues from Citigroup operations outside the United States rose 34% to some US$13.5 billion, while net income from international markets surged by 35% to US$3.3. billion. Record revenues from Asian and European markets propelled both achievements, which surpassed analyst expectations.
A financial superstar in global trade, Citigroup does business in more than 100 countries. Services range from credit cards and consumer banking to merger consulting and stock underwriting.
The New York-based company set the foundation for stellar international results by making some US$10 billion in acquisitions focused on faster-growing geographies.
Citigroup is well-diversified to take advantage of superior financial industry opportunities around the world.
Ironically, Citigroup's share price (C on NYSE) has declined to around US$47 on July 27. The stock has a 4.4% dividend. This presents an international trade investment opportunity of a different type, as in buying a quality stock at a low price.