DALLAS, Nov. 8, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Citigroup Inc. (NYSE:C). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Citigroup Inc. (C) is a global financial services company, providing consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management. As of December 31, 2009, Citigroup had approximately 200 million customer accounts and did business in more than 140 countries. Citigroup operates through two primary business segments: Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP). In May 2010, the Company announced the creation of a new Collateral Management Services unit within its Securities and Fund Services business.
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In the report, the analyst notes:
"Citigroup reported third quarter 2010 net income of $2.2 billion or $0.07 per diluted share, marking its third consecutive quarterly operating profit. Citigroup income from continuing operations, which excludes an $800 million pre-tax ($435 million after-tax) loss on the previously-announced sale of The Student Loan Corporation (SLC), was $2.6 billion or $0.08 per diluted share in the third quarter 2010."
"Terra Firma Capital Partners Ltd. founder Guy Hands on Thursday lost his court case accusing Citigroup of tricking him into overpaying for music company EMI. A jury in a U.S. District Court jury in Manhattan unanimously decided that Citigroup investment banker David Wormsley did not deceive the Terra Firma into buying EMI at an inflated price during the May 2007 bidding for the music label."
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