Citigroup Inc.

One of the major players in the money center bank industry is the Citigroup Inc.  The Citigroup Inc. was founded in 1812 and is headquartered in New York, New York. The company has been providing a wide range of financial products, as well as services to the different types of consumers across America and all over the world. The consumer arm of the company offers several products like consumer banking, lending, investment and insurance services through its branches. Aside from transactions made at the branch, the Citigroup Inc. also made it easier for the clients to transact business through their network of automated teller machines and automated lending machines.  Its services were further improved by the other methods of transacting business through the Internet, over the phone and by mail. The markets and banking segment of the company offers investment banking as well as securities and provides services to corporate accounts. It also has a wealth management segment which provides portfolio management and investment advice to rich individuals and companies. The company has also alternative investments aside form banking including real estate.

Among its competitors, Citigroup places third in market capitalization but has the most number of employees. Investing in the shares of stock of the Citigroup Inc. is recommended to be buy and hold since projections show that prices will increase in the near future.

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