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bac vs. c

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raphael arbelaez

on 29 April 2010

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Transcript of bac vs. c

Bank of America (BAC) Citigroup (C) World's largest holding bank company
One of world's largest asset-based lenders
Strong geographical presence in all 50 U.S. states and the District of Columbia, as well as in 44 foreign countries
Serves over 55 million consumer and small business clients
Acquired Merrill Lynch
Serves clients in more than 150 countries
Has a relationship with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500
Company holds 12.2% of all U.S. deposits
Located on 100 North Tryon St., 18th Fl Charlotte North Carolina 28255
one of the world's largest diversified financial services firms
Citigroup was formed from one of the world's largest mergers in history
split into Citi Corp and Citi Holdings
holds over 200 million customer accounts in more than 140 countries
approximately 16,000 offices worldwide
employs approximately 300,000 staff around the world
located on 399 Park Avenue New York City New York 10043

Thank You! Resession: Durring the resession both BAC and C lost money.
BAC lost so much money that they needed to get bailed out by the government.
They received about $45 billion from the government.
They are both in negative numbers and have negative net income and total revenue.
Both have lost value in stock and the prices have lowered and have stayed low. Stock Prices: BAC= $18. 69 per stock
C= $4.97 per stock BAC: C:
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