MACAU -- (Marketwire) -- 06/09/11 -- Today, www.EquityMarketsInc.com announced its research report highlighting Citigroup Inc. (NYSE: C) and Bank of America Corporation (NYSE: BAC). Full content and research is available at www.EquityMarketsInc.com/research.php.
The United States banking industry is still questionable even though we have seen a sizeable recovery in recent quarters and several catalysts are to blame: asset quality is in check, tight regulations and banks tightening their belts, and worst of all the continued rise of residential and commercial foreclosures and loan defaults.
Better news is that while low liquidity, loan demand and revenues continue to plague the financial system, help from the government has kept the industry relatively stable. Banks are aggressively playing "catch-up" concentrating on problem credits in residential and commercial real estate and the government has raised the bar providing substantial capital and debt guarantees.
Equity Markets has reviewed Citigroup Inc. because it is a global diversified financial services holding company. Citigroup businesses provide consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2010, the Company had approximately 200 million customer accounts and did business in more than 160 countries and jurisdictions. In recent news, on February 1, 2011, Citigroup acquired Maltby Acquisitions Limited (Maltby). First quarter 2011 top-line results were driven by strong fixed-income trading results, which offset continuing weakness in consumer banking. The full research report on Citigroup Inc. (NYSE: C) is available here: www.EquityMarketsInc.com/researchfile4634.php.
Equity Markets is covering Bank of America as a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. In April 2011, the Company merged its corporate and investment banking divisions. It is recorded that the company's revenues rebounded sharply in the first quarter, up nearly 15% from fourth quarter levels, on strong trading results. Pre-provision net revenues jumped 33.6% from the fourth quarter, faster than most peers. The full research report on Bank of America Corporation (NYSE: BAC) is available here: www.EquityMarketsInc.com/researchfile4891.php.
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