Performance of the stock sector of finance My recommendation of one stock: Citigroup inc. (NYSE: C)
Companies in the finance or finance related sectors Very volatile - Can gain or lose dramatically - Very sensitive to the economy such as policies, people’s expectations Increasing investment opportunities
Goldman Sachs Royal bank of Canada JP Morgan Chase HSBC
It has the world’s largest financial services network Citi Bank is among the largest Bank in the U.S Citi is organized into four major segments Consumer Banking Global Cards, Institutional Clients Group Global Wealth Management
Citi Holdings Assets Down $168 Billion or 23% in 2009, and $351 Billion from Peak Levels Fourth Quarter Net Loss of $7.6 Billion ($0.33 Per Share); $1.4 Billion ($0.06 Per Share) Excluding The Impact of Tarp Repayment and Exit of Loss-Sharing Agreement