Citigroup

Citigroup CITIGROUP Citigroup is a diversified global service holding company. It has 200 million customers in over 100 countries. Some very exciting news that has recently taken place was the buying of stakes in a bank in China. Citibank was given the right to buy up to 24.9% of the Shanghai Pudong Development Bank Co. If Citigroup fully exercises the option, it will be the first foreign bank to own more than 20% in a Chinese lender. Citigroup will also be allowed to buy additional stakes every April 30 in 2006, 2007, and 2008. They can extend the buying to 2010 if they want. There are a lot of people in China. Citigroup will be exposed to all of those people. If the two banks also put a credit card center, it will help Citigroup out even more. The only risk Citigroup has that I can see is the price-to-book ratio. You want that to be below one or not much over one and the company’s ratio is 2.6. That is a good bit over one. The grade for citigroup, stock, over, buy, bank, very, think, right, people, one, grade, because, stakes, should, ratio, now, much, help, growth, good, financial, feel, exposed, company, chinese, china, buying, 3915, years, whole, well-known, unless, undervalued, two