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SMF Blogs > Fundamental Analysis > March 2009 > C Citigroup confirms in 8-K first two months of 2009 were profitable

C Citigroup confirms in 8-K first two months of 2009 were profitable

 

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In Form 8-K filing, co says Tier 1 ratio will remain at 11.9% as of Dec. 31, 2008, assuming participation in preferred exchange announced approx 2 weeks ago.

Citi claims tangible common equity "could increase to as much as $81 billion."

Bank performs own stress test using assumptions that are more pessimistic that the Fed has outlined and is confident about capital strength.

Co is profitable through first two months of 2009 and claims to have "best quarter-to-date performance since the third quarter of 2007." In January and February alone, revenues excluding externally disclosed marks were $19 bln.


 

Prepare yourself for the "New Economy"


 
Posted: 3/10/2009 7:53:44 AM by StockMarketFunding | with 0 comments


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