US Banking Sector Endeavors Recovery - Industry Report Featuring Citigroup Inc. and Bank of America Corporation

HONG KONG, Feb. 25 /CNW/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Bank of America Corporation (NYSE: BAC) and Citigroup Inc. (NYSE: C). Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com.  

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. 

World Street Fundamentals has highlighted Citigroup Inc. because of its globally diversified portfolio and wide customer base across consumers, corporations, governments and institutions. Citi's Net interest revenue increased 10% from the third quarter of 2009, primarily driven by the impact from the adoption of SFAS 166/167. Sequentially, Citi's net interest margin (NIM) of 3.07% decreased by 8 basis points primarily due to the continued run-off and sales of higher-yielding assets in Citi Holdings and investments in lower-yielding securities, given current rates. To read the report on Citigroup Inc. (NYSE: C), visit www.WorldStreetFundamentals.com

Bank of America Corporation acquired Merrill Lynch & Co., Inc. (Merrill Lynch) and, as a result, holds one of the largest wealth management businesses in the world with over 16,700 financial and wealth advisors, an additional 3,000 client-facing professionals and more than $2.1 trillion in net client assets. Bank of America remains a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  

To view fundamental and technical analysis on these two industry leaders we encourage investors to visit: www.WorldStreetFundamentals.com

About World Street

World Street Fundamentals is an online portal for professionals, investors and new-comers to the markets to find in depth comprehensive research and research tools to help guide you through the ever changing financial markets around the world. Covering the top performers in the hottest sectors and providing clarity to investors around the world.

SOURCE World Street Fundamentals

For further information:

Adam Redford
editor@worldstreetfundamentals.com
www.WorldStreetFundamentals.com

Organization Profile

World Street Fundamentals

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890