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
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