University:
Nova Southeastern University
Course:
FIN 2000 | Personal Finance
Academic year:

2022
Views:

31

Pages:

2
Author:

ilikemyicons0y5

B. Vision and Mission Statement Vision We believe that excellence in consulting requires client advocacy and stewardship, a passion for leading-edge investment solutions and the delivery of experienced consulting services in a way that helps us exceed our clients expectations every day. Mission Statement Citi works tirelessly to serve individuals, communities, institutions and nations. With 200 years of experience meeting the world’s toughest challenges and seizing its greatest opportunities, we strive to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. An institution connecting over 1,000 cities, 160 countries and millions of people, we are your global bank; we are Citi. The four key principles-the values that guide us as we perform our mission-are: Common Purpose – One team, with one goal: serving our clients and stakeholders. Responsible Finance – Conduct that is transparent, prudent and dependable. Ingenuity – Enhancing our clients’ lives through innovation that harnesses the breadth and depth of our information, global network, and world-class products. Leadership – Talented people with the best training who thrive in a diverse meritocracy that demands excellence, initiative and courage. N. Profitability Trends First Quarter 2021 Results and Key Metrics Citigroup Inc. today reported net income for the first quarter 2021 of $7.9 billion, or $3.62 per diluted share, on revenues of $19.3 billion. This compared to net income of $2.5 billion, or $1.06 per diluted share, on revenues of $20.7 billion for the first quarter 2020. Revenues decreased 7% from the prior-year period, as higher revenues in Investment Banking and Equity Markets were more than offset by lower rates, the absence of prior year mark-to-market gains on loan hedges within the Institutional Clients Group (ICG), and lower card volumes in Global Consumer Banking (GCB). Net income of $7.9 billion increased significantly from the prior-year period driven by the lower cost of credit. Earnings per share of $3.62 increased significantly from the prior-year period, reflecting the increase in net income, as well as a slight decline in shares outstanding.

Bank Analysis About Citi Bank

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