Citigroup's Troubled Tale of the Tape
The hits keep on coming at Citigroup. The firm's stock is now trading at $6.40, a 24% drop in six and one-half hours of trading Wednesday. Here's a by-the-numbers look at the latest goings-on at the bank.
$34.48 billion
Citigroup's current market capitalization.
$126 billion
Citigroup's market capitalization in April.
$178.59 billion
Citigroup's market capitalization one year ago.
$80 billion
The value of risky "legacy" assets that Citigroup is moving off its trading portfolio and into its investment portfolio or marked "available for sale." These assets include collateralized debt obligations, leveraged loans, mortgage securities and auction-rate securities, according to Bernstein Research. They likely would have qualified to be bought by the government under the first TARP plan to buy
troubled assets.
$8 billion
The value of legacy assets Citigroup kept in its trading portfolio.
$3.5 billion
The estimated fourth-quarter writedown that Citigroup might have to take on those $80 billion of assets when it transfers them, according to Bernstein Research.
$2.8 billion
Citigroup's most recent loss, in the third-quarter.
$2.2 billion
Citigroup's loss in the second quarter.
$9.83 billion
Citigroup's loss in the first quarter.
-$54,155
Citigroup's net income per employee.
-17.51%
Citigroup's return on equity — a measure of management effectiveness — as of Sept. 30.
15.23%
Citigroup's return on equity as of Sept. 30, 2007.
$800 million
The price that Citigroup paid to acquire Old Lane, Vikram Pandit's hedge fund.
$165.2 million
What Vikram Pandit earned from the sale.
$202 million
Citigroup's first-quarter writedown on Old Lane. The bank closed the fund in June.
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