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C » Topics » 3. BUSINESS SEGMENTS

This excerpt taken from the C 10-Q filed May 11, 2009.

3.     BUSINESS SEGMENTS

        The following table presents certain information regarding the Company's operations by segment:

 
   Revenues, net
of interest expense 		  Provision (benefit)
for income taxes 		  Income (loss) from
continuing operations(1) 		  Identifiable assets  
 
   First Quarter    
    
  
In millions of dollars, except
identifiable assets in billions		   Mar. 31,
2009 		  Dec. 31,
2008(2) 		 
  2009   2008(2)   2009   2008(2)   2009   2008(2)  

Global Cards

   $ 5,765   $ 6,379   $ 58   $ 664   $ 417   $ 1,226   $ 102   $ 114  

Consumer Banking

     6,402     7,791     (1,126 )   (215 )   (1,226 )   52     473     496  

Institutional Clients Group

     9,507     (4,958 )   841     (4,832 )   2,833     (6,357 )   949     1,003  

Global Wealth Management

     2,619     3,279     145     159     261     294     91     99  

Corporate/Other

     496     (50 )   867     285     (675 )   (462 )   208     226  
                                   

Total

   $ 24,789   $ 12,441   $ 785   $ (3,939 ) $ 1,610   $ (5,247 ) $ 1,823   $ 1,938  
                                   
(1)
Includes pretax provisions for credit losses and for benefits and claims in the Global Cards results of $3.1 billion and $1.9 billion; in the Consumer Banking results of $5.2 billion and $3.6 billion; in the ICG results of $1.9 billion and $297 million; and in the GWM results of $112 million and $21 million for the first quarters of 2009 and 2008, respectively.

(2)
Reclassified to conform to the current period's presentation.
This excerpt taken from the C 10-Q filed May 2, 2008.

2.     Business Segments

        The following table presents certain information regarding the Company's operations by segment:

 
   Revenues, net
of interest expense
   Provision (benefit)
for income taxes
   Net income (loss)(1)(2)
   Identifiable assets
 
   First Quarter
    
    
In millions of dollars, except
identifiable assets in billions
   Mar. 31,
2008
   Dec. 31,
2007(3)
  2008
   2007(3)
   2008
   2007(3)
   2008
   2007(3)
Global Consumer   $ 15,207   $ 13,137   $ 493   $ 1,095   $ 1,434   $ 2,593   $ 748   $ 736
Markets & Banking     (4,476 )   8,926     (4,367 )   869     (5,671 )   2,661     1,233     1,233
Global Wealth Management     3,274     2,818     168     251     299     448     112     104
Alternative Investments     (358 )   562     (304 )   138     (509 )   222     67     73
Corporate/Other(2)     (428 )   16     119     (491 )   (664 )   (912 )   40     42
   
 
 
 
 
 
 
 
Total   $ 13,219   $ 25,459   $ (3,891 ) $ 1,862   $ (5,111 ) $ 5,012   $ 2,200   $ 2,188
   
 
 
 
 
 
 
 
(1)
Includes pretax provisions for credit losses and for benefits and claims in the Global Consumer results of $5.8 billion and $2.7 billion; in the Markets & Banking results of $249 million and $254 million; and in the GWM results of $21 million and $17 million for the first quarter of 2008 and 2007, respectively.

(2)
Corporate/Other reflects the restructuring charge of $1.377 billion in the 2007 first quarter. Of this total charge, $942 million is attributable to Global Consumer; $277 million to Markets & Banking; $55 million to GWM; $7 million to Alternative Investments; and $96 million to Corporate/Other. See Note 6 on page 71 for further discussion.

(3)
Reclassified to conform to the current period's presentation.
This excerpt taken from the C 10-Q filed May 4, 2007.

3.     Business Segments

        The following table presents certain information regarding the Company's continuing operations by segment:

 
   Revenues, Net
of Interest Expense
   Provision (Benefit)
for Income Taxes
   Income (Loss)
from Continuing
Operations(1)
   Identifiable Assets
In millions of
dollars, except
identifiable assets
in billions
   First Quarter
   Mar. 31,
   Dec. 31,
  2007
   2006
   2007
   2006(2)
   2007
   2006(2)
   2007
   2006
Global Consumer   $ 13,106   $ 11,955   $ 1,017   $ 847   $ 2,633   $ 3,073   $ 736   $ 702
Markets & Banking     8,957     7,279     947     574     2,621     1,929     1,180     1,078
Global Wealth Management     2,818     2,483     251     136     448     287     70     66
Alternative Investments     562     675     138     111     222     353     12     12
Corporate/Other(3)     16     (209 )   (491 )   (131 )   (912 )   (87 )   23     26
   
 
 
 
 
 
 
 
Total   $ 25,459   $ 22,183   $ 1,862   $ 1,537   $ 5,012   $ 5,555   $ 2,021   $ 1,884
   
 
 
 
 
 
 
 
(1)
Includes pretax provisions (credits) for credit losses and for benefits and claims in the Global Consumer results of $2.7 billion and $1.7 billion and in the Global Wealth Management results of $17 million and $5 million for the 2007 and 2006 first quarters, respectively. Markets & Banking results and Alternative Investments results include a pretax provision of $263 million and $1 million, respectively, for the first quarter of 2007.

(2)
The effective tax rates for the first quarter of 2006 reflect the impact of the resolution of the Federal Tax Audit.

(3)
Corporate/Other reflects restructuring charge of $1.377 billion in the 2007 first quarter. Of this total charge, $942 million is attributable to Global Consumer; $277 million to Markets & Banking; $55 million to Global Wealth Management; $7 million to Alternative Investments; and $96 million to Corporate/Other. See Note 7 on page 92 for further discussions.

89

This excerpt taken from the C 10-Q filed Nov 3, 2006.

4.     Business Segments

        The following table presents certain information regarding the Company's continuing operations by segment:

 
   Revenues, Net
of Interest Expense
   Provision (Benefit)
for Income Taxes(1)
   Income (Loss)
from Continuing
Operations(2)
   Identifiable Assets
 
   Three Months Ended September 30,
    
    
 
   Sept. 30,
2006
   Dec. 31,
2005
In millions of dollars, except
identifiable assets in billions

   2006
   2005
   2006
   2005
   2006
   2005
Global Consumer   $ 12,834   $ 12,321   $ 1,312   $ 1,153   $ 3,195   $ 2,723   $ 659   $ 559
Corporate and Investment Banking     6,067     6,434     598     704     1,721     1,797     994     839
Global Wealth Management     2,486     2,174     177     165     399     306     62     63
Alternative Investments     334     720     70     181     117     339     11     13
Corporate/Other     (299 )   (151 )   (137 )   (39 )   (129 )   (177 )   20     20
   
 
 
 
 
 
 
 
Total   $ 21,422   $ 21,498   $ 2,020   $ 2,164   $ 5,303   $ 4,988   $ 1,746   $ 1,494
   
 
 
 
 
 
 
 
 
   Revenues, Net
of Interest Expense
   Provision (Benefit)
for Income Taxes(1)
   Income (Loss)
from Continuing
Operations(2)
  
 
   Nine Months Ended September 30,
  
In millions of dollars

   2006
   2005
   2006
   2005
   2006
   2005
  
Global Consumer   $ 37,417   $ 36,446   $ 3,559   $ 3,762   $ 9,445   $ 8,463  
Corporate and Investment Banking     20,107     17,627     1,874     1,859     5,373     4,848  
Global Wealth Management     7,461     6,447     489     537     1,033     947  
Alternative Investments     1,593     2,698     319     782     727     1,086  
Corporate/Other     (791 )   (355 )   (381 )   (113 )   (458 )   (510 )
   
 
 
 
 
 
 
Total   $ 65,787   $ 62,863   $ 5,860   $ 6,827   $ 16,120   $ 14,834  
   
 
 
 
 
 
 
(1)
The effective tax rates for the 2006 third quarter reflect the impact of the resolution of the New York Tax Audits. The effective tax rates for the 2006 nine-month period reflect the impact of the resolution of the Federal Tax Audit and the resolution of the New York Tax Audits.

(2)
Results in the 2006 third quarter and nine-month period include pretax provisions (credits) for credit losses and for benefits and claims in Global Consumer of $2.0 billion and $5.3 billion, respectively, in CIB of $107 million and $280 million, respectively, and in Global Wealth Management of $16 million and $29 million, respectively. Alternative Investments recorded a pretax credit of ($13) million for the nine-month period of 2006. The 2005 third quarter and nine-month period include pretax provisions (credits) for credit losses and for benefits and claims in Global Consumer of $2.8 billion and $6.9 billion, respectively, in CIB of $43 million and ($27) million, respectively, in Global Wealth Management of $30 million and $14 million, respectively, in Alternative Investments of ($2) million and ($2) million, respectively, and in Corporate/Other of ($1) million and ($2) million, respectively.

97

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2009
10-Q
May 2, 2008
10-Q
May 4, 2007
10-Q
Nov 3, 2006

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