Citigroup 10-K 2007
Documents found in this filing:
The following are the six regions in which Citigroup operates. The regional results are fully reflected in the product results.
Comparison of Five-Year Cumulative Total Return
The following graph compares the cumulative total return on Citigroups common stock with the S&P 500 Index and the S&P Financial Index over the five-year period extending through December 31, 2006. The graph assumes that $100 was invested on December 31, 2001 in Citigroups common stock, the S&P 500 Index and the S&P Financial Index and that all dividends were reinvested.
SIGNIFICANT ACCOUNTING POLICIES AND SIGNIFICANT ESTIMATES
SEGMENT, PRODUCT AND REGIONAL NET INCOME
The following tables show the net income (loss) for Citigroups businesses on a segment and product view and on a regional view:
CITIGROUP NET INCOMESEGMENT AND PRODUCT VIEW
NM Not meaningful.
CITIGROUP NET INCOMEREGIONAL VIEW
NM Not meaningful.
Citigroups Global Consumer Group provides a wide array of banking, lending, insurance and investment services through a network of 8,110 branches, approximately 18,800 ATMs, and 809 Automated Lending Machines (ALMs), the Internet, telephone and mail, and the Primerica Financial Services salesforce. Global Consumer serves more than 200 million customer accounts, providing products and services to meet the financial needs of both individuals and small businesses.
U.S. Consumer is comprised of four businesses: Cards, Retail Distribution, Consumer Lending and Commercial Business.
U.S. Cards is one of the largest providers of credit cards in North America, with more than 150 million customer accounts in the United States, Canada and Puerto Rico. In addition to MasterCard (including Diners), Visa, and American Express, U.S. Cards is the largest provider of credit card services to the oil and gas industry and the leading provider of consumer private-label credit cards and commercial accounts on behalf of merchants such as The Home Depot, Federated, Sears, Dell Computer, Radio Shack, Staples and Zales Corporation.
Revenues are primarily generated from net interest revenue on receivables, interchange fees on purchase sales and other delinquency and servicing fees.
U.S. Retail Distribution
U.S. Retail Distribution provides banking, lending, investment and insurance products and services to customers through 972 Citibank branches, 2,469 CitiFinancial branches, the Primerica Financial Services (PFS) salesforce, the Internet, direct mail and telesales. Revenues are primarily derived from net interest revenue on loans and deposits, and fees on banking, insurance and investment products.