|
Citigroup ranks No. 14 on FORTUNE's 2006 Global 500
(Fortune) -- Citigroup (Charts) ranks no. 14 on FORTUNE's Global 500 this year, with $131.0 billion in revenues, up 21% from the previous year. The New York, New York-based company was ranked no. 16 on the 2005 list. Its 2005 profits were $24.6 billion, up 44.3% from a year earlier. 2005 was a banner year for most Global 500 companies. It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP. In the Banks: Commercial and Savings industry, profits were up 24.4% from the previous year. The world's biggest companies in the sector are: Fortis (Charts), ranked no. 18 on the Global 500 with $112.4 billion in revenues; and HSBC Holdings (Charts), ranked no. 26 on the Global 500 with $93.5 billion in revenues; and BNP Paribas (Charts), ranked no. 34 on the Global 500 with $85.7 billion in revenues; and UBS AG (Charts), ranked no. 36 on the Global 500 with $84.7 billion in revenues. The Global 500 list is an annual ranking of the world's largest corporations by revenues. Next: Full list: 2006 Global 500 at http://money.cnn.com/global500 Plus: See Citigroup's Global 500 details, including financial stats and contact information. Europe's top 50 Asia's top 50 |
|