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Rank # of Fortune 500 Companies
Texas	58
New York	55
California	52

Company	Rank
Valero Energy	16
Goldman Sachs	20
Microsoft	44

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FAQ and methodology

Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More

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100 Best Companies to Work For

FORTUNE 500

Our annual ranking of America's largest corporations

8 of 1000

8. Citigroup

Get Quote: C

Financials: Latest Results

Rank: 8 (Previous rank: 8)
Compare tool: Citigroup vs. Top 10
CEO: Vikram S. Pandit
Address: 399 Park Ave.
New York, NY 10043
Phone: 212-559-1000
Website: www.citigroup.com

Risky subprime loans delivered a huge blow to the financial services giant. The mortgage meltdown forced Citigroup to post the worst fourth-quarter loss in its 196-year history: $10 billion. The company also had to write down $18.1 billion on mortgage-backed securities and cut its dividend by 41%. Chief Executive Charles Prince was shown the door, and the company's shares fell 47%, making it the worst-performing Dow Jones industrial average component in 2007.

To solidify its balance sheet, Citi has raised about $20 billion since November from investors in Abu Dhabi, Singapore and New Jersey.

	$ millions	% change from 2006
Revenues	159,229.0	8.5
Profits	3,617.0	-83.2
Assets	2,187,631.0	—
Stockholders' equity	113,598.0	—
Market value (3/28/2008)	109,255.4	—

Profits as % of
Revenues	2.3
Assets	0.2
Stockholders' equity	3.2

Earnings per share
2007 $	0.72
% change from 2006	-83.3
1997-2007 annual growth rate %	-5.5

Total return to investors	%
2007	-44.5
1997-2007 annual rate	4.1

Industry: Commercial Banks

Rank	Company	500 rank	Revenues ($ millions)
1	Citigroup	8	159,229.0
2	Bank of America Corp.	9	119,190.0
3	J.P. Morgan Chase & Co.	12	116,353.0


4	Wachovia Corp.	38	55,528.0
5	Wells Fargo	41	53,593.0
6	U.S. Bancorp	122	20,308.0
7	Capital One Financial	130	18,965.5
8	Bank of New York Mellon Corp.	172	14,798.0
9	SunTrust Banks	193	13,464.6
10	State Street Corp.	225	11,818.0
11	National City Corp.	226	11,791.3
12	Regions Financial	245	10,753.8
13	BB&T Corp.	250	10,668.0
14	PNC Financial Services Group	264	9,956.0
15	Fifth Third Bancorp	307	8,494.0
16	KeyCorp	321	7,873.0
17	Marshall & Ilsley Corp.	425	5,745.2
18	Northern Trust Corp.	447	5,395.1
19	Comerica	501	4,618.0
20	M&T Bank Corp.	509	4,477.8
21	Synovus Financial Corp.	511	4,462.8
22	Popular	571	3,822.5
23	Zions Bancorp.	589	3,617.7
24	Huntington Bancshares	610	3,419.6
25	Commerce Bancorp	643	3,179.7
26	First Horizon National Corp.	650	3,165.9
27	Colonial Bancgroup	964	1,742.7

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Show: Top 50 | 25 Most Profitable | Fortune 500 | Citigroup

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This company was bailed in 2005 already

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FORTUNE 500

Our annual ranking of America's largest corporations