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Our annual ranking of America's largest corporations

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8. Citigroup
Citigroup
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.

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
Revenues 2.3
Assets 0.2
Stockholders' equity 3.2
2007 $ 0.72
% change from 2006 -83.3
1997-2007 annual growth rate % -5.5
2007 -44.5
1997-2007 annual rate 4.1
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
From the May 5, 2008 issue
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