Tuesday, April 10, 2012
Measuring Up Citigroup and Bank of America- (New York Times) K and G Limousine
According to an article from the New York Times "Bank of America used to be the stock Wall Street loved to hate. Citigroup, on the other hand, was supposed to be the troubled bank that had finally gotten its act together. Those familiar roles have been reversed in 2012, however, and with bank earnings season set to start later this week, investors will be closely watching to see how the two banks match up. The two have plenty in common. Both giants were forced to turn to the government for help in the wake of the financial crisis in 2008, and both have chief executives who have spent much of their tenure cleaning up the messes they inherited. Both companies have also had to issue significant amounts of new stock to raise capital that solidified their balance sheets but left their shares at a fraction of precrisis highs. Citigroup and Bank of America also face the risk of a credit downgrade by the ratings agency Moody’s Investors Service in mid-May." This is interesting, K & G Limousine has worked with executives from those banks. K & G Limousine is the most reliable source in New York for a reliable and affordable limousine service. We have provided the best service for many years. K & G Limousine will give you the best service in New York.
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