$116,000,000,000 compared to $62,936,000,000 tangible assets in september 08, according to Yahoo Finance data. And they are making a killing this quarter, which will be announced in mid October.
I would suggest you take a look at the Q2 income statement if you think they'll do great next qtr.
$11B of their $30B revenues in Q2 was due to a one time sell of Smith Barney. It'll drop back down to the $17B range at best in Q3.
Operating expenses are $12B.
And then Loan loss provisions were over $12B. If it weren't for the sale of SB, C would have had a huge loss.
$17B - $24B = -$7B loss.
bio <<OCT 15TH WILL BE UGLY. PLEASE REMIND ME HOW WRONG I AM ON THAT DAY OK?>>
How can Citigroup possibly report losses in a quarter where home sales went up, auto sales went up, and stock prices went up? Add to that the fact that delinquencies are being controlled whereby only 1 of 12 deliquents now default as compared to 1 in 6 earlier in the year.