Citigroup May 2, 1999. The world's biggest credit card company and one of its biggest insurers have joined forces to create the biggest financial services company, Citigroup. Citigroup forming from the merger of Citicorp and Travelers Group, has retained Travelers red umbrella logo, from beneath which it will offer credit cards, banking, insurance, and investment services in almost 100 countries. It also offers brokerage services, mutual funds, property/casualty insurance, retirement products, and real estate services. Its one year sales are $80.133 billion, compared to $6.067 billion for the industry. Its one year income is $7.203 billion, compared to $501 million for the industry. Citigroup's one year sales growth was 35.7%, compared to the industry average of 24.5%. Income growth was 127.7%, while the industry was 10.5%. How has the stock performed over the past year? Very well, posting a 19.9% growth, which outdid the rest of the bank stocks by 87%! It seems with all the fundamentals that have been written about Citigroup, the next two years should be very good for investors. My price target for the company by the end of year 2000 is $125-$150 per share. Many years ago they asked the famous bank robber Willie Sutton why he robbed banks. He said, "That's where the money is." I think that this writer is going to take Willie's advice, but I don't have to rob any banks to make money, not with Citigroup. I own shares of Citigroup. George

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