Are Citigroup Inc(NYSE:C) and JPMorgan Chase & Co.(NYSE:JPM) Making Sound Investments and Sales?
New York, NY – GDP INSIDER – 10/07/2014.
This article discusses two of the largest financial services firms in the world: Citigroup Inc. and JPMorgan Chase & Co.
Citigroup Inc(NYSE:C) announced Oct. 2nd that it had extended a $1.4 billion-league wide credit facility to the National Hockey League. The financing will provide all fourteen participating franchises over $100 million in credit facilities. Citigroup’s confidence in its investment can be reflected partially by the continuing growth of the league and the seemingly inevitable expansion of the NHL into growing US and Canadian markets like Seattle and Quebec City.
Additionally, Citigroup announced Oct. 3rd that it had entered into a research partnership with the Oxford Martin School, a research community associated with the world-famous University of Oxford. The purpose of the partnership is the analyze the “the most pressing global challenges of the 21st century.”
JPMorgan Chase & Co.(NYSE:JPM) announced Oct. 1st that it would be presenting at the Bank of America Merrill Lynch Banking & Financial Services Conference. The presentation will be made by Chief Executive Officer Doug Petno on November 12th, 2014 at The Pierre Hotel in New York City. The company’s press release did not disclose the details of the presentation, but one would expect for Petno to discuss the company’s direction and the industry.
On Oct. 3rd, JPMorgan Chase & Co. also announced that it had completed the sale of parts of its physical commodities business to Mercuria Energy Group Limited. Despite the sale, the company announced it will continue to participate in the commodities markets by providing traditionl banking activities.
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