Bernanke and Company recently enacted a taper postponement,
and this action has put the financial sector into somewhat of a downward
spiral. A few lucky companies made it through the postponement just fine; in
fact, a very select few even experienced a rise. For the most part, though, companies
fell after the news of the postponement hit.
One company that took a particularly hard hit after the
postponement is Citigroup, which fell a whopping 3.2% and reported that its
interest rates and currency businesses could eventually cause a vast reduction
in bond trading. It is also estimated that Citigroup’s earnings will be greatly
reduced this year from what they have been in previous years.
This isn’t to say, however, that there isn’t some hope left
for Citigroup. An improvement in equity trading could turn things around for
the company. Curious (or anxious!) individuals will likely have to wait until
income tax time to see for sure how things will turn out.
Don’t let yourself or your company be put in this situation;
get ready for income tax time by utilizing the
services available through Susan S. Lewis, Ltd. of Naperville. #NapervilleIncomeTax
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