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Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding
vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their
interest
rates aren't even that high?????? Let alone their operating
expenses!

LOL. You really are clueless.

Well, then SHOW ME where Citigroup has made 34% profit.

They made 18.8% profit. But that's beside the point. You stated
that
"their interest rates aren't even that high"...implying that they
could
earn a profit that was only as high as their interest rate
(whatever
that
is).

This shows ignorance on multi-levels.

Surprise surprise
give it a shot, asshole. Show me how Citigroup makes profits in the
range of 35%. You should really consider talking to the biggest
corporations in the US, they'd love to know your secret!

Here's an example of Net Income/Revenue at 25.9%. Maybe there was,
maybe
there wasn't a quarter where they hit 35%. Don't know, don't care.

You don't seem to understand that they can possibly make greater than
their
domestic lending rates. They're into much more than just lending
money.

Link to the above data:

http://www.citigroup.com/citigroup/p...04/041014a.htm

Bill wasn't talking about the percentage of increase, he was talking
about the percentage of profit, period. Two entirely different things.

If you read the link carefully and divide the Net Income by the Revenue
you
will find that the results are 25.9%. I wasn't referring to year over
year
or sequential increases

$5.31B Revenue / $20.5B = 25.9%.

And that equals 34% how?

The only reason I posted those figures is that earlier in this thread you
couldn't believe that a banking company could have profits any higher than
the interest rates they charge.

That's it, nothing less, nothing more.