Financial Firms Still Prefer Twitter To Facebook, Says Report [STUDY]

Twitter has maintained its position as the most popular social networking site for U.S. financial institutions, says a new study.

In its Social Media Leaders report, Corporate Insight discovered that at the end of 2011, some 92 percent of the financial companies tracked had a presence on Twitter, up from 51 percent in 2010.

By comparison, 88 percent of the financial organisations monitored had a presence on Facebook in 2011, rising from 57 percent the year before.

The study covered a range of financial companies, including banks, brokerages, credit card issuers and insurance companies.

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