Citigroup Inc (C): Today's Featured Financial Winner
Citigroup (C) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.1%. By the end of trading, Citigroup rose 23 cents (0.8%) to $27.15 on average volume. Throughout the day, 48.3 million shares of Citigroup exchanged hands as compared to its average daily volume of 43.2 million shares. The stock ranged in a price between $26.08-$27.17 after having opened the day at $26.51 as compared to the previous trading day's close of $26.92. Other companies within the Financial sector that increased today were: SYSWIN (SYSW), up 18.9%, Power REIT (PW), up 14.1%, CD International (CDII), up 11.5%, and Gleacher (GLCH), up 10.9%. Citigroup Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. Citigroup has a market cap of $76.97 billion and is part of the banking industry. The company has a P/E ratio of 7.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Citigroup a buy, three analysts rate it a sell, and four rate it a hold. TheStreet Ratings rates Citigroup as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself.
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