Citigroup Inc (C): Today's Featured Banking Laggard

Citigroup (C) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Citigroup fell 72 cents (-2.7%) to $25.88 on light volume. Throughout the day, 30.2 million shares of Citigroup exchanged hands as compared to its average daily volume of 40.5 million shares. The stock ranged in price between $25.85-$26.26 after having opened the day at $26.26 as compared to the previous trading day's close of $26.59. Other company's within the Banking industry that declined today were: Village Bank and Trust Financial Corporatio (VBFC), down 28.8%, Broadway Financial (BYFC), down 13.4%, Carver Bancorp (CARV), down 9.5%, and Guaranty Federal (GFED), down 9%.

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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 $79.46 billion and is part of the financial sector. The company has a P/E ratio of 7.6, below the average banking industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 1.1% year to date as of the close of trading on Thursday. Currently there are 13 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.

• You can view the full Citigroup Ratings Report.

• Use our banking section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF (KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng (KRS).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Citigroup Inc click any of the following:

• Citigroup Inc Stock Price

• Citigroup Inc Analyst Ratings

• Citigroup Inc Key Stats & Profile

• Citigroup Inc Earnings

• Citigroup Inc Ratio Comparison

• Citigroup Inc Growth Rates

• Citigroup Inc Balance Sheet

• Citigroup Inc Cash Flow

• Citigroup Inc Income Statement