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Citi Leads Banks' Snow-Day Bounce-Back

The KBW Bank Index (I:BKX) on Friday rose 0.8% to 69.47, with all but two of the 24 index components ending with gains.

Citigroup's shares returned 32% during 2013, following a 51% during 2012.  The shares trade for 9.6 times the consensus 2015 earnings estimate of $5.56 a share, among analysts polled by Thomson Reuters.  The consensus 2014 EPS estimate is $5.26.

State Street returned 59% during 2013, following a return of 19% during 2012.  The shares trade for 12.7 times the consensus 2015 EPS estimate of $5.90.  The consensus 2014 EPS estimate is $5.25.

The following chart shows the performance of Citigroup and State Street over the past 12 months, against the KBW Bank Index and the S&P 500 (^GSPC):

C Chart data by YCharts


- - Written by Philip van Doorn in Jupiter, Fla.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.
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