Citigroup Inc (C): Today's Featured Financial Winner
(
) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.9%. By the end of trading, Citigroup rose $0.86 (1.8%) to $48.53 on light volume. Throughout the day, 20,935,992 shares of Citigroup exchanged hands as compared to its average daily volume of 30,706,900 shares. The stock ranged in a price between $47.77-$48.58 after having opened the day at $48.25 as compared to the previous trading day's close of $47.67. Other companies within the Financial sector that increased today were:
Credit Suisse
(
DOIL
), up 21.0%,
(
), up 17.7%,
Credit Suisse
(
UOIL
), up 16.9% and
First Federal Bancshares of Arkansas
(
), up 13.8%.
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 $146.5 billion and is part of the banking industry. Shares are up 20.5% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Citigroup
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Citigroup Ratings Report.
On the negative front,
(
), down 11.8%,
Anworth Mortgage Asset Corporation
(
), down 11.7%,
(
), down 10.2% and
Ellington Residential Mortgage REIT
(
), down 8.8% , were all laggards within the financial sector with
(
) being today's financial sector laggard.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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