Citigroup Inc (C): Today's Featured Financial Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.5%. By the end of trading, Citigroup rose $0.64 (1.2%) to $52.99 on light volume. Throughout the day, 18,415,402 shares of Citigroup exchanged hands as compared to its average daily volume of 30,450,200 shares. The stock ranged in a price between $52.16-$53.00 after having opened the day at $52.38 as compared to the previous trading day's close of $52.35. Other companies within the Financial sector that increased today were:
(
), up 21.9%,
China Housing & Land Development
(
), up 13.8%,
(
), up 12.0% and
(
), up 11.6%.
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 $160.3 billion and is part of the banking industry. Shares are up 32.3% year to date as of the close of trading on Friday. 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, revenue growth, attractive valuation levels, 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 15.1%,
Millennium India Acquisition Corporation
(
), down 11.8%,
(
), down 9.2% and
(
), down 7.4%.
- 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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