Today's Pre-Market Trading Very Positive For Citigroup (C)
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Citigroup as such a stock due to the following factors:
- C has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $934.7 million.
- C traded 57,112 shares today in the pre-market hours as of 8:33 AM.
- C is up 2.3% today from yesterday's close.
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More details on C:
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The stock currently has a dividend yield of 0.4%. C has a PE ratio of 12. Currently there are 13 analysts that rate Citigroup a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Citigroup has been 18.8 million shares per day over the past 30 days. Citigroup has a market cap of $161.3 billion and is part of the financial sector and banking industry. The stock has a beta of 1.45 and a short float of 1.4% with 2.56 days to cover. Shares are down 0.5% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Citigroup as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 51.0% when compared to the same quarter one year prior, rising from $2,841.00 million to $4,291.00 million.
- 36.95% is the gross profit margin for CITIGROUP INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 19.83% trails the industry average.
- After a year of stock price fluctuations, the net result is that C's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
- CITIGROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CITIGROUP INC reported lower earnings of $2.19 versus $4.25 in the prior year. This year, the market expects an improvement in earnings ($5.55 versus $2.19).
- You can view the full Citigroup Ratings Report.
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