Citigroup Inc (C): Today's Featured Banking Laggard
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 Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 2.1%. By the end of trading, Citigroup fell $1.36 (-2.7%) to $48.24 on average volume. Throughout the day, 29,715,084 shares of Citigroup exchanged hands as compared to its average daily volume of 28,168,200 shares. The stock ranged in price between $48.16-$49.34 after having opened the day at $48.84 as compared to the previous trading day's close of $49.60. Other companies within the Banking industry that declined today were:
(
), down 9.5%,
(
), down 9.1%,
(
TheStreet Recommends
), down 9.1% and
(
), down 8.5%.
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 $151.5 billion and is part of the financial sector. Shares are up 26.0% year to date as of the close of trading on Monday. Currently there are 17 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 good cash flow from operations. 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 positive front,
(
), up 12.8%,
(
), up 7.6%,
Emclaire Financial Corporation
(
), up 6.7% and
(
), up 3.1%.
- Use our banking section to find industry-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 banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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