) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 1.3%. By the end of trading, Citigroup fell $1.01 (-3.7%) to $26.01 on light volume. Throughout the day, 29.6 million shares of Citigroup exchanged hands as compared to its average daily volume of 43.1 million shares. The stock ranged in price between $25.98-$26.61 after having opened the day at $26.51 as compared to the previous trading day's close of $27.02. Other company's within the Banking industry that declined today were:
), down 15.4%,
), down 11.3%,
), down 10.9%, and
), down 10.6%.
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 $77.61 billion and is part of the
sector. The company has a P/E ratio of 7.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.6% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Citigroup a buy, three analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Citigroup as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself.
- You can view the full Citigroup Ratings Report.
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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
- Find other investment ideas from our top rated ETFs lists.