) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 1.5%. By the end of trading, Citigroup fell $1.04 (-3.6%) to $27.82 on average volume. Throughout the day, 38.4 million shares of Citigroup exchanged hands as compared to its average daily volume of 40.4 million shares. The stock ranged in price between $27.76-$29.20 after having opened the day at $28.88 as compared to the previous trading day's close of $28.86. Other company's within the Banking industry that declined today were:
), down 21.3%,
), down 13%,
), down 11%, and
), down 10.8%.
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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 $83.57 billion and is part of the
sector. The company has a P/E ratio of eight, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Wednesday. Currently there are 13 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.
- Use our banking section to find industry-relevant news.
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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.