Citigroup Inc (C): Today's Featured Banking Loser - TheStreet

Citigroup

(

C

) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.5%. By the end of trading, Citigroup fell 71 cents (-2.6%) to $26.39 on heavy volume. Throughout the day, 68 million shares of Citigroup exchanged hands as compared to its average daily volume of 41.1 million shares. The stock ranged in price between $25.62-$26.74 after having opened the day at $26.46 as compared to the previous trading day's close of $27.10. Other company's within the Banking industry that declined today were:

1st Century Bancshrs

(

FCTY

), down 12.4%,

Barclays

(

BCS

), down 12.1%,

Oak Ridge Financial Services

(

BKOR

), down 11.4%, and

Royal Bank of Scotland Group

(

RBS

), down 10%.

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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 $78.38 billion and is part of the

financial

sector. The company has a P/E ratio of 7.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 1.6% 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

hold

. 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.

On the positive front,

Ohio Legacy Corporation

(

OLCB

), up 13.5%,

CMS Bancorp

(

CMSB

), up 12.8%,

First Federal Bancshares of Arkansas

(

FFBH

), up 9.1%, and

Green Bankshares

(

GRNB

), up 8.2%, were all gainers within the banking industry with

Banco Santander

(

SAN

) being today's featured banking industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider

KBW Bank ETF

(

KBE

) while those bearish on the banking industry could consider

ProShares Short KBW Regional Bankng

(

KRS

).

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