) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 4.9%. By the end of trading, Citigroup Inc rose $2.24 (8.9%) to $27.48 on average volume. Throughout the day, 72.6 million shares of Citigroup Inc exchanged hands as compared to its average daily volume of 56.8 million shares. The stock ranged in a price between $26.27-$27.50 after having opened the day at $26.87 as compared to the previous trading day's close of $25.24. Other companies within the Banking industry that increased today were:
), up 306.7%,
Carver Bancorp Inc
), up 306.7%,
), up 18.5%, and
), up 18.5%.
Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services. The company operates through two segments, Citicorp and Citi Holdings. Citigroup Inc has a market cap of $73.24 billion and is part of the
sector. The company has a P/E ratio of 6.9, above the average banking industry P/E ratio of 6.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 46.6% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates Citigroup as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management 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.