Citigroup Inc (C): Today's Featured Banking Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.1%. By the end of trading, Citigroup rose 40 cents (1.1%) to $37.29 on average volume. Throughout the day, 39.8 million shares of Citigroup exchanged hands as compared to its average daily volume of 37 million shares. The stock ranged in a price between $37.02-$37.70 after having opened the day at $37.27 as compared to the previous trading day's close of $36.89. Other companies within the Banking industry that increased today were:
Rurban Financial
(
RBNF
), up 11.2%,
(
), up 9.7%,
First Financial Service Corporation
(
TheStreet Recommends
), up 9.6%, and
(
), up 8.8%.
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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 $110.61 billion and is part of the financial sector. The company has a P/E ratio of 10.9, below the average banking industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 43.4% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Citigroup a buy, two analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Citigroup as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Citigroup Ratings Report.
On the negative front,
(
), down 9.3%,
(
), down 9.3%,
(
), down 7.1%, and
Emclaire Financial Corporation
(
), down 7%, were all laggards within the banking industry with
(
) being today's banking industry laggard.
- 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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