Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 1.1%. By the end of trading, Citigroup rose $0.96 (1.9%) to $51.73 on average volume. Throughout the day, 22,761,155 shares of Citigroup exchanged hands as compared to its average daily volume of 23,324,800 shares. The stock ranged in a price between $50.78-$51.97 after having opened the day at $50.86 as compared to the previous trading day's close of $50.77. Other companies within the Banking industry that increased today were:
), up 5.4%,
), up 4.6%,
), up 4.2% and
), up 3.8%.
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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 $155.2 billion and is part of the financial sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 28.3% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity, solid stock price performance, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Citigroup Ratings Report.
On the negative front,
), down 6.9%,
), down 6.3%,
), down 4.7% and
), down 3.4% , were all laggards within the banking industry with
) being today's banking industry laggard.
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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.