Citigroup Inc

(

C

) pushed the Financial sector lower today making it today's featured Financial loser. The sector as a whole closed the day down 2.2%. By the end of trading, Citigroup Inc fell 96 cents (-3.9%) to $23.50 on average volume. Throughout the day, 58.6 million shares of Citigroup Inc exchanged hands as compared to its average daily volume of 55.4 million shares. The stock ranged in price between $23.30-$24.10 after having opened the day at $24.08 as compared to the previous trading day's close of $24.46. Other company's within the Financial sector that declined today were:

Northern States Financial

(

NSFC

), down 27.5%,

Dearborn Bancorp Inc

(

DEAR

), down 23.8%,

Millennium India Acquisition Company Incor

(

SMCG

), down 12.7%, and

United Security

(

UBFO

), down 12.6%.

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 $73.09 billion and is part of the

banking

industry. 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 48.3% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Citigroup as a

hold

. 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.

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

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

null