The banking industry closed the day up 2.4%. Northern States Financial ( NSFC), Old Second Bancorp Inc ( OSBC), Flagstar Bancorp Inc ( FBC), and Dearborn Bancorp Inc ( DEAR) were all winners today within the banking industry with Citigroup Inc ( C) being today's featured banking winner. Citigroup Inc rose $1.95 (7%) to $29.88 on average volume. Throughout the day, 75 million shares of Citigroup Inc exchanged hands as compared to its average daily volume of 53.4 million shares. 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 $82.9 billion and is part of the financial sector. The company has a P/E ratio of 8.8, below the average banking industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 40% year to date as of the close of trading on Monday. 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, a generally disappointing performance in the stock itself and poor profit margins.
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