Citigroup Inc (C): Today's Featured Banking Winner

Citigroup ( C) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 1.5%. By the end of trading, Citigroup rose $1.02 (3.9%) to $27.30 on average volume. Throughout the day, 51.5 million shares of Citigroup exchanged hands as compared to its average daily volume of 40.8 million shares. The stock ranged in a price between $26.35-$27.60 after having opened the day at $26.60 as compared to the previous trading day's close of $26.28. Other companies within the Banking industry that increased today were: Hampton Roads Bankshares ( HMPR), up 23.1%, National Bank of Greece ( NBG), up 13.6%, First Financial Service Corporation ( FFKY), up 12.5%, and Northeast Community Bancorp ( NECB), up 10.3%.

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 $75.62 billion and is part of the financial sector. The company has a P/E ratio of 7.2, below the average banking industry P/E ratio of 7.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 0.1% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Citigroup a buy, three analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Citigroup as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income, 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 banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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