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

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.

Citigroup ( C) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Citigroup fell 46 cents (-1.3%) to $35.57 on light volume. Throughout the day, 25.3 million shares of Citigroup exchanged hands as compared to its average daily volume of 39.2 million shares. The stock ranged in price between $35.36-$35.84 after having opened the day at $35.83 as compared to the previous trading day's close of $36.03. Other companies within the Banking industry that declined today were: Porter Bancorp ( PBIB), down 12.3%, Carolina Trust Bank ( CART), down 10%, OptimumBank Holdings ( OPHC), down 7.4%, and First Financial Service Corporation ( FFKY), down 6.9%.
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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 $104.9 billion and is part of the financial sector. The company has a P/E ratio of 15, below the S&P 500 P/E ratio of 17.7. Shares are up 36% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Citigroup a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Citigroup as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Southern Connecticut Bancorp ( SSE), up 13.6%, Credit Suisse ( DGAZ), up 10.4%, Peoples Financial Corporation ( PFBX), up 6.7%, and United Community Bancorp ( UCBA), up 6.7%, were all gainers within the banking industry with Huntington ( HBAN) being today's featured banking industry leader.

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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