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 down 0.2%. By the end of trading, Citigroup fell 49 cents (-1.1%) to $42.34 on average volume. Throughout the day, 38.3 million shares of Citigroup exchanged hands as compared to its average daily volume of 40.5 million shares. The stock ranged in price between $41.92-$42.83 after having opened the day at $42.83 as compared to the previous trading day's close of $42.83. Other companies within the Banking industry that declined today were: Credit Suisse ( DGAZ), down 12.3%, Cascade Bancorp ( CACB), down 11.7%, Waterstone Financial ( WSBF), down 10.6%, and Royal Bancshares of Pennsylvania ( RBPAA), down 9.4%.
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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 $123.28 billion and is part of the financial sector. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Citigroup a buy, two analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Citigroup as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

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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