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 0.4%. By the end of trading, Citigroup fell $1.02 (-2.2%) to $46.24 on average volume. Throughout the day, 38.3 million shares of Citigroup exchanged hands as compared to its average daily volume of 34.3 million shares. The stock ranged in price between $45.91-$46.56 after having opened the day at $46.03 as compared to the previous trading day's close of $47.26. Other companies within the Banking industry that declined today were: Royal Bancshares of Pennsylvania ( RBPAA), down 9.8%, Macatawa Bank Corporation ( MCBC), down 7.8%, Broadway Financial ( BYFC), down 6.3%, and Guaranty Federal ( GFED), down 5.9%.
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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 $144.22 billion and is part of the financial sector. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are up 19.5% year to date as of the close of trading on Friday. 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 buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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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