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 $0.69 (-1.4%) to $48.60 on average volume. Throughout the day, 26,936,848 shares of Citigroup exchanged hands as compared to its average daily volume of 30,603,100 shares. The stock ranged in price between $48.29-$49.34 after having opened the day at $49.28 as compared to the previous trading day's close of $49.29. Other companies within the Banking industry that declined today were: OptimumBank Holdings ( OPHC), down 7.1%, Broadway Financial ( BYFC), down 5.9%, Bank of Ireland (Governor & Co of ( IRE), down 5.9% and Pathfinder Bancorp ( PBHC), down 5.6%.
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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 $146.4 billion and is part of the financial sector. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are up 24.6% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 3 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, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Bank VA Chesterfield ( BOVA), down 13.5%, Cordia Bancorp ( BVA), down 13.5%, Plumas Bancorp ( PLBC), down 9.8% and FNB United ( FNBN), down 9.3%.

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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