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 was unchanged today. By the end of trading, Citigroup fell $0.73 (-1.4%) to $50.61 on average volume. Throughout the day, 25,229,325 shares of Citigroup exchanged hands as compared to its average daily volume of 30,607,600 shares. The stock ranged in price between $50.50-$51.36 after having opened the day at $51.00 as compared to the previous trading day's close of $51.34. Other companies within the Banking industry that declined today were: Jacksonville Bancorp ( JAXB), down 8.0%, Bank of South Carolina Corporation ( BKSC), down 6.7%, Mitsubishi UFJ Financial Group ( MTU), down 6.3% and Sumitomo Mitsui Financial Group ( SMFG), down 5.6%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $152.4 billion and is part of the financial sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 29.8% 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, National Bank of Greece ( NBG), down 18.3%, CMS Bancorp ( CMSB), down 10.3%, Old Second Bancorp ( OSBC), down 10.0% and Credit Suisse ( DGAZ), down 9.4%.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

SEC's Cyber-Gaffe Highlights Risk of Trump Budget Cuts at Agency

China's Banks Halt Business With North Korea Per United Nations Sanctions

Why Hurricanes Won't Force the Fed to Ditch a December Rate Hike

Fed Pares $4.5 Trillion Balance Sheet But Easy-Money Era Isn't Over

Bank Stocks Move Higher as Fed Decides to Start Unwinding Balance Sheet