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

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 higher today making it today's featured banking winner. The industry as a whole closed the day up 1.1%. By the end of trading, Citigroup rose $1.56 (3.4%) to $47.00 on average volume. Throughout the day, 38,540,974 shares of Citigroup exchanged hands as compared to its average daily volume of 30,397,400 shares. The stock ranged in a price between $46.12-$47.34 after having opened the day at $46.16 as compared to the previous trading day's close of $45.44. Other companies within the Banking industry that increased today were: Patriot National Bancorp ( PNBK), up 8.5%, Home BancShares ( HOMB), up 7.8%, Bank of Ireland (Governor & Co of ( IRE), up 6.7% and Anchor Bancorp ( ANCB), up 6.4%.
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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 $142.6 billion and is part of the financial sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Monday. Currently there are 19 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, attractive valuation levels, good cash flow from operations, 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.

On the negative front, Carver Bancorp ( CARV), down 7.1%, Intermountain Community Bancorp ( IMCB), down 6.1%, Cordia Bancorp ( BVA), down 5.5% and Oconee Federal Financial ( OFED), down 5.3%.

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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