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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Citigroup ( C) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Citigroup fell $1.00 (-1.8%) to $53.72 on average volume. Throughout the day, 20,929,169 shares of Citigroup exchanged hands as compared to its average daily volume of 21,787,000 shares. The stock ranged in price between $53.44-$54.66 after having opened the day at $54.46 as compared to the previous trading day's close of $54.72. Other companies within the Banking industry that declined today were: Credit Suisse ( DGAZ), down 15.7%, OptimumBank Holdings ( OPHC), down 10.0%, Broadway Financial ( BYFC), down 5.5% and CNB Financial Corporation ( CCNE), down 5.4%.

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 $167.4 billion and is part of the financial sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 5.0% year to date as of the close of trading on Friday. Currently there are 15 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 solid stock price performance, compelling growth in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. 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 positive front, Teche ( TSH), up 28.8%, Credit Suisse ( UGAZ), up 16.1%, Mackinac Financial Corporation ( MFNC), up 10.9% and Howard Bancorp Inc Md ( HBMD), up 8.8%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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