Why Citigroup (C) Is Down Today

Update (4:30 p.m. EST): Updated with closing price, day high and low prices, price change and volume information.

NEW YORK (TheStreet) -- Citigroup  (C) fell 4.35% to $52.60, down $2.39 from its previous close of $54.99, at the close of the trading day on Thursday after the company announced fourth-quarter earnings that fell short of analysts' expectations.

The stock had a volume of 62,865,140, nearly three times its average of 21,429,700. It hit a high of $53.56 and a low of $52.35.

Citigroup reported quarterly net income jumped to $2.7 billion, or 85 cents a share, from the same period a year earlier, while revenue dipped slightly to $17.8 billion. After accounting for adjustments and one-time items, Citigroup's earnings drop to $2.6 billion, or 82 cents a share.

Analysts had anticipated earnings of 95 cents a share and revenue of $18.2 billion.

TheStreet Ratings team rates CITIGROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate CITIGROUP INC (C) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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."

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