Citigroup (C) Still a

NEW YORK (TheStreet) -- Citigroup (C) has been reiterated as a "buy" with a ratings score of B, according to TheStreet Ratings team.

By midafternoon Monday, shares have climbed 2% to $49.24. Trading volume of 14.8 million was around half its three-month daily average of 31.1 million. 

Year to date, the stock has taken off 5.4%.

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

"We rate CITIGROUP INC (C) a BUY. This is driven by some important positives, 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 impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • CITIGROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CITIGROUP INC increased its bottom line by earning $4.33 versus $2.47 in the prior year. This year, the market expects an improvement in earnings ($5.00 versus $4.33).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Diversified Financial Services industry. The net income increased by 125.0% when compared to the same quarter one year prior, rising from $1,196.00 million to $2,691.00 million.
  • Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • C, with its decline in revenue, underperformed when compared the industry average of 13.4%. Since the same quarter one year prior, revenues slightly dropped by 5.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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