Citigroup (C) Leading In Pre-Market Activity

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.

Trade-Ideas LLC identified Citigroup ( C) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Citigroup as such a stock due to the following factors:

  • C has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $1.3 billion.
  • C traded 56,792 shares today in the pre-market hours as of 7:59 AM.
  • C is up 3.1% today from yesterday's close.

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More details on C:

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. The stock currently has a dividend yield of 0.1%. C has a PE ratio of 11.3. Currently there are 13 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Citigroup has been 30.6 million shares per day over the past 30 days. Citigroup has a market cap of $143.3 billion and is part of the financial sector and banking industry. The stock has a beta of 2.27 and a short float of 1.3% with 1.39 days to cover. Shares are down 11.3% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Citigroup as a buy. 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, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:
  • 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 $4.25 versus $2.46 in the prior year. This year, the market expects an improvement in earnings ($4.66 versus $4.25).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 105.3% when compared to the same quarter one year prior, rising from $1,196.00 million to $2,456.00 million.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 12.1%. Since the same quarter one year prior, revenues slightly dropped by 4.7%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Commercial Banks industry and the overall market, CITIGROUP INC's return on equity is below that of both the industry average and the S&P 500.

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