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 1.1%. By the end of trading, Citigroup fell $0.58 (-1.2%) to $47.75 on light volume. Throughout the day, 18,052,870 shares of Citigroup exchanged hands as compared to its average daily volume of 29,419,300 shares. The stock ranged in price between $47.68-$48.42 after having opened the day at $48.12 as compared to the previous trading day's close of $48.33. Other companies within the Banking industry that declined today were: National Bank of Greece ( NBG), down 5.8%, Royal Bancshares of Pennsylvania ( RBPAA), down 5.5%, First Business Financial Services ( FBIZ), down 5.4% and Macro Bank ( BMA), down 5.2%.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. Citigroup has a market cap of $147.1 billion and is part of the financial sector. Shares are down 7.2% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 6 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, notable return on equity and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Bank Bradesco ( BBDO), up 4.5%, Cordia Bancorp ( BVA), up 4.2%, Patriot National Bancorp ( PNBK), up 3.2% and Southcoast Financial ( SOCB), up 3.1%.

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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