Citigroup Inc (NYSE:C) is in full turn around mode


Dallas, Texas 08/06/2013 (Financialstrend) – Citigroup Inc (NYSE:C) had recently been gaining in share prices with the recent announcement on the results for the financial performance for the quarter ended on June 30, 2013. It had further been announced by the company that the dividend payments would be made to the shareholders at the rate of one cent per share for this quarter. The dividends would be paid on August 23, 2013 and the stock had started to trade ex dividend since the break of this month of August 2013. It is worth noting that the bank holding company had paid the same rate of dividend to its shareholders for the 11th consecutive quarter.

The mixed results presented in the housing industry and in the automobile markets had recently been turning all the attention to the related sector of financial services. It is believed that Citigroup Inc (NYSE:C) is still in full turn around mode and with the shares presently trading at levels closer to the 52 week high prices, the stock proves to present higher potential for upside movements in the near future. It is expected that the bank holding company would move to make marginal gains in the upcoming trading sessions to present significant returns to the investors.

Citigroup Inc (NYSE:C) had closed at $52.87 per share on Monday, a loss of 0.25% over the previous close. The stock witnessed a trading volume of 10.71 million shares on the day moving between low price of $52.75 and high price of $53.11 per share. The 52 week low for the stock is at $26.60 per share and 52 week high is at $53.56 per share. Average volume of trading is 28.70 million shares per day and there are 3.04 billion shares in the market institutional holdings of 69% of total capital.

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