Citigroup and 4 Stocks Leading the Financial Sector Rally

Financial shares (NYSEARCA:XLF) are rallying strong on more rumors the EU will take action. Here are five stocks especially catching investors’ interest.

Citigroup, Inc. (NYSE:C): New York federal court judge Jed Rakoff dismisses Citigroup’s $285M settlement with the SEC over toxic mortgage debt, saying the arrangement is “neither fair, nor reasonable, nor in the public interest.” A new trial is slated for July 2012. Citigroup had conceded last month to settle an SEC allegation that it deceived investors in a $1B CDO related to subprime residential mortgage securities. C shares recently traded at $25.22, up $1.59, or 6.73%. Its market capitalization is $73.74 billion. They have traded in a 52-week range of $21.40 to $51.50. Volume today was 39,400,114 shares versus a 3-month average volume of 54,859,700 shares. The company’s trailing P/E is 6.72, while trailing earnings are $3.75 per share. Get the most recent company news and stock data here >>

The Goldman Sachs Group, Inc. (NYSE:GS): Although the competition is economizing, Goldman Sachs expands its MENA equity research by launching coverage on 80 new stocks, bringing the total to 121. With a primary theme of surging oil prices, the bank is examining beneficiaries like infrastructure and consumer spending, along with other resource firms. GS shares recently traded at $91.74, up $2.99, or 3.37%. Its market capitalization is $45.16 billion. They have traded in a 52-week range of $84.27 to $175.34. Volume today was 4,461,400 shares versus a 3-month average volume of 7,744,900 shares. The company’s trailing P/E is 13.95, while trailing earnings are $6.57 per share. Get the most recent company news and stock data here >>

Genworth Financial (NYSE:GNW): Citigroup upgraded Genworth in a recent report because Genworth’s attractive valuation more than offsets any concerns bout the stock. Citigroup went on to say that Genworth is not near bankruptcy risk. Genworth is now the hottest stock on the S&P 500 board. GNW shares recently traded at $6.05, up $0.66, or 12.24%. They have traded in a 52-week range of $4.80 to $14.77. Volume today was 8,974,288 shares versus a 3-month average volume of 10,427,300 shares. The company’s trailing earnings are $-0.29 per share. Get the most recent company news and stock data here >>

ING Groep NV (NYSE:ING): ING shares recently traded at $7.03, up $0.77, or 12.3%. They have traded in a 52-week range of $6.78 to $13.41. Volume today was 3,057,824 shares versus a 3-month average volume of 2,030,050 shares. The company’s trailing P/E is 3.97, while trailing earnings are $1.77 per share. Get the most recent company news and stock data here >>

Deutsche Bank AG (NYSE:DB): DB shares recently traded at $35.26, up $2.92, or 9.03%. They have traded in a 52-week range of $28.57 to $66.00. Volume today was 2,677,040 shares versus a 3-month average volume of 4,416,700 shares. The company’s trailing P/E is 5.68, while trailing earnings are $6.21 per share. Get the most recent company news and stock data here >>

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