Citigroup - Top Performing Bank

Published on Monday, 05 December 2011 16:46 Written by Danny Miller

New York, December 5th (TradersHuddle.com) - The KBW Bank Index closed higher at $39.63, which represents 2.7% from its previous close. The bank index had a broad rally with all Index components on the positive side.

Citigroup (NYSE:C) was the top performer of the banking index, closing at $29.83 representing 5.89%. versus the previous trading session. Shares of Citigroup, the diversified financial services firm have defined support at $23.30 and resistance at $27.50.

Zion (NASDAQ:ZION) was also among the top performers, closing at $16.84 representing 3.89% from its previous close. Zion, the collection of regional banks with operations in the Western U.S. has calculated support and resistance levels at $14.63 and $16.13 respectively. The other top performer was SunTrust Banks (NYSE:STI), which traded at $19.27 representing 3.77% from the previous trading session.

The bank's worst performers include Marshall & Ilsley (NYSE:MI) that closed at $7.9 or 0% from the previous close. Shares of Marshall & Ilsley, the Wisconsin based diversified financial services firm have defined support at $7.56 and resistance at $7.93. Also among the worst performers was State Street (NYSE:STT), which is currently trading at $40.17 representing 0.48% from the previous trading session.

Today, the banks outperformed the broad market index S&P 500.