Citigroup - Top Performing Bank

Published on Thursday, 26 January 2012 16:46 Written by Gerard Lerod

New York, January 26th (TradersHuddle.com) - The KBW Bank Index closed lower at $42.56, which represents -2.23% from its previous close. The bank index tumbled with 21 index components on the negative side.

Citigroup (NYSE:C) was the top performer of the banking index, closing at $30.38 representing 1.4%. versus the previous trading session. Shares of Citigroup, the diversified financial services firm have defined support at $27.66 and resistance at $30.33.

() was also among the top performers, closing at $0 representing 0% from its previous close. , the has calculated support and resistance levels at $ and $ respectively. The other top performer was Capital One (NYSE:COF), which traded at $45.61 representing 0% from the previous trading session.

The bank's worst performers include Zion (NASDAQ:ZION) that closed at $16.58 or -5.37% from the previous close. Shares of Zion, the collection of regional banks with operations in the Western U.S. have defined support at $16.70 and resistance at $19.02. Also among the worst performers was SunTrust Banks (NYSE:STI), which is currently trading at $20.5 representing -5.18% from the previous trading session.

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