May 13, 2013 (Fast Lane via COMTEX) -- Below are the three companies in the Other Diversified Financial Services industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Citigroup (NYSE:C) is highest with a beta of 1.7. Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company's services include investment banking, retail brokerage, corporate banking, and cash management products and services. In the past 52 weeks, Citigroup share prices have been bracketed by a low of $24.61 and a high of $49.46 and are now at $48.75, 98% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 1.4%.
Following is Bank of America (NYSE:BAC) with a beta of 1.5. Finishing up the top three is JPMorgan Chase (NYSE:JPM), with a beta of 1.3. ---------------------------------------------------------------------------------------------
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