Citibank brings hope to all in the domaining industry with a comment made earlier yesterday. When Citibank issued a Buy on Verisign stock (VRSN), many customers questioned Citibank’s opinion as a large number of investors see domains as a dieing field, or a field that is beginning to level off. However, Citibank issued an interesting explanation in order to clarify why it maintained its Buy position on the stock.

“We rate VeriSign Buy (1M). VeriSign is levered to improving trends in eCommerce and online advertising in its core domain name business where we expect growth to re-accelerate over the course of 2011. A measured pace of investment in the business as well as the inherent operating leverage in the core businesses should enable operating margin expansion to continue and 15%+ earnings growth through 2012. 2012 is the first year of clean financials following a relatively messy divestiture process.”

Consumers, on the other hand, must disagree with Citibank as the stock price fell 0.93% this past Monday. But it’s important that we let the rest of the week play out in order to see whether consumers will end up putting their faith in Citibank, Verisign, and the domaining industry (or as Citibank calls it, the domain name business).