This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 More Bank Stocks for Bottom-Fishing Investors


3. SunTrust

Shares of SunTrust (STI) of Atlanta closed at $17.18 Monday, down 42% year-to-date. The shares trade for 0.7 times their tangible book value of $24.02, according to SNL Financial.

Based on a quarterly payout of five cents, the shares have a dividend yield of 1.16%.

SunTrust was featured among TheStreet's 10 Banks Growing Business Loans, as the company grew its commercial and industrial loan portfolio 2% during the second quarter and 15% year-over-year to $26.2 billion, as of June 30.

SunTrust reported second-quarter net income available to common shareholders of $174 million, or 33 cents a share, improving from a net loss to common shareholders of $56 million, or 11 cents a share, in the second quarter of 2010. The second-quarter provision for credit losses was $392 million, declining from $662 million a year earlier.

The second-quarter net interest margin was 3.53%, expanding from 3.33% a year earlier, mainly reflecting declining funding costs and an improved liability mix. The second-quarter ROA was 0.42%, according to SNL Financial.

FIG Partners analyst Christopher Marinac rates SunTrust "Outperform," with a price target of $32, saying after the company released its second-quarter results in July that he expects the company "can sustain quarterly EPS in the mid-thirty cent range the next few quarters even though some revenue adjustments are necessary given new interchange fee rules (i.e., the Durbin Amendment impact on debit card fee income)."

The shares trade for eight times the consensus 2012 EPS estimate of $2.20, among analysts polled by FactSet.

Out of 26 analysts covering SunTrust, eight rate the shares a buy, 16 have neutral ratings and two analysts recommend selling the shares

9 of 11

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs