SunTrust Banks Inc (STI): Today's Featured Financial Winner

SunTrust Banks (STI) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.2%. By the end of trading, SunTrust Banks rose 50 cents (2.1%) to $24.21 on average volume. Throughout the day, six million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 6.3 million shares. The stock ranged in a price between $23.63-$24.32 after having opened the day at $23.74 as compared to the previous trading day's close of $23.71. Other companies within the Financial sector that increased today were: Carver Bancorp (CARV), up 46.8%, Millennium India Acquisition Corporation (SMCG), up 25.5%, Central Federal (CFBK), up 23.5%, and Patriot National Bancorp (PNBK), up 10.8%.

• ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank, which provides various financial services in the United States. SunTrust Banks has a market cap of $12.84 billion and is part of the banking industry. The company has a P/E ratio of 18.3, above the average banking industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 34.8% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate SunTrust Banks a buy, three analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

• You can view the full SunTrust Banks Ratings Report.

On the negative front, American Independence Corporation (AMIC), down 15.8%, OptimumBank Holdings (OPHC), down 12.1%, Credit Suisse (DGAZ), down 11.7%, and Plumas Bancorp (PLBC), down 11%, were all losers within the financial sector with American Capital Agency (AGNC) being today's financial sector loser.

• Use our financial section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR (XLF) while those bearish on the financial sector could consider Proshares Short Financials (SEF).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on SunTrust Banks Inc click any of the following:

• SunTrust Banks Inc Stock Price

• SunTrust Banks Inc Analyst Ratings

• SunTrust Banks Inc Key Stats & Profile

• SunTrust Banks Inc Earnings

• SunTrust Banks Inc Ratio Comparison

• SunTrust Banks Inc Growth Rates

• SunTrust Banks Inc Balance Sheet

• SunTrust Banks Inc Cash Flow

• SunTrust Banks Inc Income Statement