SunTrust Banks Inc (STI): Today's Featured Financial Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. SunTrust Banks (STI) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.1%. By the end of trading, SunTrust Banks fell 37 cents (-1.4%) to $26.26 on average volume. Throughout the day, 6.3 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 6.7 million shares. The stock ranged in price between $25.98-$26.71 after having opened the day at $26.66 as compared to the previous trading day's close of $26.63. Other companies within the Financial sector that declined today were: China Housing & Land Development (CHLN), down 10.9%, Bank of the James Financial Group (BOTJ), down 10.9%, Millennium India Acquisition Corporation (SMCG), down 10.3%, and Carver Bancorp (CARV), down 10.3%.
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