NEW YORK (TheStreet) -- TheStreet's Jim Cramer and Stephanie Link have added SunTrust Banks (STI - Get Report) to their Action Alerts PLUS portfolio despite the difficult year so far for the banking sector.
Link says the bank stocks are "down and out" and for some of them "valuations make sense." Cramer says some sections of the U.S. are performing better than others and points to the southern U.S., where SunTrust has most of its operations.
Cramer also notes the major problem with banking stocks is they all trade in tandem, but SunTrust has better loan growth. He believes investors will want to focus on that eventually.
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