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Why Jim Cramer and Stephanie Link Bought SunTrust Banks (STI) Stock

Stocks in this article: STI

NEW YORK (TheStreet) -- TheStreet's Jim Cramer and Stephanie Link have added SunTrust Banks  (STI) 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.

Must Watch: Jim Cramer and Stephanie Link Are Bullish on SunTrust

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TheStreet Ratings team agrees with Cramer and Link's assessment, as it rates SunTrust as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SUNTRUST BANKS INC (STI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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