SunTrust Banks Stock Hits New 52-Week High (STI)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $34.68, above its previous 52-week high of $34.64 with 759,767 shares traded as of 9:35 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.
SunTrust Banks has a market cap of $18.27 billion and is part of the financial sector and banking industry. Shares are up 21% year to date as of the close of trading on Thursday.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking.
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TheStreet Ratings rates
SunTrust Banks
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
.
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