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
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.4%. By the end of trading, SunTrust Banks fell 96 cents (-3.4%) to $27.67 on heavy volume. Throughout the day, 14.3 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 6.1 million shares. The stock ranged in price between $27.20-$28.26 after having opened the day at $27.84 as compared to the previous trading day's close of $28.63. Other companies within the Banking industry that declined today were:
), down 11.5%,
), down 8%,
VelocityShares 3x Long Brent Crude ETN
), down 6.3%, and
), down 5.7%.
- ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
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 $15.61 billion and is part of the financial sector. The company has a P/E ratio of 19.5, below the average banking industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 61.8% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate SunTrust Banks a buy, three analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates SunTrust Banks as a
. 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, good cash flow from operations, expanding profit margins and solid stock price performance. 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 SunTrust Banks Ratings Report.
On the positive front,
), up 17.9%,
), up 10.8%,
), up 10.5%, and
), up 9.9%, were all gainers within the banking industry with
) being today's featured banking industry leader.
- Use our banking section to find industry-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 banking industry could consider
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.
FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge!
Free download now