) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 1.0%. By the end of trading, SunTrust Banks rose $0.34 (1.1%) to $31.70 on average volume. Throughout the day, 4,086,115 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 4,757,900 shares. The stock ranged in a price between $31.38-$31.86 after having opened the day at $31.57 as compared to the previous trading day's close of $31.36. Other companies within the Banking industry that increased today were:
), up 11.9%,
), up 9.0%,
), up 5.6% and
), up 5.3%.
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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. SunTrust Banks has a market cap of $16.9 billion and is part of the financial sector. The company has a P/E ratio of 8.2, below the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate SunTrust Banks a buy, 3 analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
. 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 SunTrust Banks Ratings Report.
On the negative front,
), down 23.0%,
), down 7.1%,
Oak Ridge Financial Services
), down 6.5% and
), down 5.1% , were all laggards within the banking industry with
) being today's banking industry laggard.
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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.