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.
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.8%. By the end of trading, SunTrust Banks rose $0.56 (1.6%) to $36.41 on average volume. Throughout the day, 3,029,353 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3,678,800 shares. The stock ranged in a price between $35.63-$36.42 after having opened the day at $35.87 as compared to the previous trading day's close of $35.85. Other companies within the Banking industry that increased today were:
), up 15.0%,
), up 13.3%,
), up 7.1% and
), up 7.0%.
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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 $19.2 billion and is part of the financial sector. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are up 26.5% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate SunTrust Banks a buy, 3 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full SunTrust Banks Ratings Report.
On the negative front,
), down 6.6%,
), down 3.3%,
), down 3.1% and
), down 3.1%.
- Use our banking section to find industry-relevant news.
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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.