SunTrust Banks Inc (STI): Today's Featured Financial Winner

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

SunTrust Banks ( STI) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 1.0%. By the end of trading, SunTrust Banks rose $0.99 (3.6%) to $28.31 on heavy volume. Throughout the day, 10,274,167 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 5,303,900 shares. The stock ranged in a price between $27.62-$28.78 after having opened the day at $27.93 as compared to the previous trading day's close of $27.32. Other companies within the Financial sector that increased today were: Homex Development ( HXM), up 40.5%, American Spectrum Realty ( AQQ), up 11.1%, Vestin Realty Mortgage II ( VRTB), up 10.6% and Royal Bancshares of Pennsylvania ( RBPAA), up 9.3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $14.9 billion and is part of the banking industry. The company has a P/E ratio of 7.6, below the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year to date as of the close of trading on Thursday.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Jacksonville Bancorp Inc (FL ( JAXB), down 10.0%, Taylor Capital Group ( TAYC), down 8.3%, California First National Bancorp ( CFNB), down 6.7% and China HGS Real Estate ( HGSH), down 6.4% , were all laggards within the financial sector with Walter Investment Management ( WAC) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you liked this article you might like

Equifax CEO and Board Are Pretty Cozy

JPMorgan, U.S. Banks Face $3 Billion of Loan Losses From Catastrophic Hurricanes

14 Bank Stocks That Will Either Surge or Do Nothing

Bank Stocks Have Had Monster Runs -- Now What?

SunTrust Banks: Cramer's Top Takeaways