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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. NEW YORK ( TheStreet) -- SunTrust Banks (NYSE: STI) hit a new 52-week high Wednesday as it is currently trading at $30.87, above its previous 52-week high of $30.79 with 2.6 million shares traded as of 11:35 a.m. ET. Average volume has been 5.1 million shares over the past 30 days. SunTrust Banks has a market cap of $16.14 billion and is part of the financial sector and banking industry. Shares are up 6.8% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 7.9, below the S&P 500 P/E ratio of 17.7.