SunTrust Banks Reaches New 52-Week High (STI)

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 Thursday as it is currently trading at $32.78, above its previous 52-week high of $32.72 with 2.6 million shares traded as of 1:40 p.m. ET. Average volume has been 4.9 million shares over the past 30 days.

SunTrust Banks has a market cap of $17.47 billion and is part of the financial sector and banking industry. Shares are up 12.9% year to date as of the close of trading on Wednesday.

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 8.5, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, 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.

TheStreet Ratings rates SunTrust Banks as a buy. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full SunTrust Banks Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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.
null

If you liked this article you might like

Home Depot Latest Company to Award Employee Bonuses on Passage of U.S. Tax Law

Home Depot Latest Company to Award Employee Bonuses on Passage of U.S. Tax Law

Two Stocks Just Went in Double-Zombie Beat-Down Mode

Two Stocks Just Went in Double-Zombie Beat-Down Mode

Dow Jumps to New Record as Tax Reform Buoys Wall Street

Dow Jumps to New Record as Tax Reform Buoys Wall Street

Discovery Takes Majority Stake in Oprah's OWN Network: LIVE MARKETS BLOG

Discovery Takes Majority Stake in Oprah's OWN Network: LIVE MARKETS BLOG

9 Stock Picks for a Strengthening U.S. Dollar

9 Stock Picks for a Strengthening U.S. Dollar