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

SunTrust Banks ( STI) 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: Credit Suisse ( DGAZ), up 11.9%, Village Bank and Trust Financial Corporatio ( VBFC), up 9.0%, Western Alliance ( WAL), up 5.6% and Alliance Bancorp Inc Of Pennsylvania ( ALLB), up 5.3%.

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 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 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, National Bank of Greece ( NBG), down 23.0%, Elmira Savings Bank Elmira NY ( ESBK), down 7.1%, Oak Ridge Financial Services ( BKOR), down 6.5% and Carrollton Bancorp ( CRRB), down 5.1% , were all laggards within the banking industry with Deutsche Bank ( DB) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

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