SunTrust Banks Stock Hits New 52-Week High (STI)

NEW YORK ( TheStreet) -- SunTrust Banks (NYSE: STI) hit a new 52-week high Wednesday as it is currently trading at $32.85, above its previous 52-week high of $32.84 with 2.4 million shares traded as of 11:35 a.m. ET. Average volume has been 4.5 million shares over the past 30 days.

SunTrust Banks has a market cap of $17.28 billion and is part of the financial sector and banking industry. Shares are up 14.7% 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.

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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.

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