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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SunTrust Banks ( STI) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.3%. By the end of trading, SunTrust Banks fell $0.54 (-1.5%) to $34.97 on average volume. Throughout the day, 4,703,634 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 4,127,200 shares. The stock ranged in price between $34.62-$35.24 after having opened the day at $35.17 as compared to the previous trading day's close of $35.51. Other companies within the Banking industry that declined today were: Atlantic Coast Financial ( ACFC), down 8.4%, Royal Bancshares of Pennsylvania ( RBPAA), down 8.1%, Greene County Bancorp ( GCBC), down 7.5% and Credit Suisse ( DWTI), down 6.9%.

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 $18.9 billion and is part of the financial sector. Shares are up 23.1% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate SunTrust Banks a buy, 3 analysts rate it a sell, and 14 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, expanding profit margins, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, National Bank of Greece ( NBG), up 11.2%, Credit Suisse ( DGAZ), up 7.6%, Bank of Ireland (Governor & Co of ( IRE), up 7.3% and Firstbank Corp Michigan ( FBMI), up 6.7% , were all gainers within the banking industry with Credit Suisse Group ( CS) being today's featured banking industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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