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

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 higher today making it today's featured banking winner. The industry as a whole was unchanged today. By the end of trading, SunTrust Banks rose $0.36 (1.1%) to $32.91 on average volume. Throughout the day, 4,356,803 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3,647,600 shares. The stock ranged in a price between $32.29-$33.24 after having opened the day at $33.01 as compared to the previous trading day's close of $32.55. Other companies within the Banking industry that increased today were: Unity Bancorp ( UNTY), up 11.6%, Carolina Trust Bank ( CART), up 7.8%, Hampton Roads Bankshares ( HMPR), up 6.7% and Hingham Institution Savings ( HIFS), up 6.2%.

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 $17.4 billion and is part of the financial sector. Shares are up 14.8% year to date as of the close of trading on Thursday. Currently there are 7 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, compelling growth in net income, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Broadway Financial ( BYFC), down 17.4%, VelocityShares 3x Inverse Silver ETN S&P GS ( DSLV), down 8.2%, VelocityShares 3x Inverse Crude ETN ( DWTI), down 4.3% and Atlantic Coast Financial ( ACFC), down 3.9% , were all laggards within the banking industry with BB&T ( BBT) 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.
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