Link says the bank stocks are "down and out" and for some of them "valuations make sense." Cramer says some sections of the U.S. are performing better than others and points to the southern U.S., where SunTrust has most of its operations.
Cramer also notes the major problem with banking stocks is they all trade in tandem, but SunTrust has better loan growth. He believes investors will want to focus on that eventually.
TheStreet Ratings team agrees with Cramer and Link's assessment, as it rates SunTrust as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUNTRUST BANKS INC (STI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."