SunTrust Banks (STI) : Traders are bullish on SunTrust Banks (STI) as it has outperformed the S&P 500 by a wide margin of 1.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.44% in the last 1 week, and is up 3.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SunTrust Banks (NYSE:STI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.45 and $42.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.90, notching a gain of 2.26% for the day. The total traded volume was 4,873,294 . The stock had closed at $41.95 on the previous day.
The stock has recorded a 20-day Moving Average of 0.85% and the 50-Day Moving Average is 1.82%. SunTrust Banks, Inc. is up 6.17% in the last 3-month period. Year-to-Date the stock performance stands at 1.41%.
SunTrust Banks (STI) : Average target price received by SunTrust Banks (STI) is $45.68 with an expected standard deviation of $3. The most aggressive target on the stock is $52, whereas the most downbeat target is $41. 19 financial analysts are currently covering the stock.
Suntrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Companys other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Companys investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.