SunTrust Banks (STI) : Traders are bullish on SunTrust Banks (STI) as it has outperformed the S&P 500 by a wide margin of 2.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.37%, 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 0.7% in the last 1 week, and is up 2.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.93% and the fifty day Moving Average is 2.85%. SunTrust Banks, Inc. has dropped 1.51% during the last three month period . Year-to-Date the stock performance stands at 2.02%.
SunTrust Banks (STI) : The highest short term price target forecast on SunTrust Banks (STI) is $52 and the lowest target price is $41. A total of 17 equity analysts are currently covering the company. The average price of all the analysts is $45.53 with a standard deviation of $3.06.
SunTrust Banks (NYSE:STI): stock turned positive on Friday. Though the stock opened at $42.97, the bulls momentum made the stock top out at $43.3 level for the day. The stock recorded a low of $42.63 and closed the trading day at $43.16, in the green by 1.01%. The total traded volume for the day was 3,662,943. The stock had closed at $42.73 in the previous days trading.
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.