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Suntrust Banks, Inc. (STI) [hlAlert]

Rating:
Buy STI
down 31.78 %

Suntrust Banks, Inc. (STI) rated Buy

Posted on: Saturday,  Jan 12, 2008  11:34 AM ET by Barrons 12 Stocks for 2008

Barrons 12 Stocks for 2008 rated Buy Suntrust Banks, Inc. (NYSE: STI) on 01/07/2008, when the stock price was $59.31.
Since then, Suntrust Banks, Inc. has lost 31.78% as of 01/25/2016's recent price of $40.46.
If you would have followed this Barrons 12 Stocks for 2008's recommendation on STI, you would have lost 31.78% of your investment in 2940 days.

SunTrust Banks, Inc. is a commercial banking organization. The company provides a wide range of services to meet the financial needs of its growing customer base in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia, and the District of Columbia. Its primary businesses include traditional deposit and credit services as well as trust and investment services. (Company Press Release)

What did badly in 2007 might do well in 2008, because valuations in many depressed sectors are at multiyear lows. Single-digit price/earnings ratios are common in the financial sector, and stocks in many industries are trading at or near book value, a level that often proves to be a floor beneath stock prices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2008 4:00 PM Buy
1 year
59.31
as of 12/24/2008
1 Week down  -11.52 %
1 Month up  23.52 %
3 Months up  6.61 %
1 YTD down  -72.88 %

(*) Stock Price at the time of the recommendation.
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