SunTrust Banks, Inc.

NYSE: STI
$70.13
+$0.87 (+1.3%)
Closing price December 6, 2019
Bank stocks are very expensive now, and JPMorgan has just five that it currently recommends, two big money center leaders and three top regional banks.
Jefferies remains positive on five top large cap banks that are still offering investors upside potential after an extremely large run in the sector.
Many banks and financial firms have seen their price targets and expectations raised by analysts ahead of this earnings season.
The top analyst upgrades, downgrades and other research calls from Monday include Ctrip.com, Goldman Sachs, Johnson & Johnson, Medtronic, Morgan Stanley, Yelp and Yum China.
While it seems everything is fully priced, the good news for investors is that there is still a plethora of stocks that are cheaper than the overall S&P 500.
JPMorgan is reasonably upbeat on the sector going forward. It has raised price targets on five top banks.
The top analyst upgrades, downgrades and other research calls from Thursday include Caterpillar, Comcast, Fitbit, Groupon, Mattel, Take-Two, Time Warner and Zynga.
The recent pullback in share prices for these five top banks have provided somewhat better entry points. JPMorgan continues to recommend large cap bank stocks.
While the earnings season is set to wind down after what was a very solid quarter, this sector has been weak since March, and despite posting some solid results, has only partially recovered.
The top analyst upgrades, downgrades and other research calls on Monday include Energy Transfer Equity, First Solar, L3 Technologies, Regions Financial and Western Digital.
A new JPMorgan research report makes the case that bank stocks are attractively valued now relative to the overall market, and the rest of 2017 looks bright.
One key analyst thinks that first-quarter results from banks will not be mind-blowing, but instead believes estimates are still biased upward as more rate hikes get built in, deposit betas remain low...
The top analyst upgrades, downgrades and initiations seen on Monday include Accenture, Ecolab, Huntington Bancshares, Oasis Petroleum, Snap and Under Armour.
The top analyst upgrades, downgrades and initiations seen on Monday include American Express, Coca-Cola, NVIDIA, Procter & Gamble, Texas Instruments and Transocean.
These four banks may be just the kind of institutions that could benefit from a solid debt-trading scenario. Any increase in overall business could push earnings above current expectations.