Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

SunTrust Beats on Earnings and Revenue, Stock under Accumulation

|Includes: SunTrust Banks, Inc. (STI)

SunTrust (NYSE:STI) Q3 2010 handily bested estimates. Common shares are currently trading just over tangible book value. The stock has been under accumulation and recently was sold off, perhaps unjustly, with the rest of the banking sector in reaction to the foreclosure fiasco. This is a stock worth keeping an eye on, unless you are averse to banks altogether.

Disclosure: No positions