TheStreet’s Jim Cramer and Stephanie Link recently added shares of SunTrust Banks to their Action Alerts PLUS portfolio despite what has been a tough year for the banking sector. Link says bank stocks, which have struggled since January are “down and out” and for some of them “valuations make sense.” Cramer says it’s clear that pockets of the United States are doing much better than others. Cramer points to the southern U.S. where SunTrust has most of its operations. Cramer says the big issue with banking stocks is they all trade in tandem, but SunTrust has better loan growth and he says that’s eventually what investors will want to focus on.
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