KeyCorp: A Well-Managed Bank That Is Still Worth A Look

Summary Points:

*KeyCorp shares have outperformed the S&P 500 over the last two years, and investors should expect more of the same in 2018.

*It recently reported lackluster Q3 2017 results, but that does not change the bank's long-term story.

*KeyCorp shares are a long-term buy at today's price.

KeyCorp ($KEY) has been one of the best-performing stocks of the R.I.P. portfolio, as shares are up almost 40% since December 2015.

In late 2015, I explained why I was bullish about KeyCorp when shares were trading around $13, and my investment thesis has played out well over the past two years. More importantly, I believe that investors can still pick up KEY shares at today's price because KeyCorp is a well-managed bank that is operating in an environment that has great potential over the next 12-18 months.