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KeyCorp Has A Promising Backdrop

Summary:

- KeyCorp's stock has underperformed its benchmark so far in 2018.

- However, this regional bank has a promising backdrop and should benefit from several major tailwinds over the next few years.

- I am long KeyCorp, and I plan to stay long the stock for the foreseeable future.

KeyCorp ($KEY) is a regional bank that I previously described as being "well-positioned for 2018 and beyond". The stock has, however, underperformed the SPDR S&P Regional Banking ETF (KRE) by a wide margin so far in 2018.

I believe that the underperformance for KEY's shares has created a buying opportunity for investors who have a long-term view because, in my opinion, KeyCorp has a promising (and improving) backdrop and this regional bank's management team has it in a great position to capitalize on several major tailwinds.

Read more here.

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