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KeyCorp: Now Is A Great Time To Start Looking At This Regional Bank
September 26, 2018
- KeyCorp's stock has underperformed the broader market so far in 2018.
- However, KeyCorp is in a great position to benefit from an improving backdrop (i.e., rising rate environment, less-burdensome regulations, and a stronger economy).
- I am long KeyCorp and I plan to stay long through at least 2019.
KeyCorp ($KEY) is a regional bank that has been lost in the shuffle so far in 2018, as KEY shares are up only 2% compared to the impressive 9% increase for the S&P 500 (SPY) over the same period of time.
While I have stayed long KeyCorp over the last few years, I believe that now is a great time for prospective investors to start looking at this underperforming regional bank. Why? It's simple, KeyCorp is a well-run bank that is in a position to benefit from an improving backdrop.