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KeyCorp Is Well-Positioned For 2019, And The Stock Has A Potential Kicker
February 13, 2019
- KeyCorp's stock is outperforming the broader market so far in 2019.
- KeyCorp recently reported strong Q4 2018 operating results (top and bottom line beats) and the regional bank has a new potential catalyst that could help propel the stock higher in 2019.
- I am long KeyCorp, and I plan to stay long the stock.
KeyCorp's ($KEY) stock has performed extremely well so far in 2019, as KEY shares are up almost 17% on a YTD basis.
However, let's not forget that KEY shares are still significantly underperforming the broader market over the last year (-15.5% compared to the S&P 500's 5% over the same period of time). KeyCorp appears to be a great long-term investment at today's price, even after the recent run-up, because I believe that the bank's management team has it well-positioned for 2019 and beyond.