KeyCorp (NYSE:KEY) stock has been on a role for a while now which has led to what I thought was a stretched valuation. Then KEY reported 2Q2014 EPS of $0.24 a share (vs. consensus at $0.26). While KEY missed on the headline number, I was impressed with a few features under the surface and those have caused me to rethink my view on the stock. I'm still not willing to buy yet, but if we get the much discussed market pullback and KEY comes down 10%, I think investors could look at pulling the trigger on the stock.
Specifically, KEY showed outstanding investment banking revenue with that number coming in at $99M. This is a "key" area (I...
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