Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Things Are Getting Better At KeyCorp

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details