KeyCorp (KEY): Today's Featured Banking Winner - TheStreet

KeyCorp

(

KEY

) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.3%. By the end of trading, KeyCorp rose 4 cents (0.5%) to $7.89 on average volume. Throughout the day, 10.6 million shares of KeyCorp exchanged hands as compared to its average daily volume of 12.4 million shares. The stock ranged in a price between $7.85-$7.96 after having opened the day at $7.90 as compared to the previous trading day's close of $7.85. Other companies within the Banking industry that increased today were:

Royal Bancshares of Pennsylvania

(

RBPAA

), up 19.3%,

Monarch Community Bancorp

(

MCBF

), up 18.3%,

Credit Suisse

(

DGAZ

), up 9.3%, and

Community Bank Shares of Indiana

(

CBIN

), up 9.2%.

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KeyCorp operates as a holding company for KeyBank National Association that provides various banking services in the United States. KeyCorp has a market cap of $7.52 billion and is part of the

financial

sector. The company has a P/E ratio of 8.6, below the average banking industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 2.1% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate KeyCorp a buy, three analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates KeyCorp as a

buy

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front,

First Financial Service Corporation

(

FFKY

), down 19.5%,

Broadway Financial

(

BYFC

), down 17.8%,

Carver Bancorp

(

CARV

), down 12.1%, and

Bank VA Chesterfield

(

BOVA

), down 7.6%, were all laggards within the banking industry with

U.S. Bancorp

(

USB

) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider

KBW Bank ETF

(

KBE

) while those bearish on the banking industry could consider

ProShares Short KBW Regional Bankng

(

KRS

).

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