Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

2. KeyCorp ( KEY)

Consensus 2011 EPS: $0.39

Market cap: $7.39 billion

TheStreet Ratings grade: Hold (C-)

Another bank on which Bove dropped coverage, KeyCorp's second quarter profit was its first since the financial crisis. During a conference call with analysts after releasing the results, bank management said credit trends were improving, and that it was focusing on investment management businesses in an effort to boost revenues.

FBR Capital Markets analysts wrote following the earnings release that they earnings potential was their main concern, due to "continued deleveraging and weaker-than-expected net interest margins."

"Given tepid loan demand, we believe that KeyCorp's balance sheet will likely continue to shrink over the next several quarters, which should weigh on earnings," the report stated.

Debt analysts at GimmeCredit upgraded KeyCorp in August, arguing it is "relatively less exposed to consumer loans than some peers," and has cut construction loan exposure to $3.4 billion from $6.1 billion a year ago.

As of 2PM ET on Thursday, Keycorp shares were trading down 2.29% at $8.10.

If you liked this article you might like

How to Get Rich Using Warren Buffett's Favorite Stock Market Indicators

How to Live Just Like Billionaire Warren Buffett

Why Hurricanes Won't Force the Fed to Ditch a December Rate Hike

How to Make a Deal Like Billionaire Investor Warren Buffett

How to Invest Like Billionaire Warren Buffett