KeyCorp (KEY): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

KeyCorp ( KEY) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.6%. By the end of trading, KeyCorp fell $0.27 (-1.9%) to $13.62 on average volume. Throughout the day, 10,100,583 shares of KeyCorp exchanged hands as compared to its average daily volume of 11,208,900 shares. The stock ranged in price between $13.58-$13.92 after having opened the day at $13.91 as compared to the previous trading day's close of $13.89. Other companies within the Banking industry that declined today were: Bancorp ( TBBK), down 14.9%, Texas Capital ( TCBI), down 12.1%, Village Bank and Trust Financial ( VBFC), down 7.2% and Susquehanna ( SUSQ), down 5.6%.

KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. KeyCorp has a market cap of $12.2 billion and is part of the financial sector. Shares are up 3.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate KeyCorp a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates KeyCorp as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Intermountain Community Bancorp ( IMCB), up 7.0%, Wellesley Bancorp ( WEBK), up 5.4%, Royal Bancshares of Pennsylvania ( RBPAA), up 5.1% and Hawthorn ( HWBK), up 4.8%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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