KeyCorp Still Not Getting Much Love From The Street Despite Better Prospects For 2020

Sometimes you find a relative valuation situation that’s a head-scratcher, and I think that’s the case with KeyCorp (KEY). I don’t exactly love this bank from an operational standpoint, but management has made a lot of good moves over the years – cutting the efficiency ratio from the high-60%’s to the high-to-mid-50%’s, diversifying/growing the consumer lending business, adding digital platforms – but doesn’t seem to get full credit for it. True, the bank has outperformed the sector over the last five years (with strong outperformance over the last year), but it still looks curiously under-valued.

Click here for more:
KeyCorp Still Not Getting Much Love From The Street Despite Better Prospects For 2020