First, it just beat garmin in market cap. That is good news since this will increase the volume through a greater interest of mutual funds and ETFs looking for this sized market cap position.
Second, it is growing it's commerical, financial, and agricultural loans. This growth is great news for the economy, but it is also great news for profitability.
Third, it's book value is up 5% from the 1st quarter of last year, which translates to a 27% premium for investors.
Fourth, KeyCorp is constantly trying to improve their stock. Constant buy backs and an increase to their dividend is definitely pleasing.
My recommendation: buy and hold until $25.
References:
http://www.forbes.com/sites/dividendchannel/2014/07/09/keycorp-now-327-largest-company-surpassing-garmin/
http://www.fool.com/investing/general/2014/07/07/does-keycorp-hold-the-key-to-a-fortune.aspx
No comments:
Post a Comment