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0 0.000821692686934923 0 0 -0.00109559024924695 0.00410846343467539 0.00547795124623379 0.00794302930703914
Stock impact report

12 stocks to buy as banks benefit from what’s crushing other stocks [MSN Money]

KeyCorp (KEY) 
Last keycorp earnings: 4/16 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
Company Research Source: MSN Money
© Bloomberg KeyCorp is among the regional banks that professional investors expect to benefit from a steepening yield curve. While investors are in a panic about rising yields on U.S. Treasury notes, there’s actually one group that benefits from this trend: regional banks. That makes them an attractive buy right now. It’s about time for some good news for unloved local lenders. They suffered serious damage during the summer. From June 8 through Oct. 1, the SPDR S&P Regional Banking ETF (KRE) fell 9.8%, compared with a 5.2% gain for the S&P 500 Index (SPX) Banks got hurt as analysts jumped on the “inverted yield curve” meme. The yield curve — a plot of short-term Treasury yields against long-term yields — was nearly flat at the time. Many analysts thought falling long-term yields would invert the curve. This would hurt banks because they borrow at the short end and lend at the long end of the curve. But the inverted yield curve forecasts turned out to be baloney. Show less Read more
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