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0.00101936799184503 0.00254841997961268 0.0030581039755351 0.00203873598369007 0.0122324159021406 0.00815494393476046 0.0127420998980632 0.0163098878695209
Stock impact report

KeyCorp Is A Steal At 0.72x Tangible Book [Seeking Alpha]

KeyCorp (KEY) 
Last keycorp earnings: 4/16 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
Company Research Source: Seeking Alpha
SummaryFears stemming from Covid-19 have led to a sharp drop in KeyCorp's shares, with shares currently valued at 0.72x tangible book.The bank is a much different one than it was 10 years ago; the balance sheet is healthier, underwriting has improved, and efficiencies has increased.We believe that there is upside for banks in general, but KeyCorp has the most based on its current valuation.OverviewKeyCorp (NYSE:KEYA Different Bank With A Different Balance SheetKeyCorp has made significant changes since the financial crisis, and we believe that this warrants a higher multiple than the past. In fact, we can essentially split KeyCorp into three different banks since 2008.First, there's the KeyCorp of 2007-2009. The bank pulled out of mortgages a few years before the crisis, which was considered to be a genius move as many banks suffered huge losses due to mortgage exposure. However, the bank did not make it out unscathed. KeyCorp had exposure to high-risk construction-related commercial Show less Read more
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