Among high-flying bank stocks, KeyCorp is near the top for upside to investors
Key Tower in downtown Cleveland is home to KeyCorp.
Bank profits are rising, and analysts "see the strongest stock price upside over the next 12 months in six S&P 500 banks," including Cleveland-based KeyCorp, according to an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.
To be fair, Investor's Business Daily says, "analysts are bullish on the whole bank industry group. S&P 500 analysts think all 18 bank stocks in the S&P 500 are undervalued, just by varying degrees." It says banks "are setting the bar high for S&P 500 first-quarter profit reporting season," and that Key is among six of the 18 that "still have more than 8% upside."