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.
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KeyBanc Capital Hires Pat Kratus
KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based
KeyCorp, has appointed
Pat Kratus to managing director and head of KeyBanc Capital Markets technology corporate and investment banking group. As a member of Key’s institutional bank leadership team, Kratus reports to
Randy Paine, president of Key Institutional Bank, and is based in the firm’s San Francisco office.
“Pat brings a superior track record of delivering highly successful outcomes, based on the depth of his expertise and experience, expansive network and leadership,” said Paine. “In partnership with our Institutional Bank industry coverage groups and product partners, Pat is well positioned to lead our team as the world’s digital transformation continues, creating an enormous opportunity for the KBCM Technology Group. We are delighted to have Pat lead our franchise.”