Over the last two years, shares of the Ohio-based regional bank KeyCorp (KEY -2.14%) have been on a tear, shooting up by nearly 75%. Despite this, it continues to trade for only 1.1 times book value, a reasonable multiple by any measure. In the video below, Motley Fool contributor John Maxfield discusses whether or not investors should interpret this as a "buy" signal.
Free Article
Why Investors Shouldn’t Buy KeyCorp
By John Maxfield
–
Nov 13, 2013 at 7:00AM
NYSE: KEY
KeyCorp
Market Cap
$14B
Today's Change
(-2.14%) -$0.32
Current Price
$14.61
Price as of April 25, 2024, 4:00 p.m. ET
The Ohio-based KeyCorp has performed admirably over the last two years. But has its shares run out of steam?
John Maxfield has no position in any stocks mentioned. The Motley Fool owns shares of KeyCorp. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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