5 Best Bank Stocks To Watch For 2014

5 Best Bank Stocks To Watch For 2014: KeyCorp (KEY)

KeyCorp is a bank holding company for KeyBank National Association (KeyBank). Through KeyBank and certain other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients through two business segments: Key Community Bank and Key Corporate Bank. As of December 31, 2011, these services were provided through KeyBank's 1,058 full-service retail banking branches in 14 states, additional offices, a telephone banking call center services group and a network of 1,579 automated teller machines (ATMs) in 15 states. On January 17, 2012, the Company opened another national bank subsidiary.

In addition to the banking services of accepting deposits and making loans, the Bank and trust company subsidiaries offer personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, and international banking services. Through its bank, trust company and investment adviser subsidiaries, the Company provides investment management services to clients that include corporate and public retirement plans, foundations and endowments, individuals and trust funds. The Company provides other financial services - both within and outside of its primary banking markets - through various nonbank subsidiaries. These services include community development financing, securities underwriting and brokerage. It is also an equity participant in a joint venture that provides merchant services to businesses.

Lending Activities

As of December 31, 2011, the Company's Commercial, Financial and Agricultural loans, also referred to as Commercial and Industrial, represented 39% of its total lo! an portfolio. As of December 31, 2011, commercial real estate loans represented approxima tely 19% of its total loan portfolio. These loans include bo! th owner and nonowner-occupied properties and constitute approximately 27% of its commercial loan portfolio. Its commercial real estate lending business is conducted through two primary sources: its 14-state banking franchise, and Real Estate Capital and Corporate Banking Services. The Company conducts financing arrangements through its equipment finance line of business. Commercial lease financing receivables represented 17% of commercial loans at December 31, 2011. The home equity portfolio is the largest segment of its consumer loan portfolio.

Investment Activities

The Company's securities portfolio totaled $18 billion at December 31, 2011. Available-for-sale securities were $16 billion at December 31, 2011. Held-to-maturity securities were $2.1 billion at December 31, 2011. At December 31, 2011, it had $2.1 billion in collateralized mortgage obligations (CMOs) in its held-to-maturity securities portfolio. At December 31, 2011, the Company had $15.9 billion invested in CMOs and other mortgage-backed securities in the available-for-sale portfolio. Federal Agency CMOs constitute most of its held-to-maturity securities along with foreign bonds and preferred equity securities. The investments in equity and mezzanine instruments made by its principal investing unit represented 61% of other investments at December 31, 2011. They include direct investments (investments made in a particular company), as well as indirect investments (investments made through funds that include other investors).

Sources of Funds

Domestic deposits are the Company's primary source of funding. During the year ended December 31, 2011, these deposits averaged $58.5 billion and represented 80% of the funds it used to support loans and other earning assets. Wholesale funds, consisting of deposits in its foreign office and sho! rt-term b! orrowings, averaged $3.4 billion during 2011. At December 31, 2011, the Company had $4. 7 billion in time deposits of $100,000 or more.

Advisors' Opinion:

• [By John Udovich]

  While the Bakken formation is already on most investor radars, few American investors may realize that the formation stretches North into the oil and gas rich Canadian province of Saskatchewan where stocks like Surge Energy Inc (TSE: SGY), Questerre Energy Corp (TSE: QEC), Crescent Point Energy Corp (TSE: CPG), Keyera Corp (TSE: KEY) and Centor Energy Inc (OTCBB: CNTO) have been pumping out a good flow of newsworthy news in recent weeks. I should mention that Canada's oil reserves are ranked #3 after to Venezuela and Saudi Arabia with over 95% of these reserves being the oil sands of Alberta while the neighboring province of Saskatchewan (which the Bakken formation stretches into from South Dakota and Montana) along with offshore areas of Newfoundland also contain substantial production and reserves (Note: Excluding oil sands, Alberta would have 39% of Canada's remaining conventional oil reserves, followed by offshore Newfoundland with 28% and Saskatchewan with 2 7%).

• [By Lisa Levin]

  KeyCorp (NYSE: KEY) shares gained 3.61% to create a new 52-week high of $12.91. KeyCorp's trailing-twelve-month revenue is $4.04 billion.

  Posted-In: 52-Week HighsNews Intraday Update Markets Movers

• [By Ben Levisohn]

  Don’t look for big banks to soften the blow today, however. JPMorgan Chase (JPM) has fallen 0.5% to $51.84, Wells Fargo (WFC) has declined 0.9% to $42.06 and KeyCorp (KEY) is off 1% at $12.54. Citigroup (C) has gained 0.2% to $48.71.

• [By Monica Gerson]

  KeyCorp (NYSE: KEY) is estimated to report its Q3 earnings at $0.22 per share on revenue of $1.02 billion.

  St. Jude Medical (NYSE: STJ) is projected to report its Q3 earnings at $0.89 per share oor $1.32 ! billion.

source from Top Stocks Blog:http://www.topstocksblog.com/5-best-bank-stocks-to-watch-for-2014.html