The word is avoid regional banks.

Hmmm......looking tasty.....

Broke 200 SMA at 6.68 with strong volume. I took a starter position at 7.00 right about the close of market. Only 5K shares.

Yep, looks like this one might be heading north (that high put activity a few days ago turned out to be a head fake). Finally, it closed above the $7 mark (past resistance for quite some time) on much higher than average volume. Lets hope the momentum continues tomorrow.

hmm i think adding more call more 2011 10 calls

i think banking will return to a decent level in 2010

Doubled down with another 5K shares at 6.75. This has room...

Hmm...jumped the gun too early...

Third Quarter Earnings Announcement Expected: KEY has confirmed that earnings will be announced 10/21/2009. With 20 analysts covering KEY, the consensus EPS estimate is $-0.39, and the high and low estimates are $-0.25 and $-0.62, respectively.

Another good day!!! Not that I am complaining... But the market is in need of a pull back..

anybody watching this now? nice last quarter, and they are reporting again soon, feb 11 9 calls might be very nice for a pop

 

KeyCorp profit off 38%, revenue misses estimate

http://www.marketwatch.com/story/keycorp-profit-off-38-revenue-misses-estimate-2012-01-24

 

KeyCorp's KEY +0.93% fourth-quarter profit declined 38% after suffering a deeper-than-expected slump in revenue even as credit quality once again improved in its loan portfolio.

The Ohio-based regional lender has been working to wind down commercial real-estate loans created before the financial crisis that later turned sour at rapid rates while also seeking to rebuild its loan book.

Tuesday, Chief Executive Beth Mooney said the most recent quarter's results reflected continued improvement in credit quality as well as the bank's third straight quarter of growth in its commercial, financial and agricultural loan portfolio.

"These results confirm our belief that the inflection point for loan growth was reached in the third quarter of 2011," Mooney said.

For the fourth quarter, the company recorded a loan-loss credit of $22 million compared with a credit of $97 million a year ago and a $10 million provision in the third quarter.

KeyCorp reported a profit of $200 million, down from $320 million a year earlier. Per-share earnings, reflecting the payment of preferred dividends, fell to 20 cents a share from 32 cents the year before. The latest results were hurt by a $24 million charge due to Visa Inc.'s (V) planned litigation escrow deposit.

Total revenue dropped 16% to $977 million. Analysts polled by Thomson Reuters expected a per-share profit of 20 cents on $1.01 billion in revenue.

Net charge-offs, or loans lenders don't think are collectible, fell to 0.86% of average loans on a continuing-operations basis, compared with 2% a year earlier and 0.9% in the prior quarter.

Nonperforming loans, or those near default, came in at 1.47%, down from 2.13% and 1.64%, respectively.

Shares closed Monday at $8.11 and were inactive in premarket trade. Through the close, the stock is down 5.8% over the past 12 months.