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3 Bank Stocks to Buy Without the Baggage

Regional and local banks offer great opportunity

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Key Bank

One of the best regional banks to consider is KeyCorp (KEY) which is up 45% year-to-date and delivers a 1.7% dividend yield. Trading at $12.44, new investors can buys shares of the bank at book value and for only 14 times trailing earnings. Over the past six months, there have been four separate instances of insiders buying, and those trades are now paying off handsomely.

KeyCorp has greatly improved in loan growth and loan quality, and are likely to funnel their increasing profits through to shareholders in the form of dividend increases and share buybacks for many years to come.

Article printed from InvestorPlace Media,

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