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KeyCorp's Stock Has Now Fallen More Than the Broader Banking Sector. Is Now the Time to Buy?

KeyCorp's Stock Has Now Fallen More Than the Broader Banking Sector. Is Now the Time to Buy?

Since the start of the banking crisis in March, large and super regional bank stocks have been hit especially hard. As I pointed out in an article published on the eve of the banking crisis, KeyCorp's deposit beta performed very well in 2022, coming in at just 16%. The deposit beta looks at how much a bank will raise deposit pricing in response to changes in interest rates over a set period of time, so the lower the beta the better.