KeyCorp (KEY) reiterated its financials Tuesday, sending its shares higher — a rally that’s been seen in the wider financial sector recently. The stock, however, edged lower after Wednesday’s open on Wall Street. That’s because, according to Jim Cramer, investors are focusing their attention on big banks, rather than smaller regionals.
“There’s a big split right between investment banks, big money centers and the regionals,” Cramer said, cautioning that the recent banking sector rally may not be sustainable.
