KeyCorp (KEY) has been a source of considerable attention in the investment world, with its stock outperforming competitors during strong trading periods. A
Buy Recommendation from Goldman Sachs coupled with a forward flow origination partnership with
Blackstone Credit & Insurance underscore this positivity.
Retirement Systems of Alabama and
New York Life Investment Management LLC, however, have decreased their stakes in the company, hinting at potential clouds on the horizon. Challenges such as rising expenses and loan concentration have been a source of concern, as evidenced by the recent fall in stock price amid overall market gains.
Uncertainty around CEO’s compensation and disappointing
Q2 NII guidance have also been making news. However, reports suggest that the
Q1 2024 revenue beat expectations while EPS lagged behind and there was a miss on Q4 2023 earnings. The attractiveness of the stock's high
dividend yield of 5.4% and
6.2% is likely to balance some negative factors.
KeyCorp's overall success in the recent period can be attributed to restraints on commercial real estate exposure and strategic
SWOT insights. Regardless, the reports suggest further analysis is required for potential investors, especially in light of a probable earnings decline for
Q1 and Q4, sinking stock value, and lower
NII and fee income.
Keycorp KEY News Analytics from Sun, 24 Sep 2023 07:00:00 GMT to Wed, 08 May 2024 21:17:00 GMT -
Rating 0
- Innovation -5
- Information 10
- Rumor 0
