Natixis Advisors L.P. and
M&T Bank Corp have sold their positions in
KeyCorp (NYSE:KEY), while
Merit Financial Group LLC and
Metis Global Partners LLC have invested in the stock.
KeyCorp's stock saw occasional market outperformance and a steady price trend. However, the company's future price target was decreased by 16.06%, hinting at potential market volatility. Notably, KeyCorp's considerable dividend yield and restructuring and rate strategies have received positive market sentiment despite concerns about rising expenses and loan concentration. KeyCorp has formed a forward flow origination partnership with
Blackstone Credit & Insurance. Q4 earnings and revenues did not meet expectations. However, KeyCorp's quarterly dividend stands at $0.21.
KeyCorp reported a net income of $30 million in Q4 2023 and $183 million for Q1 2024. With an 81% ownership, institutional investors play a significant role in KeyCorp. The company's earnings are likely to be impacted by lower NII and fee income in Q4. Despite occasional dips,
KeyCorp stock has climbed by 48% YoY.
Keycorp KEY News Analytics from Sun, 24 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 10:49:17 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -4
