KeyCorp (KEY) has had mixed financial results recently, missing Q1 earnings and revenue estimates but declaring a $0.205 quarterly dividend yielding 5.4%. It went through periods of outperforming and underperforming its competitors on strong trading days. New investments have been made in KeyCorp by Principal Securities Inc. and Private Advisor Group LLC. Furthermore, the company's stock was purchased by various institutions like NBC Securities, BNP Paribas Financial Markets, and National Bank of Canada, while others like Spire Wealth Management and Truist Financial Corp have decreased their positions. KeyCorp is considering restructuring and banking on high rates amid cost issues. The firm received a 'Moderate Buy' recommendation from brokerages on average and was rated as bull by Jefferies. Its Commercial Real Estate Exposure is limited as stated by CEO Chris Gorman. Regulatory actions include the surpassing of $10 million in funded loans through Key Opportunities Home Equity Loan Program and 'Best Regional Private Bank' award at the Family Wealth Report Awards 2024. Fee income is anticipated to boost Q1 earnings, despite lower NII. Insiders have placed bullish bets worth $871.9k.
Keycorp KEY News Analytics from Sun, 24 Sep 2023 07:00:00 GMT to Sat, 18 May 2024 14:04:00 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
