KeyCorp (KEY) has been making strides in its operations, however has also faced some hurdles. It recently ranked 17th on FAIR360's Top Companies for Diversity, signifying the bank's commitment to inclusivity. However, Kingsview Wealth Management LLC recently reduced its stake in KeyCorp by selling 3436 shares.
Q2 earnings and revenues missed estimates, signalling financial pressure. Despite the bank's restructuring initiatives aimed at reducing costs, KeyCorp stocks were down compared to competitors.
The bank was highlighted as a standout local bank stock, and even despite concerns over high costs and rising expenses, both Amalgamated Bank and Avantax Advisory Services have increased their positions in KeyCorp.
The bank has declared a quarterly dividend yielding 5.4% and plans to present at the Bernstein Annual Strategy Decisions Conference.
Furthermore, KeyCorp is making inroads in healthcare, announcing the acquisition of Cain Brother to broaden their advisory services. However, mixed performance has been noted with the bank's stock underperforming some days, yet surpassing competitors on others.
KeyCorp's KEY CEO reaffirmed the bank's limited exposure to commercial real estate, which could be a defense move as the bank's Q4 earnings are anticipated to decline.
Keycorp KEY News Analytics from Sun, 24 Sep 2023 07:00:00 GMT to Thu, 23 May 2024 13:00:00 GMT -
Rating -2
- Innovation 4
- Information 7
- Rumor -5
