KeyCorp (KEY) has made notable strides in recent times with a stock performance improvement of 4.5% over the previous week. This has caught the attention of large institutional investors with entities such as First Bank & Trust, Wellington Management Group LLP, and Register Financial Advisors LLC increasing their shares in KEY. Moreover, it has registered a solid return of 55% in the past year. While Royal Bank of Canada gave KEY an 'Outperform' rating, Evercore ISI noticeably lowered their price target to $16.50. Points of interest include KEY's rising relative strength, strong dividend yield of 5.4% and 6.2% respectively, as well as the constructive progress in KEY's restructuring initiatives. Shrewd moves from KEY include launching virtual account management services powered by QOLO's technology and forming a forward flow origination partnership with Blackstone Credit & Insurance. Financial reports show fourth quarter 2023 net income at $30 million. However, Earnings for Q1 2024 missed analyst EPS estimates and revenue expectations. Despite some challenges, most indicators are bullish for KEY but earnings performance and outlook need to be monitored closely.
Keycorp KEY News Analytics from Sun, 24 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 14:31:04 GMT -
Rating 6
- Innovation 2
- Information 5
- Rumor 3
