Gateway Investment Advisers has reported holding $4.30 million in KeyCorp's stock. KeyCorp's Q2 earnings exceeded expectations, while the stock dipped due to poor asset quality. KeyCorp performed stronger than its competitors, backed up by an upgrade in IBD ratings. However, Zacks analysts decreased KeyCorp's earnings estimates. With second-quarter net profits reaching $237 million, KeyCorp appears assertive as income earned from fees is projected to aid Q2 earnings despite an expected decrease in NII. Several investment advisors have acquired KeyCorp shares, indicating faith the company's potential. Moreover, despite some analysts predicting a decline in KeyCorp's earnings, the potential growth of the company should not be overlooked. Earnings call transcripts reveal that while the EPS met expectations, revenue surpassed the estimates slightly. KeyCorp's stock position has been increased by DekaBank Deutsche Girozentrale while other financial players retain theirs. The anticipation of net interest income gains, deposit growth, and strong relative strength has investors eager, even though loan demands appear tepid. Amidst the positive tendency, UBS did downgrade KeyCorp due to lighter capital positioning.
Keycorp KEY News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 15:51:23 GMT -
Rating 3
- Innovation 0
- Rumor -4
