KeyCorp (KEY) continues to make its mark in the financial landscape as evidenced by its recent activities. Borsting an impressive
3.5% shares increase on Mar 15, the company has signaled its strong financial standing with a robust
$1 billion buyback plan.
Citigroup adds to KeyCorp's ongoing success by upgrading the organization. Despite a subtle decrease in price target from $22 to $20 by
Morgan Stanley, and an
11% stock slip amid market volatility, Citigroup maintains it's
buy recommendation based on KeyCorp's solid fundamentals and appealing valuation. Equally,
Jim Cramer strongly recommends buying alongside Canadians. The announcement of a
share repurchase program and the declaration of a
quarterly cash dividend on common shares and preferred stocks showcase KeyCorp's strong commitment to rewarding its shareholders. KeyCorp has also made swift advancements at leadership level with the appointment of
Mohit Ramani as Chief Risk Officer. Additionally, KeyCorp's expansions are set to bolster its
NII expansion in 2025, combined with a
Strategic Minority Investment from
Scotiabank and lowering its prime lending rate to 7.75%.
Keycorp KEY News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Sat, 15 Mar 2025 15:34:41 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 4
