Recent reports indicate the financial health of the U.S Bank,
KeyCorp (KEY), showing multiple positives and strong outlook.
KeyCorp recently declared a
quarterly cash dividend for common and preferred stocks, an attractive prospect for investors. In a big move,
Scotiabank has made a
strategic minority investment in
KeyCorp, acquiring a 14.9% stake in the bank. This is alongside
KeyCorp's announcement of a share repurchase program, signaling confidence in its financial future. The bank's continuous
earnings growth also saw
Citigroup upgrade
Keycorp. However, an analysis indicates that the bank has recently undergone losses, due to securities sales. Despite this, there continues to be a bullish sentiment towards
KeyCorp, with CFO Clark Khayat revealing a promising financial roadmap ahead. KeyCorp also demonstrated its commitment to community by investing $3M in 8 Cleveland non-profits through their foundation.
Keycorp KEY News Analytics from Mon, 12 Aug 2024 07:00:00 GMT to Fri, 21 Mar 2025 13:21:16 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -3
