KeyCorp (KEY) is garnering attention and gaining interest from Hedge Funds, with emphasis on the Series I Preferred Shares as a good investment choice. It has even been labelled as a safe dividend stock, with its yield above 5%. Demonstrating its strength, KeyCorp’s Q1 earnings exceeded estimates, prompting the announcement of a share repurchase program and earning an upgrade from Baird. The company made notable executive stock purchases, while Scotiabank's strategic investment confirmed their promising position in the market. However, the price target for KeyCorp was lowered from $18 to $16 amidst adjustments in earnings forecasts, although it did surpass Q1 EPS projections. The Q3 results showed improved net interest margins and tangible book value growth, supporting the expansion of NII in 2025. Despite a high provisions setback, the strong fee income and NII were expected to bolster KeyCorp's Q1 earnings. Furthermore, KEY's total compensation for the CEO jumped by 82% following the Scotiabank bonus. Lastly, they embarked on a massive community investment of $5.4M across 27 cities and committed to building relationships with small and middle-market businesses.
Keycorp KEY News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Fri, 25 Apr 2025 21:22:30 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
