BofA recently increased KeyCorp's (KEY) price target citing strong growth potential. The company has been named among the best regional bank dividend stocks to buy. KeyCorp's CFO announced an ambitious growth strategy as the bank marks 200 years of operations. Other noteworthy updates include the bank being named an honoree of The Civic 50 for twelve consecutive years, thus acknowledging its substantial community investment.
The recent KeyCorp-Scotiabank deal is expected to support NII expansion in 2025. The company has also declared quarterly dividends for its common and preferred stocks. Bullish sentiment dominates Wall Street's outlook on the NYSE:KEY stock, with most expecting solid earnings growth. Notably, Jim Cramer recommended buying KEY.
Despite mixed quarterly performance, the bank has announced a new share buyback plan, signaling strong financial position. Furthermore, KeyCorp recently secured a strategic investment from Scotiabank. This significant move, coupled with a solid net interest income showing, suggests the company is well-positioned for future growth.
Keycorp KEY News Analytics from Mon, 12 Aug 2024 07:00:00 GMT to Fri, 20 Jun 2025 04:37:00 GMT -
