KeyCorp (KEY) continues to show mixed signals amid analyst divergence and strong fund flows. The stock has recently been a topic of interest for famed stock analyst Jim Cramer, who has shown a positive stance towards owning it. Naming rights have been secured by KeyCorp for a new event center at the Pro Football Hall of Fame, potentially increasing KeyCorp's brand visibility. Evercore ISI has recently upped KeyCorp's price target to $21 from $20, indicating increased optimism towards the stock, and Katibank has secured a 10-year landmark deal with the Buffalo Sabres. Notably, the bank is celebrating a bicentennial with a massive $5.4M community development grant initiative.
A quarterly cash dividend has been declared by KeyCorp on both common shares and preferred stocks, making its dividend history an interesting topic for investors. Furthermore, Q2 earnings expectations for KeyCorp are optimistic, with potential for strong net interest income recovery and guidance raise. Amid these developments, noticeable executive sale was also in the news as well as the announcement of a partnership with Qolo advancing banking capabilities along with an unveiled growth strategy presented by KeyCorp's CFO. Financial wellness-related collaboration with Personetics is evidence of its innovative approach in serving the banking sector.
Keycorp KEY News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sat, 02 Aug 2025 13:16:15 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor 2
