Restructuring Efforts, Lower Rates to Boost KEY Amid Asset Quality Woes
KeyCorp remains well-placed for growth on balance sheet repositioning, minority stake by BNS and lower rates despite weak asset quality and rising expenses.
KeyCorp: A Loan-Driven Regional Bank With 5% Dividend Yield & Strong Capitalization
KeyCorp gets its prior Hold rating from Nov. 2023 reaffirmed. Despite a high debt-to-equity ratio compared to peers, KeyCorp maintains healthy regulatory capital and has a diversified loan portfolio with minimal CRE exposure. Q2 earnings were impacted by higher interest costs and lower loan growth.
KeyCorp to Incur $700M Loss in Q3 on Balance Sheet Repositioning
KEY sells low-yielding securities worth $7 billion. This strategic balance sheet repositioning will likely result in a one-time loss of $700 million in Q3.
Keep an Eye on 3 S&P 500 Bank Stocks With Biggest Weekly Declines
The S&P 500 Index sees the worst weekly declines, and bank stocks are not untouched. Investors must keep KEY, WFC & USB stocks on the radar.
KeyCorp to book $700 million loss on sale of securities
The transaction marks an example of efforts by financial firms to reposition their balance sheets with higher-yielding assets as interest rates have risen.
KeyCorp sells nearly $7 bln of low-yield investments
U.S. bank KeyCorp said on Monday it had sold about $7 billion of low-yielding investment securities.
Here are the Reasons for 18.5% Jump in KeyCorp Stock in a Month
KEY shares soar 18.5% in a month. Here, we check out the reasons behind the bullish investor sentiments and analyze the stock's upside potential.
KeyCorp Receives First Phase of Investment From Scotiabank
BNS investments 0.8 billion in KEY as part of an agreement announced on Aug. 12. The company now owns almost a 4.9% stake in KEY.
KeyCorp's (KEY) Restructuring Initiatives Aid Amid Rising Costs
KeyCorp (KEY) remains well-poised for growth via restructuring efforts, loan and deposit growth and high rates. Yet, high costs and weak asset quality are woes.
KeyCorp (KEY) Stock Hits 52-Week High on Minority Stake Sale
KeyCorp (KEY) touches a 52-week high on the news of strategic investment by the Bank of Nova Scotia (BNS). The initiative is expected to be accretive to KeyCorp's 2025 and 2026 earnings and drive NII.
S&P 500 Gains and Losses Today: KeyCorp Stock Soars as Scotiabank Acquires Stake
Major U.S. equities indexes were little changed on Monday. Fresh off a week of volatile trading driven by economic concerns, key data on inflation, retail sales, and the housing market will be in focus this week for those trying to assess the health of the economy.
KEY Stock Surge Alert: What's Going On With KeyCorp Shares Today?
KeyBank (NYSE: KEY ) is among today's biggest movers, with KEY stock surging by as much as 14% this morning. This is in response to news that Canadian lender Bank of Nova Scotia (NYSE: BNS ), also known as Scotiabank, has acquired 14.9% of the regional U.S. lender for $2.8 billion.
