8 Stocks' Huge Profit Growth Is About To Knock Your Socks Off
Looking for some truly wowing profit growth from S&P 500 companies. A few are likely to knock your socks off.
Why KeyCorp (KEY) is Poised to Beat Earnings Estimates Again
KeyCorp (KEY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
KeyCorp-Scotiabank Deal Closes, to Support KEY's NII Expansion in 2025
KEY and BNS complete the final tranche of equity investment in the former. This transaction will likely drive KeyCorp's NII in 2025.
Scotiabank completes $2B investment in KeyCorp
Scotiabank (TSX:BNS) announced that it has finalized its acquisition of an additional ownership stake in KeyCorp (NYSE:KEY), solidifying its position as a significant shareholder in the US-based financial institution. The Toronto-based bank said that with regulatory approval from the Federal Reserve Board, Scotiabank (TSX:BNS) acquired approximately 10% pro-forma ownership through newly issued common shares at $17.17 per share, totaling $2 billion.
KeyCorp Series I Preferred Shares Offer Income Growth Opportunity
KeyCorp's Series I preferred shares are now rated a buy due to recent performance. Improved net interest spread and margin, along with increased interest income, highlight KeyCorp's financial gains. The bank's shift from external borrowing to depositor financing enhances earnings potential and reduces risks.
Fed clears KeyCorp's $2 billion cash infusion from Scotiabank earlier than expected and its stock is up
Analyst hails Fed's quicker-than-expected OK of the investment in KeyCorp from Bank of Nova Scotia as a good sign for more deal-making
Fed approves Scotiabank bid to acquire voting shares in KeyCorp
The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting shares in U.S. regional lender KeyCorp , as the Canadian bank looks to boost its exposure to developed markets.
KeyCorp: Well Capitalized And Positioned For Growth In 2025
KeyCorp shares have surged 55% in the past year, driven by solid underwriting, an equity investment, and hopes for easier regulations. The Scotiabank equity stake deal allows KeyCorp to reposition its securities portfolio, boosting net interest income and EPS despite a 5% share dilution. KeyCorp's deposits are up 4% year-over-year, improving liquidity and reducing reliance on wholesale funding, with a strong loan-to-deposit ratio of 71%.
KeyCorp: Likely Limited Upside
KeyCorp reported a Q3'24 loss of $0.47 per share, mainly due to securities sales. The bank saw a 2.5% Q/Q average deposit growth and a 7% increase in net interest income, indicating healthy performance in core operations. KeyCorp's valuation now reflects a 20% premium to book value, suggesting limited upside potential with shares likely fully valued.
KeyCorp CEO on earnings: Tailwinds are just getting started and banks have a lot of momentum
Chris Gorman, KeyCorp CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, provisions for credit losses, and much more.
KeyCorp's Q3 Earnings Beat, Stock Dips on Weak Asset Quality
KEY's third-quarter 2024 results rise on the back of higher revenues and a decline in expenses. However, a rise in provisions turns out to be a spoilsport.
KeyCorp (KEY) Q3 2024 Earnings Call Transcript
KeyCorp (NYSE:KEY ) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Brian Mauney - Director, IR Christopher Gorman - Chairman and CEO Clark H. I. Khayat - CFO Conference Call Participants Scott Siefers - Piper Sandler Mike Mayo - Wells Fargo Gerard Cassidy - RBC John Pancari - Evercore Nathan Stein - Deutsche Bank Zach Westerlind - UBS Manan Gosalia - Morgan Stanley Peter Winter - D.A.
