KeyCorp
About: With assets of over $180 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
Employees: 16,805
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 12 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
42% more call options, than puts
Call options by funds: $175M | Put options by funds: $124M
20% more capital invested
Capital invested by funds: $11.1B [Q2] → $13.3B (+$2.26B) [Q3]
1.73% more ownership
Funds ownership: 82.8% [Q2] → 84.54% (+1.73%) [Q3]
2% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 92
0% more funds holding
Funds holding: 773 [Q2] → 775 (+2) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 297
40% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$17
1%
downside
Avg. target
$19.83
16%
upside
High target
$23
35%
upside
12 analyst ratings
7 positive
58%
5 neutral
42%
0 negative
0%
Keefe, Bruyette & Woods David Konrad 59% 1-year accuracy 17 / 29 met price target | 29%upside $22 | Outperform Maintained | 4 Dec 2024 |
Piper Sandler Scott Siefers 56% 1-year accuracy 14 / 25 met price target | 29%upside $22 | Overweight Maintained | 3 Dec 2024 |
Goldman Sachs Ryan Nash 54% 1-year accuracy 15 / 28 met price target | 35%upside $23 | Buy Maintained | 26 Nov 2024 |
Wells Fargo Mike Mayo 68% 1-year accuracy 17 / 25 met price target | 29%upside $22 | Overweight Maintained | 15 Nov 2024 |
Citigroup Keith Horowitz 62% 1-year accuracy 13 / 21 met price target | 11%upside $19 | Neutral Downgraded | 7 Nov 2024 |
Financial journalist opinion
Based on 12 articles about KEY published over the past 30 days
Neutral
Zacks Investment Research
2 days ago
Fed Turns Hawkish, Signals Fewer 2025 Cuts: What This Means for Banks
The Fed signals fewer rate cuts for 2025 on persistent inflation. So, the operating backdrop for banks like JPM, BAC, C, CMA & KEY is less likely to improve.
Neutral
PRNewsWire
3 days ago
KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.50 PERCENT
CLEVELAND , Dec. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. About KeyCorp KeyCorp's roots trace back nearly 200 years to Albany, New York.
Positive
MarketBeat
3 days ago
3 Regional Bank Stocks to Buy on Relaxed Regulations
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Positive
Seeking Alpha
6 days ago
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.
Neutral
GlobeNewsWire
1 week ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Positive
Market Watch
1 week ago
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
Neutral
PRNewsWire
1 week ago
KEYCORP AND SCOTIABANK RECEIVE REGULATORY APPROVAL TO COMPLETE STRATEGIC MINORITY INVESTMENT
CLEVELAND , Dec. 13, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that all required regulatory approvals have been received for completion of The Bank of Nova Scotia's ("Scotiabank") strategic minority investment in Key as announced on August 12, 2024. The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024.
Positive
Reuters
1 week ago
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.
Positive
Seeking Alpha
2 weeks ago
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview, Steven Wieting, strategist at Citi-Wealth, noted that a growing-dividend is a tangible-benefit for shareholders and a-hallmark-of companies with strong-balance-sheets. “Nobody can fake a dividend,” he said.
Positive
Benzinga
3 weeks ago
6 Regional Bank Stocks to Buy Before Trump Names New SEC Leadership
The regional banking sector has spent much of the last two years making headlines for all the wrong reasons. Bank failures like Silicon Valley, Signature Bank, and First Republic Bank rocked the sector, and the SPDR Regional Banking ETF KRE dropped more than 40% at the end of 2023.
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