whytestocks
6 years ago
News: $KEY KeyCorp Reports Fourth Quarter 2018 Net Income Of $459 Million, Or $.45 Per Common Share
CLEVELAND , Jan. 17, 2019 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced net income from continuing operations attributable to Key common shareholders of $459 million , or $.45 per common share for the fourth quarter of 2018, compared to $468 million , or $.45 per commo...
In case you are interested https://marketwirenews.com/news-releases/keycorp-reports-fourth-quarter-2018-net-income-of-459-million-or-45-per-common-share-6998290.html
bdubble
12 years ago
Key earns highest strength rating
KeyCorp has become one of only two major banks nationwide with the highest financial strength rating. Key, which is the largest local bank with 22 percent of deposits in Greater Cleveland and more than 90 branches in the Cleveland and Akron markets, has jumped three levels in the last two years in the latest study released by Bauer Financial of Florida. Bauer conducts the analysis every quarter for all of the nation's more than 7,000 banks. The research company compiles the ratings after analyzing factors that demonstrate the bank's strength, including profits, assets and cash on hand. It recommends doing business with banks with four or five stars. A five-star rating, which KeyCorp now has, means "superior." While 12 banks out of the 35 in Northeast Ohio have five-star ratings, most are significantly smaller than Key. And of the 25 largest banks in the nation, the only other with a five-star rating is RBS/Citizens of Rhode Island, which is the parent of Charter One. The Plain Dealer (Cleveland, Ohio) Cleveland.com
Bart Myers
14 years ago
Compass Point is out with its report today on KeyCorp (NYSE: KEY), upgrading KEY to Buy.
In a note to clients, Compass Point writes, "We are upgrading shares of KEY from Neutral to Buy. Trading at .93x TBV and with 10.7% Tier 1 common, we believe the recent sell-off provides an attractive risk/reward at the current level. Due to our expectation for continued contraction in their loan portfolio through 3Q11, we expect KEY's Tier 1 common ratio will grow to over 11.5% by year-end. Thus, with the stock trading below TBV and the prospect for continued growth in TBV and excess capital, we believe shares have sufficient downside protection."
Compass Point maintains a $10 PT on KEY.
Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1145154/update-compass-point-upgrades-keycorp-to-buy#ixzz1ObJnv0oR
bdubble
15 years ago
I work for Key Bank in CO, we are building new branches and expanding in CO, WA, NY, OH and Utah. Starting 9 months ago and to continue we have plans to open 23 new branches in just the Denver metro area. Key is growing and pulling in a lot of market share throughout the growth phase. All branches have been built from the ground up except for a select few.
I began with Key 3.5 yrs ago when stock price was in the mid to low $30's, I anticipate growth and PPS gain, slowly, but surely. ALL IMO