KEY - KeyCorp

NYSE - NYSE Delayed Price. Currency in USD
+0.19 (+1.12%)
At close: 4:01PM EDT
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Previous Close 16.98
Open 17.05
Bid 16.50 x 4000
Ask 17.30 x 800
Day's Range 16.87 - 17.20
52 Week Range 13.66 - 21.91
Volume 12,090,691
Avg. Volume 13,513,904
Market Cap 17.197B
Beta (3Y Monthly) 1.51
PE Ratio (TTM) 10.06
EPS (TTM) 1.71
Earnings Date Apr 18, 2019
Forward Dividend & Yield 0.68 (4.32%)
Ex-Dividend Date 2019-03-04
1y Target Est 19.32
Trade prices are not sourced from all markets
  • PR Newswire 31 minutes ago

    KeyCorp Reports First Quarter 2019 Net Income Of $386 Million, Or $.38 Per Common Share

    1Q19 results included a net impact of $.02 per common share from notable items related to efficiency initiative expenses Positive momentum in core businesses: solid growth in loans and deposits from the ...

  • Ohio bank chooses Boulder for first buildout of 'tellerless' branch
    American City Business Journals 2 days ago

    Ohio bank chooses Boulder for first buildout of 'tellerless' branch

    KeyBank has chosen Boulder to build out its first "tellerless" bank branch from scratch. One day, clients will never come into a branch to just perform a transaction,” Michael Walters, KeyBank’s senior vice president for small business, mortgage and retail banking in Colorado, said. Out of the 60 KeyBank branches in Colorado, 20 have already transitioned to the tellerless branch model.

  • Will Higher Rates, Loans Aid KeyCorp's (KEY) Q1 Earnings?
    Zacks 2 days ago

    Will Higher Rates, Loans Aid KeyCorp's (KEY) Q1 Earnings?

    While decent loan growth and higher rates are likely to aid KeyCorp's (KEY) NII growth during the first quarter, muted fee revenue growth might hurt results to some extent.

  • Will Mute Investment Banking Hurt BofA (BAC) Q1 Earnings?
    Zacks 3 days ago

    Will Mute Investment Banking Hurt BofA (BAC) Q1 Earnings?

    Weak investment banking performance and dismal trading will likely hurt BofA's (BAC) Q1 earnings to an extent, while higher interest rates and decent loan growth will offer some support.

  • American City Business Journals 7 days ago

    Halfway through fiscal year, SBA loans lag

    A slowdown with a silver lining? That’s how Franklin Sciortino, director of the U.S. Small Business Administration’s Buffalo District Office, sees the double-digit decline in SBA loans approvals for the first six months of federal fiscal year 2019. Sciortino said it’s a sign of a strong economy.

  • KeyCorp (KEY) Earnings Expected to Grow: Should You Buy?
    Zacks 7 days ago

    KeyCorp (KEY) Earnings Expected to Grow: Should You Buy?

    KeyCorp (KEY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Bank Stock Roundup: Rise in Bond Yield, Easing Global Growth Concerns, JPM & WFC in Focus
    Zacks 13 days ago

    Bank Stock Roundup: Rise in Bond Yield, Easing Global Growth Concerns, JPM & WFC in Focus

    Banking stocks rallied on subdued investors' concerns regarding global economy growth and easing regulations.

  • KeyCorp Closes Laurel Road Deal, Strengthens Online Lending
    Zacks 14 days ago

    KeyCorp Closes Laurel Road Deal, Strengthens Online Lending

    Acquisition of Laurel Road's online lending business will go a long way in enhancing KeyCorp's (KEY) digital capabilities.

  • KeyBank acquires out-of-state digital lending business
    American City Business Journals 14 days ago

    KeyBank acquires out-of-state digital lending business

    KeyBank this week closed on an acquisition of a New York-based digital lending business. Laurel Road, based in New York City, built and launched in 2013 a student loan refinancing platform that has rapidly grown to total more than $4 billion in loan originations, according to a release. "The digital platform offers a simple and personalized process with attractive refinancing options, providing customers with potentially meaningful savings over the life of their loans," states a media release.

  • PR Newswire 15 days ago

    KeyBank Elevates Online Lending Capabilities With Closing Of Laurel Road Acquisition

    CLEVELAND, April 3, 2019 /PRNewswire/ -- KeyBank National Association today announced that it has successfully completed the acquisition of Laurel Road Bank's digital lending business. The acquisition underpins KeyBank's strategic growth efforts, by enhancing its digital capabilities through customized, end-to-end lending products.

  • American City Business Journals 16 days ago

    Banks, foundations pledge $8.07 million for East Side improvements

    A group of 10 banks and foundations in Western New York have created a pooled fund totaling $8.07 million to support economic development on Buffalo's East Side.

  • American City Business Journals 16 days ago

    SBA loan approvals, dollar volume fall in March

    Total loans approved through the SBA's 7(a) lending program and the dollar volume of those loans continue to lag year-ago numbers.

  • Here’s What Hedge Funds Think About KeyCorp (KEY)
    Insider Monkey 17 days ago

    Here’s What Hedge Funds Think About KeyCorp (KEY)

    At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]

  • Moody's 18 days ago

    First Niagara Financial Group, Inc. -- Moody's announces completion of a periodic review of ratings of KeyCorp

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of KeyCorp and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • 20 days ago

    A New CEO at Wells Fargo Will Pay off for Investors With Patience

    By Charley Blaine

  • Amid market restructure, Kevin Quinn departs as managing director at HSBC Bank
    American City Business Journals 21 days ago

    Amid market restructure, Kevin Quinn departs as managing director at HSBC Bank

    Effective March 25, Buffalo native Kevin Quinn is no longer managing director and head of corporate banking at HSBC Bank USA N.A. in Buffalo.

  • 21 days ago

    IPO Onslaught: Cramer's 'Mad Money' Recap (Wednesday 3/27/19)

    Investors need to be prepared for more days like this, Jim Cramer warned his Mad Money viewers Wednesday. The IPO cycle is playing out just as Cramer had feared, and we're only just getting started. Cramer explained that this week's debut of ride-sharing service Lyft is creating a frenzy among institutional investors, all clamoring for a slice of the $2.2 billion deal that's already seeing share prices rise beyond expectations.

  • 21 days ago

    Jim Cramer: The Case for Owning Citi and KeyCorp

    It's the lightning round, so you can't wax all that philosophic, but you could read the answer on my face: total dismay and a wish that I didn't really have it in the portfolio and didn't want to have to justify the stock. Except that the "book," the book that we were all taught to understand through years and years of training, says that if you believe that the book value is scrubbed clean, if you believe that, in truth, there is that much cash on hand, then you would be NUTS to sell it because you will eventually be rewarded with a higher price. Now Citigroup is particularly inexpensive, trading at about a three dollar discount to the price it would be if they just closed the doors.

  • Fifth Third Bancorp Stock Is a Strong Buy After Its Recent Plunge
    InvestorPlace 23 days ago

    Fifth Third Bancorp Stock Is a Strong Buy After Its Recent Plunge

    Last week, bank stocks did terribly. Fifth Third Bancorp (NASDAQ:FITB) fared particularly poorly. FITB stock tanked nearly 15% between Tuesday and the end of the week. In just four days, Fifth Third Bancorp stock dropped from its highest levels since September to near its 52-week lows.Source: Shutterstock It isn't just FITB stock that is suffering lately. Commerce Bancshares (NASDAQ:CBSH) dropped 10% last week, while KeyCorp (NYSE:KEY) and Huntington Bancshares (NASDAQ:HBAN) both fell close to 15%. Arguably the three most comparable banks to Fifth Third, they are also, like FITB, all large Midwestern banks. What's going on here, and are these regional banks, including Fifth Third Bancorp stock, buys at this point? * 7 Energy Stocks to Buy Now Yield-Curve InversionThe interest-rate yield curve inverted in a big way on Friday. This move in bond yields presumably drove the considerable selloff in the stock market on Friday, with banks falling particularly hard. It's not difficult to understand why.InvestorPlace - Stock Market News, Stock Advice & Trading TipsA yield-curve inversion occurs when short-term interest rates become higher than longer-term interest rates. This rare occurrence signifies that investors expect declining returns and inflation going forward.Historically, just about every time short-term interest rates cross long-term ones, the economy goes into a recession. Most recently, we've had yield-curve inversions in 1998, 2001, 2007, and now. The 1998 inversion didn't immediately lead to a recession, but 2001 did turn into a recession, and we all know what happened after 2007.Bank stocks are highly vulnerable to sentiment. When people think there will be a recession, banking shares tend to fare very poorly. Investors expect that banks will suffer rising loan losses as consumers and companies struggle to pay their bills. Additionally, loan demand tends to decline during recessions, further hitting banks' earnings.Interest rates and banking stocks are showing that investors aren't buying what the Fed is selling. The market clearly thinks that the December rate hike was a big policy mistake, and that the Fed risks acting too aggressively, sending us straight into a recession. Still, investors have to decide whether this consensus opinion makes sense or not. Because, if we manage to avoid a recession in the near-term, interest rates will normalize and bank stocks will soar. FITB Stock Is Exceptionally CheapThose who have read my columns before may know that I like banking stocks. The sector has underperformed over the past year, as interest rates have not been in-line with expectations. Throw in fears of a recession, and it's clear why investors have been bailing on financial stocks.That's left the sector exceptionally cheap. There's a bunch of high-quality banks trading for under ten times their earnings and near their book value. Even amidst such cheap competition, Fifth Third Bancorp stock still stands out. At the moment, it is selling for just 8.2 times both its trailing and forward earnings. It's also down to just 1.1 times its book value.It's quite strange for a well-run bank like Fifth Third to trade so close to its book value. FITB is currently earning a 1.5% return on its assets and a greater than 14% return on equity. Median figures for national banks are closer to 1% and 10%, respectively. Although the operating results of FITB are much better than those of the average bank, Fifth Third stock is being valued as though it is a mediocre franchise.As a result, investors have the chance to earn standout returns from FITB stock in coming years. Over the long haul, bank investors should expect to earn something close to a bank's annual return on equity divided by a bank's price to book value ratio. Thus, if a bank earns 14% on equity and investors buy its stock at book value, they can expect something like 14% compounded annual returns. With FITB stock currently slightly over its book value, it should generate something like 12%-13% annual returns. The Verdict on FITB StockAt this point, if you think we're heading into a recession soon, then you should want to stay clear of FITB stock and other regional banks. Bank stocks tend to drop when recessions hit, even if they are cheap already.Right now, though, economic data still looks quite strong. For example, recently announced GDP growth was solid. The market appears to be well ahead of the economic data; there's little sign that the economy is in serious trouble yet.Although the economy will likely grow more slowly in 2019 than in 2018, that doesn't necessarily mean the U.S. will enter a recession. If the economy continues to grow modestly, bank stocks will come roaring back in a hurry. With most of the Midwestern banks trading around 10 times to 12 times their earnings, FITB stock stands out as a value pick, trading at eight times its earnings and offering a 3.5% dividend yield.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Fifth Third Bancorp Stock Is a Strong Buy After Its Recent Plunge appeared first on InvestorPlace.

  • PR Newswire 28 days ago

    KeyBank's Small Business Review Receives 2019 Monarch Innovation Award

    CLEVELAND , March 21, 2019 /PRNewswire/ -- KeyBank's Small Business Wellness Review program has been recognized by Barlow's Research as an Honorable Mention for the coveted 2019 Monarch Innovation Awards. ...

  • American City Business Journals 28 days ago

    2018 pay for KeyCorp's Mooney tops $10 million

    Incentives granted after year-end pushed KeyCorp CEO Beth Mooney's actual 2018 pay to nearly $10.1 million.

  • Celanese: How Much Upside Do Analysts See?
    Market Realist 28 days ago

    Celanese: How Much Upside Do Analysts See?

    Celanese Increases Acetyl Intermediate Prices(Continued from Prior Part)Analysts’ consensus on CelaneseAfter the fourth quarter of 2018, there were 21 analysts tracking Celanese (CE) stock. Among the analysts, ~62% recommended a “buy,”

  • Asian shares gain as Fed says it will hold off on rate hikes
    Associated Press 28 days ago

    Asian shares gain as Fed says it will hold off on rate hikes

    Shares in Asia were mostly higher on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index advanced 0.6 percent to 3,109.48 while ...

  • PR Newswire last month

    KeyBank Dealer Retail Services Adopts Dealertrack Accelerated Title to Deliver Streamlined Vehicle Payoff and Title Release Process for Dealers

    NORTH HILLS, N.Y. , March 19, 2019 /PRNewswire/ -- Dealertrack today announced that KeyBank Dealer Retail Services has selected Dealertrack Accelerated Title to help expedite their vehicle payoff and title ...