12 stocks to buy as banks benefit from what’s crushing other stocks [MSN Money]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
investor.key.com
Company Research
Source: MSN Money
© Bloomberg KeyCorp is among the regional banks that professional investors expect to benefit from a steepening yield curve. While investors are in a panic about rising yields on U.S. Treasury notes, there’s actually one group that benefits from this trend: regional banks. That makes them an attractive buy right now. It’s about time for some good news for unloved local lenders. They suffered serious damage during the summer. From June 8 through Oct. 1, the SPDR S&P Regional Banking ETF (KRE) fell 9.8%, compared with a 5.2% gain for the S&P 500 Index (SPX) Banks got hurt as analysts jumped on the “inverted yield curve” meme. The yield curve — a plot of short-term Treasury yields against long-term yields — was nearly flat at the time. Many analysts thought falling long-term yields would invert the curve. This would hurt banks because they borrow at the short end and lend at the long end of the curve. But the inverted yield curve forecasts turned out to be baloney.
Show less
Read more
Impact Snapshot
Event Time:
KEY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KEY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KEY alerts
High impacting KeyCorp news events
Weekly update
A roundup of the hottest topics
KEY
News
- Liberty Community Services Awarded $120,000 From KeyBank Foundation To Bring Housing and Transportation Services to New Haven Homeless [Yahoo! Finance]Yahoo! Finance
- KeyBank Opens New, Full-Service Branch on Redmond Ridge [Yahoo! Finance]Yahoo! Finance
- KeyCorp (KEY) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Institutional investors have a lot riding on KeyCorp (NYSE:KEY) with 81% ownership [Yahoo! Finance]Yahoo! Finance
- KeyBank Surpasses $10 Million in Funded Loans Through Key Opportunities Home Equity Loan Program [Yahoo! Finance]Yahoo! Finance
KEY
Earnings
- 1/18/24 - Miss
KEY
Sec Filings
- 3/22/24 - Form ARS
- 3/22/24 - Form DEF
- 3/18/24 - Form 3
- KEY's page on the SEC website