KeyCorp: A High-Yielding Bank Trading Down In The Dumps [Seeking Alpha]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
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US:NYSE Investor Relations:
investor.key.com
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Source: Seeking Alpha
Denis_VermenkoBanks continue to trade rather cheaply relative to the overall market. This presents patient investors an opportunity to layer capital into this beaten down sector while getting paid an attractive dividend yield.While the larger banks such as JPMorgan Chase () and Bank of America (BAC) attract a lot of attention, there are regional banks out there that are also value-priced while throwing off an even higher yield.This brings me to KeyCorp (NYSE:KEYWhy KEY?KeyCorp is a top 20 regional bank in the U.S., with assets of over $170 billion. It's primarily centered around Ohio and New York with a footprint in a total of 16 states. KeyCorp operates as both a community and corporate bank, serving middle-market commercial clients.KeyCorp has undergone drastic changes to its operating model since the Great Financial crisis, when it was forced to cut its dividend due to its foray into higher-risk commercial and construction-related lending in states outside of its footprint. Since t
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KEY
News
- KeyBank's Support for Small and Middle Market Businesses in 2023 Wins Greenwich Awards [Yahoo! Finance]Yahoo! Finance
- Star Equity Holdings Announces its KBS Builders Business Unit Closed a $4 Million Revolving Line of Credit with KeyBank [Yahoo! Finance]Yahoo! Finance
- NCWIT and KeyBank Honor 38 Students and 2 Educators From Across Ohio With 2024 Aspirations in Computing Awards [Yahoo! Finance]Yahoo! Finance
- Polaris (PII) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Goodwill of the Olympics and Rainier Region Receives $300,000 Grant From KeyBank for Clean Energy Initiative [Yahoo! Finance]Yahoo! Finance
KEY
Earnings
- 4/18/24 - Miss
KEY
Sec Filings
- 4/18/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- KEY's page on the SEC website