KeyCorp's Balance Sheet Optimization Can Lift Shares [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
Key's asset mix leaves it well-insulated from ongoing pressures in commercial real estate, making shares attractive. Key's stable deposit base, conservative reserving, and small exposure to troubled asset classes make it a safe haven within the regional banking sector. Shares of KeyCorp ( NYSE: KEY ) have been an underperformer over the past, alongside most of the regional banking sector, as the industry faced pressures in the wake of Silicon Valley Bank's failure. I last wrote about Key in October 2022, before the regional banking crisis, rating the stock a “buy.” Since then, it has returned just 3%, significantly lagging the S&P 500, though KEY has outperformed most regional banks with a leading ETF ( KRE ) losing about 16% of its value since then. Importantly, I believe Key's asset mix leaves it well-insulated from ongoing pressures in commercial real estate, making shares attractive today. In the company's fourth quarter , Key earned $0.25 in adjusted earnings, excluding th
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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