KeyCorp Shakes Off Earnings Miss, Still A Good Value Play [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
KeyCorp Shakes Off Earnings Miss, Still A Good Value Play Summary The market has all but forgotten KeyCorp's rare all-round earnings miss, as shares have rebounded towards pre-earnings levels. Aside from astounding underperformance in capital markets, likely fighting short-term headwinds, the company's numbers looked solid. Given the robustness of the balance sheet, the strong business fundamentals and rock-bottom valuations, I believe KeyCorp may be a worthy value play. The earnings miss seems to be in the rear-view mirror. Shares of KeyCorp ( KEY delivered consensus (Image Credit: WSJ But over the following couple of trading days, KEY recovered virtually all its post-earnings market losses. I believe the rebound was reflective of the bank's fundamentals that, under the hood, did not look overly concerning. It probably helped that the stock trades at the lowest levels within the super-regional banking space, both on a forward P/E basis (see chart below) and from a price-to-tangible b
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KEY
News
- 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
- Dunes Point Capital, LP has sold the manufacturing business of Harvey Building Products to Cornerstone Building Brands [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