KeyCorp Wasn't Loved Before, And Now Reserves Are A New Worry [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
SummaryReserve adequacy has emerged as a new concern for KeyCorp, as the Street worries that the bank may be under-reserving for the expected surge in charge-offs.Underlying business trends were okay in the first quarter, with a modestly better than expected pre-provision operating profit on better NIM and loan growth.KeyCorp looks significantly undervalued on a long-term basis, and even though the bank will likely have to add to its reserves, the discount to tangible book seems too wide.I thought thatKEYI do think it is likely that KeyCorp will increase its reserves as the year goes on; most banks have already acknowledged that the second quarter is on a worse trajectory than Q1 reserving decisions anticipated, but I also think the company will come through this okay. This is basically a trade now on Street sentiment around reserves, and KeyCorp admittedly doesn’t have as thick of a capital cushion as I’d like. Still, more aggressive investors may want to consider Key, as it is a ban
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KEY
News
- HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO THE INDEPENDENT DIRECTORS OF KEYCORP [Yahoo! Finance]Yahoo! Finance
- HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO THE INDEPENDENT DIRECTORS OF KEYCORPPR Newswire
- The Middleby Corporation (MIDD) M&A Call Transcript [Seeking Alpha]Seeking Alpha
- KeyCorp (NYSE:KEY) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Texas Pacific Land Corp. is a modern energy powerhouse, says Keybanc's Tim Rezvan [CNBC]CNBC
KEY
Earnings
- 10/16/25 - Beat
KEY
Sec Filings
- 12/4/25 - Form 4
- 11/26/25 - Form 4
- 11/25/25 - Form 8-K
- KEY's page on the SEC website