Wall Street analysts expect KeyCorp (KEY) to post quarterly earnings of $0.27 per share in its upcoming report, which indicates a year-over-year decline of 6.9%. Revenues are expected to be $1.59 billion, up 1.7% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings announc ...

Despite Warren Buffett's move to sell Bank of America, these are three attractive bank stocks to look at in October. Warren Buffett's move to sell shares of Bank of America that Berkshire Hathaway owns has cast a cloud over the banking sector.The trending view is that, if Buffett is selling bank stocks, maybe there is a good reason. While Buffett's investing views are followed by many, you shouldn't just follow what an investor does in his (or her) own best interests. If you do your own homework on stocks i ...

Balance sheet repositioning, minority equity stake, decent loan demand and lower rates are expected to support KeyCorp (KEY) . Meanwhile, elevated expenses and weak asset quality are major near-term concerns. Minority Equity Stake, Balance Sheet Repositioning to Aid KEY On Aug. 12, KeyCorp announced a minority equity investment of $2.8 billion (in aggregate) by Canada's The Bank of Nova Scotia (BNS) (also known as Scotiabank) in two tranches at a fixed price of $17.17 per share. The first phase was complete ...

Core Insights - KeyBank has funded over $1 million in Neighbors First Credits, assisting 200 clients in achieving homeownership since the program's launch in July 2023 [1] - The Neighbors First Credit program provides $5,000 towards closing costs and other fees for eligible homebuyers [1][3] - KeyBank's 2024 Financial Mobility Survey indicates that 69% of Americans not currently in the market believe homeownership is unattainable [2] KeyBank Programs - The Neighbors First Credit has funded credits in various communities, including Cleveland (47 credits for $235,000), Columbus (25 credits for $125,000), Dayton (11 credits for $55,000), and Albany (9 credits for $45,000) [3] - KeyBank also offers the Homebuyer Credit, which has provided over $2.4 million in credits to 533 clients since its launch in September 2022 [3] - The Key Opportunities Home Equity Loan has funded $13 million in loans for 259 clients since its inception on March 1, 2023 [4] Company Commitment - KeyBank emphasizes its commitment to making homeownership affordable, accessible, and sustainable, aiming to help clients build wealth through various resources and programs [5] - The bank operates approximately 1,000 branches and 1,200 ATMs, with assets totaling approximately $187 billion as of June 30, 2024 [6]

AI and automation contribute to optimism despite macroeconomics impacting bottom line CLEVELAND, Sept. 26, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced the release of its semiannual Middle Market Sentiment Report, which surveyed more than 700 business owners and executives of companies with $10 million to $1 billion in annual revenue, to gather their insights on the current economic and company outlook, challenges currently affecting their businesses, and their growth plans for the year ahead. What's ...

This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a f ...

CLEVELAND, Sept. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 8.00 percent from 8.50 percent, effective tomorrow, Sept. 19, 2024. About KeyCorp KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at June 30, 2024. Key provides deposit, lending, cash management, and investment se ...

While election uncertainty stalls business decisions, small business owners remain resilient for the year ahead. CLEVELAND, Sept. 17, 2024 /PRNewswire/ -- Election years often bring heightened uncertainty for business owners, who must navigate potential policy shifts that could significantly impact their operations. KeyBank's Fall 2024 Small Business Flash Poll found that more than three in five (61%) small business owners polled plan to delay making major business decisions until after election results com ...

NEW YORK, Sept. 16, 2024 /PRNewswire/ -- KeyBanc Capital Markets Inc. ("KBCM"), the corporate and investment banking arm of KeyCorp (NYSE:KEY), announced today that Julie Andress, Managing Director, has been appointed to serve as the 2025 Board Chair for the Security Traders Association (STA). Founded in 1934, STA is a grassroots organization that educates its members on market structure issues while representing their interests with legislators, regulators and other industry associations. The organization ...

CLEVELAND, Sept. 11, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced a strategic relationship, which includes a minority investment, with Zentist, a leading cloud-based Insurance Revenue Cycle Management (RCM) software provider for Dental Support Organizations (DSOs) across the country. KeyBank will introduce Zentist's Remit AI software to its extensive network of DSOs, providing them with access to a transformative tool that enhances their dental insurance revenue cycle management operations. Remit AI s ...