KeyCorp: A Solid 6% Yield For Income Investors

jetcityimage KeyCorp (NYSE:KEY) submitted a mixed earnings sheet for the first fiscal quarter last week that showed a large drop in net interest income, but also solid credit quality. Importantly, I believe the recent inflation report -- which reflected a 3.5% increase in consumer prices in the month of March -- creates a favorable backdrop for banks in the short term. However, we are at the brink of cuts to the federal fund rate in FY 2024 which is set to result in even steeper drop-offs to the bank's  ...