@BrownsTribeCavs - So I was in downtown Cleveland yesterday walking right by KEY headquarters. The front doors open up & a Big Dog comes out a takes a massive dump on the sidewalk. Is this a good or bad sign for KEY stock price?
B
@Anonymous - You really are a sphincter. I have no idea if KEY will be acquired or acquire another bank - never even mentioned it. "Little Chrissy ain't know Jaime D"? Really? Did you even make it through high school? Jamie Dimon is CEO of JPM - a much larger investment bank. Very different from a regional bank like KEY. New CEO Chris Gorman seems like a good choice, why not give him a chance?
A
Thank goodness Beth is gone. You go Little Chrissy. Sure hope you weren't laundering money or this stock will sink to $9.00.
M
under $12 and I'm buying all day
M
Can they maintain the dividend, thoughts?
M
setting up nicely.
B
@gary - KEY has a tangible book value of approx $15/share, $5 stock price is never going to happen unless the entire USA economy collapses. All regional banks will have a rough Q3/Q4 due to those low interest rates & loan defaults by small/medium businesses & consumer loans. Plus reduced profits in Q3/Q4 will put their dividends in jeopardy. Regional banks are cyclical & the time to invest in them is when they are near multi-year lows. Expect a huge pop in bank stock prices when the USA FDA approves a COVID-19 vaccine towards the end of 2020.
J
This will pop to $15+ some day soon. Long term it’ll go back to $20.
T
How comes we're not seeing premarket action with this baby? Every other bank is down big time
J
20$ stock all day, load up
B
Conference call over. I would suggest that people log on to the KEY website & review the slide presentation - lots of good information. Q2 results were not great or terrible. EPS down significantly due to near zero FED interest rates. KEY added to loan loss reserves in anticipation of future loan defaults. The .16/share EPS puts a little pressure on the .185 quarterly dividend. KEY did not provide future guidance for Q3. IMO, KEY is in the same situation as nearly all other regional banks. Profits will be reduced for the foreseeable future as long as interest rates are near zero. Key has an exposure to future loan defaults that will hopefully be covered by their loan provisions. The virus situation will have an effect on the loan losses as high unemployment & business closures will contribute to loan defaults. IMO, KEY & all other regional banks are in a trading range until interest rates rise, vaccine becomes available or virus situation gets worse.
R
To anyone considering beware. I've been watching this stock and it never goes below 12.40. Even with morning and afternoon sell off's. Coincidentally it seems like there is always someone to buy in right as someone sells. The buy and sell's all look the same. Someone might have this propped up.
K
Key Bank has great upside potential. Feds can’t make prime rate any lower which means what for Key Bank in future. Sooner or later the Fed is going to increase the rate. Higher the rate more bank profits which would make Key share price go way upward. Buy the stock now and be patient Look at historical prices of Key Bank. The experts always like to downgrade a stock when price is low and same experts never say it’s a Buy until it’s too late. Recently a prefect example is airline stocks - when they were low - nobody recommended a Buy - stocks take off and bunch of Buys came out on airlines when it was too late. Key is a buy now under $12 - not when the stock hits $18
D
so far the guy who bought all those July 12.5 calls has got to be upset
Y
KEY-PK reached an all time high at 28.34
S
Just got in on Tuesday nice pop. Nice yield and will hit $15+ soon Buffet just increased his Bank of America holding and I think key could outperform it’s peers.
B
Listening to the conference call right now. There is a link at www.key.com "Investors" section. Remember that 2Q results are in the past - APR-MAY-JUNE. It is the forward guidance that will move the stock price.
Enjoy the benefits of being a KeyBank client. We offer checking & savings accounts, credit cards, insurance, and loans. Open your KeyBank account today!
Enjoy the benefits of being a KeyBank client. We offer checking & savings accounts, credit cards, insurance, and loans. Open your KeyBank account today!
www.key.com
D
19000 12.50 calls. wow
G
I think this bank is more insulated against covid recession because clients in that region are predominately involved in industries less disrupted by covid. Banks in the big coastal cities have more clients working in disrupted industries (travel leisure, hospitality, real estate, entertainment)
All regional banks will have a rough Q3/Q4 due to those low interest rates & loan defaults by small/medium businesses & consumer loans. Plus reduced profits in Q3/Q4 will put their dividends in jeopardy.
Regional banks are cyclical & the time to invest in them is when they are near multi-year lows. Expect a huge pop in bank stock prices when the USA FDA approves a COVID-19 vaccine towards the end of 2020.
Q2 results were not great or terrible. EPS down significantly due to near zero FED interest rates. KEY added to loan loss reserves in anticipation of future loan defaults. The .16/share EPS puts a little pressure on the .185 quarterly dividend.
KEY did not provide future guidance for Q3.
IMO, KEY is in the same situation as nearly all other regional banks. Profits will be reduced for the foreseeable future as long as interest rates are near zero. Key has an exposure to future loan defaults that will hopefully be covered by their loan provisions. The virus situation will have an effect on the loan losses as high unemployment & business closures will contribute to loan defaults.
IMO, KEY & all other regional banks are in a trading range until interest rates rise, vaccine becomes available or virus situation gets worse.
Remember that 2Q results are in the past - APR-MAY-JUNE. It is the forward guidance that will move the stock price.