AN a new low for the day. Not a good sign for earnings.
B
KeyCorp will continue to decline, not steadily but over time. They beat earnings, yes, but are far behind their competitors. Leadership needs to change, old banking is still at the heart of this institution and too much talk does not move the company forward.
T
KeyCorp price target raised to $23 from $20 at RBC Capital RBC Capital analyst Gerard Cassidy raised the firm's price target on KeyCorp to $23 from $20 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company has been "rebuilt, de-risked, and better-managed", proving to investors that it is not the "KeyCorp of old" when it collapsed during the 2008 GFC from the weight of its non-performing assets, the analyst tells investors in a research note.
B
Congrats RBC. Welcome to the here and now. I called 22 weeks ago!!!
D
Good luck Longs on Earnings report tomorrow morning. Thumbs up if you think above $22.15 resistance level or thumbs down below.
D
Another regional bank merger BancorpSouth Bank and Cadence Bancorp. Though quite small, market cap of both banks are around $3B compared to KEY $20B. Its going to happen. Scale is KEY.
B
Congrats to the BIG DOG on a blowout quarter while so meticulously managing the balance between growth and risk!! I see the Double Duce (22) by eom.
B
Oh ya. Looking for a great call followed by 22 (the Double Duce!!).
D
With JPM, WFC releasing big amount of reserves. That is a big vote of confidence especially for WFC. KEY could also do the same. Expect upgrades tomorrow. According to the Fed dot plot, 3 increases next year = $15 million to KEY's bottom line. Every .25 increases in fed funds is $5 million for KEY according to their slides.
c
Financial selling off to macd support (TNA) touch an go higher high begins thursday..
D
Who is investing all this money in key? 6 billion in revenue and 1.3 in earrings in with a 21 billion market cap. How can future news be positive for banks?
d
Bank and Energy companies are the ones that will have a great potential to go higher. Buy at any pullback.
c
Div. Hike may 13.
B
Anna - congrats, you’ve been muted sweetie!!
D
Next resistance level for KEY is $22.15. Its 5yr high. Motley Fool came out with article stating that HSBC, KEY and RF are potential targets for US Bank, Citizens and Fifth Third. If you look at the KRE, its up 33% YTD, while KEY is only 25% so some potential catching up to do plus there PE is lower than its peers. Plus, with the 10yr hitting new highs today, they could surprise on Q1 Earnings next month.
B
KEY downgraded by Piper Sandler today from OVERWEIGHT to NEUTRAL. Price target $20.50.
Piper wait till KEY goes to $25 and higher. The great rotation from growth to value is under way, plus they just bought an analytics company today to help them understand there customers better. After CCAR in Jun, the fed hopefully will ok div increase this year which will give the stock another boost.
Buy at any pullback.
Target Raised by Stephens & Co. Equal Weight USD 20 » USD 23