KeyCorp (NYSE: KEY)
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KeyCorp Returns vs. S&P
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KeyCorp Company Info
Bank holding and financial holding company. Its subsidiaries provide retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate & institutional clients.
News & Analysis
These two banks have among the highest yields in the banking industry.
These days a trip to the bank can be done virtually in a number of ways. How is that affecting the banking industry and its clientele?
KeyCorp closed out 2021 with another strong quarter. But there are other reasons to buy the stock, too.
KeyCorp recently announced a 5.4% increase in its payout to shareholders. It reports earnings on Thursday.
KeyCorp looks to be heading in a good direction with its national digital bank, and it also has strong fundamentals behind its business.
KeyCorp's strong 2021 balance sheet and a $1.5 billion stock buyback plan, all while shares look undervalued, suggest the answer is "yes."
The bank is not expecting much loan growth, but lower credit expenses, another strong year in investment banking, and progress on its digital consumer bank could drive its earnings and valuation higher.
Their strong dividends are far more protected than the market collectively seems to believe.
Valuation
Earnings Transcripts
KEY earnings call for the period ending June 30, 2022.
KEY earnings call for the period ending March 31, 2022.
KEY earnings call for the period ending December 31, 2021.
KEY earnings call for the period ending September 30, 2021.
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