KeyCorp (KEY) Tops Q3 EPS by 2c
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October 21, 2024 5:55 AM EDT
DA Davidson analyst Peter Winter raised the price target on KeyCorp (NYSE: KEY) to $20.00 (from $19.00) while maintaining a Buy rating.
The analyst comments "Stage is set for peer leading positive leverage in 2025 as KEY maintained its 2025 NII outlook of 20%+ growth, with strong... More
October 18, 2024 7:06 AM EDT
RBC Capital analyst Gerard Cassidy raised the price target on KeyCorp (NYSE: KEY) to $18.00 (from $17.00) while maintaining a Outperform rating.
The analyst comments "After posting strong core growth in the 3Q24, we believe 2Q24 was the inflection quarter for net interest... More
October 17, 2024 9:23 AM EDT
Barclays analyst Jason Goldberg reiterated an Equalweight rating and $16.00 price target on KeyCorp (NYSE: KEY)
The analyst comments "EPS was ahead. NII and expenses were better than consensus though fees were light. Results benefited from a lower than expected provision though... More
October 17, 2024 9:22 AM EDT
Citi analyst Keith Horowitz reiterated a Buy rating and $19.00 price target on KeyCorp (NYSE: KEY).
The analyst comments "KEY reported core PPNR largely in line with our estimates (consensus clouded due to securities repositioning) with NII in line and while fees... More
October 17, 2024 9:19 AM EDT
Goldman Sachs analyst Ryan Nash reiterated a Buy rating and $19.00 price target on KeyCorp (NYSE: KEY).
The analyst comments "High level thoughts on earnings: KEY reported 3Q24 EPS of ($0.47). Adjusting for one-time items ($918mn securities and $6mn FDIC reversal) we peg core EPS at $0.30, slightly above Visible Alpha Consensus Data of $0.28 with the slight beat driven by lower core expenses ($1.10bn vs. $1.12bn expected). Core PPNR was higher than expected ($513mn vs. $496mn) with expenses coming in lower while NII was better ($952mn vs.... More
