KeyCorp (KEY) Tops Q3 EPS by 2c

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KeyCorp (KEY) PT Raised to $20 at DA Davidson

October 21, 2024 5:55 AM UTC

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

KeyCorp (KEY) PT Raised to $18 at RBC Capital

October 18, 2024 7:06 AM UTC

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

Barclays Reiterates Equalweight Rating on KeyCorp (KEY)

October 17, 2024 9:23 AM UTC

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

Citi Reiterates Buy Rating on KeyCorp (KEY), 'Overall good quarter'

October 17, 2024 9:22 AM UTC

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

Goldman Sachs Reiterates Buy Rating on KeyCorp (KEY)

October 17, 2024 9:19 AM UTC

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