KeyCorp (NYSE: KEY) has released its 2019 Corporate Responsibility report, highlighting the company's ongoing legacy as a responsible bank and citizen. Included in the report are the results from the first three years of the National Community Benefits Plan, under which KeyBank has invested over $12.1 billion in communities. KeyBank executives said the investments exceeded the goals for the first three years of the plan by 48%.
This large regional bank's stock has taken a serious hit since COVID-19 hit Wall Street's radar, but there are good reasons to consider adding it to your portfolio now.
KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the second quarter of 2020:
Q1 2020 KeyCorp Earnings Call
In recognition of its continued commitment to and advancement of diversity, equity, and inclusion practices, KeyBank has earned the 35th place on the 2020 DiversityInc "Top 50 Companies for Diversity" list. KeyBank was also recognized on multiple specialty lists, including:
On Wednesday, Frances Padilla, director of the Colorado Small Business Administration district office, told Denver Business Journal that her office is working to onboard 27 new Colorado SBA lenders to assist with the second round of PPP loan funding. PPP loans, which can be entirely converted into grants and forgiven, were created to aid businesses that employ 500 or fewer people suffering from the financial impact of the pandemic. During the first round of funding, the SBA approved of 41,635 PPP loans worth more than $7.39 billion for Colorado-based small businesses.
During Wednesday's Lightning Round of Mad Money one caller asked Jim Cramer about KeyCorp . In the daily bar chart of KEY, below, we can see the crushing February-March decline where the stock was more than cut in half in just a few short weeks. The On-Balance-Volume (OBV) line declined into early April and has not recovered all that much.
Dividends “are broadly safe, but also selectively at risk,” Keefe, Bruyette & Woods analysts said, projecting that 10% of banks in its coverage universe are at risk for a cut.
KeyCorp (NYSE: KEY) will announce second quarter 2020 earnings on Wednesday, July 22, 2020, before the market opens. A conference call will be held at 9:00 a.m. ET to review financial results, strategy and outlook.
Beth Mooney became the CEO of KeyCorp (NYSE:KEY) in 2011. This report will, first, examine the CEO compensation levels...
Analysts at Wedbush say that bank stocks aren’t likely to retest the lows they reached in late March.
Key Private Bank, the wealth management division of KeyCorp (NYSE: KEY), today announced that it is the recipient of the 2019 Fiduciary or Trust Services Award from Family Wealth Report (FWR).
KeyCorp Chief Executive and Chairman Beth Mooney retired Friday from the regional lender, and was succeeded by Chief Operating Officer Christopher Gorman, who assumes both roles. The announcement, initially announced in September, was formalized in a filing Friday. Shares of KeyCorp were up 0.5% in after-hours trading. KeyCorp stock is down 37.5% in the last 12 months. The broader S&P 500 index is down 4% over the last year.
DMC Global, a publicly traded Broomfield-based oil and gas industry supplier, has returned $6.7 million it borrowed under a federal loan program meant to help small businesses prevent layoffs and pay employees.
PNC recently came into a large amount of cash after selling its entire stake in BlackRock, making it clear that it is looking to make a big deal.
KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, and Don Kimble, Chief Financial Officer, will present at the Deutsche Bank Global Financial Institutions Conference virtually on Tuesday, May 26, 2020, at 3:20 p.m. ET.
While 75% of Americans consider themselves financially savvy, 36% don't know how, or prefer not, to answer basic financial literacy questions, according to KeyBank's 2020 Financial Wellness Survey. This Financial Capability Month, Americans are facing new and unprecedented wellness challenges—both financial and health related—due to the spread of COVID-19. With temporary businesses closures and the loss of cash flow for many workers, households are feeling the economic effects.
UBS analyst Saul Martinez cut his ratings on Wells Fargo and PNC to sell and KeyCorp to neutral. Losses on loans will hurt the banks, he said.
Bank of America tops the list Continue reading...
KeyCorp's (KEY) robust top-line growth and strong balance-sheet position bode well for growth. However, the near-zero interest rates might hurt.