KeyCorp’s Stock Price Plunges to $17.64, Witnessing a Sharp 3.61% Decline

KeyCorp (KEY)

17.64 USD -0.66 (-3.61%) Volume: 27.27M

KeyCorp’s stock price is currently at 17.64 USD, experiencing a downturn this trading session by -3.61%, with a substantial trading volume of 27.27M. Despite today’s dip, it still boasts a positive year-to-date (YTD) percentage change of +2.92%, showcasing its potential for steady growth.

Latest developments on KeyCorp

KeyCorp reported a fourth-quarter loss of $(279) million, impacted by securities sales, but also announced adjusted net income of $378 million. Despite the mixed results, the bank’s earnings beat estimates, driven by a surge in dealmaking. KeyCorp’s stock price dipped on weak asset quality, but the company remains optimistic about embedded banking expansion as deposits climb. KeyBank, a subsidiary of KeyCorp, plans to increase tech spending by 10% in 2025, showcasing a commitment to innovation. Despite challenges, KeyCorp’s private bank in Pittsburgh shone amid the Q4 results, demonstrating resilience in a volatile market.

A look at KeyCorp Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

KeyCorp, a financial services holding company, has received mixed Smart Scores indicating its long-term outlook. While the company scores well in areas such as dividends and momentum, it falls short in growth and resilience. This suggests that KeyCorp may be a reliable option for investors seeking steady dividends and a strong market presence, but may face challenges in terms of future growth and adaptability to market changes.

Overall, KeyCorp’s Smart Scores paint a picture of a company with a solid foundation but potential areas of improvement. With a focus on maintaining its dividend payments and building on its current momentum, KeyCorp may need to strategize on enhancing its growth prospects and resilience in order to secure long-term success in the competitive financial services industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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