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Fly News Breaks for January 22, 2016
KEY
Jan 22, 2016 | 07:39 EDT
Stephens analyst Terry McEvoy upgraded KeyCorp to Overweight from Equal Weight following the bank's Q4 results, saying he thinks the benefits from the First Niagara acquisition are not reflected in the stock's current valuation. McEvoy set a $14 price target on KeyCorp shares.
News For KEY From the Last 2 Days
KEY
Apr 18, 2024 | 07:03 EDT
Sees FY24 noninterest income up 5%+. Sees relatively stable noninterest expense vs. FY23, net charge-offs 30-40bps, and a GAAP tax rate of about 20%.
KEY
Apr 18, 2024 | 07:02 EDT
In the long term the company expects: positive operating leverage, cash efficiency ratio of 54%-56%, net charge-offs to average loans 40-60 basis points and ROTCE 16%-19%. Guidance taken from Q1 investor presentation slides.
KEY
Apr 17, 2024 | 13:19 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Blackstone (BX), consensus 96c... Elevance Health (ELV), consensus $10.53... D.R. Horton (DHI), consensus $3.06... Genuine Parts (GPC), consensus $2.16... Snap-on (SNA), consensus $4.64... Keycorp (KEY), consensus 22c... Ally Financial (ALLY), consensus 33c... Alaska Air (ALK), consensus ($1.05).