Alert: New Earnings Report (4/18/24)-KeyCorp (NYSE: KEY).

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For its first fiscal quarter (ending March 31), KeyCorp (NYSE: KEY) has reported E.P.S. of $0.20 compared to $0.30 a year ago. For the latest four quarters through March 31, E.P.S. were $0.79 compared to $1.77 a year ago.

Recent Price Action

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KeyCorp (NYSE: KEY) stock closed at $14.38 on 4/18/24 after a slight decline of -0.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 226% of normal. The stock has declined -3.1% during the last week but has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, KEY is expected to continue to be an important Value Builder.

KeyCorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. KeyCorp has a very high Appreciation Score of 88 and a very high Power Rating of 88, with the Highest Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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