KeyCorp (NYSE: KEY) has reported a loss for its third fiscal quarter (ending September 30) of $-0.47 versus $0.29 for the same period a year ago — a decline of -262%. Relative to the consensus estimate of $0.22, this was a shortfall of $-0.69. For the latest four quarters through September 30, E.P.S. were $0.00 compared to $1.23 a year ago — a decline of -100%.
Recent Price Action
KeyCorp (NYSE: KEY) stock declined by -2.5% on 10/17/24. The shares closed at $17.25. Moreover, above average trading volume at 130% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 2.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. KeyCorp has a good Power Rating of 72 and a very high Appreciation Score of 85, leading to the Highest Value Trend Rating.
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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