KeyCorp’s Stock Price Soars to $14.21, Registering a Robust 4.33% Gain: A Remarkable Performance in the Market

KeyCorp (KEY)

14.21 USD +0.59 (+4.33%) Volume: 20.49M

KeyCorp’s stock price soars to $14.21, marking a significant intraday gain of +4.33% amidst a trading volume of 20.49M, despite a slight YTD percentage change of -1.32%, showcasing its resilient market performance.

Latest developments on KeyCorp

KeyCorp (NYSE:KEY) has been making headlines recently with various key events affecting its stock price. Despite facing losses on the day, KeyCorp stock managed to outperform competitors, with Q2 earnings and revenues beating expectations, although provisions also rose. JPMorgan Chase & Co. lowered the price target for KeyCorp to $16.50, while Royal Bank of Canada gave it an “Outperform” rating. Additionally, KeyCorp initiated coverage on several companies such as Chesapeake Energy, Crescent Energy, and Centuri. Analysts at KeyCorp have also provided new coverage and price targets for companies like EOG Resources, Black Stone Minerals, and Diamondback Energy. With all these developments, KeyCorp’s stock movements today are closely watched by investors.

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 favorable Smart Scores in key areas such as value and dividend. With a strong score of 4 for value and a perfect 5 for dividend, investors may find KeyCorp to be a promising choice for long-term investment. However, the company’s scores for growth, resilience, and momentum are slightly lower, indicating potential challenges in these areas moving forward.

Despite facing some hurdles in growth, resilience, and momentum, KeyCorp’s solid scores in value and dividend suggest a stable outlook for the company in the long term. As a provider of various financial products and services to a diverse client base, KeyCorp’s strong focus on dividends may attract income-seeking investors. While improvements in growth and resilience could further enhance the company’s overall performance, its current standing indicates a reliable option for those looking for consistent returns.

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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