17.31 0.00 (0.00%)
After hours: 5:29PM EDT
|Bid||17.07 x 800|
|Ask||17.47 x 29200|
|Day's Range||17.05 - 17.52|
|52 Week Range||13.66 - 21.91|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||10.13|
|Forward Dividend & Yield||0.68 (3.97%)|
|1y Target Est||N/A|
Dividend paying stocks like KeyCorp (NYSE:KEY) tend to be popular with investors, and for good reason - some research...
The competition for deposits shifts into high gear in Western New York as some banks offer large cash bonuses to new customers who open certain checking accounts.
In a complaint filed in Ohio, KeyBank alleges that it lost or could lose approximately $122 million as a result of fraudulent activity involving a business customer.
KeyCorp (KEY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The parent company of KeyBank N.A. says recently-discovered fraudulent activity by a business customer could cost the company up to $90 million.
Shares of KeyCorp shed 2% in premarket trading Tuesday, after the regional bank disclosed that it had discovered "fraudulent activity" conducted by a business customer of its KeyBank National Association subsidiary. The bank said while it continues to investigate the activity associated with the transactions, which were conducted in the third quarter of its 2019 fiscal year, it estimates the potential exposure to the bank of up to $90 million. KeyCorp said it was working with law-enforcement authorities and believes the incident is "an isolated occurrence involving a single business relationship." The stock had gained 3.6% over the past three months through Monday, while the SPDR S&P Regional Banking ETF has declined 3.7% and the Dow Jones Industrial Average has advanced 3.4%.
KeyCorp shares traded notably lower Tuesday after the lender uncovered fraudulent activity associated within one of its business customers in its current quarter.
Christopher Gorman is familiar with Buffalo. For months, the vice chairman and president of banking at KeyCorp was in town weekly during the integration of First Niagara Financial Group Inc., the largest acquisition in KeyCorp’s history. Gorman is one of the top executives of the Cleveland-based parent company of KeyBank N.A. In June 2017, he became one of two vice chairmen of the $141.5 billion financial institution. KeyBank is the second-largest deposit-holder in the eight counties of Western New York.
Ford Motor Co. on Wednesday added KeyCorp CEO Beth Mooney to its board of directors. Among automakers, Mooney's appointment gives Ford (NYSE: F) a total of 14 board members, but only three of them are women. In contrast, rival automaker General Motors Co. (NYSE: GM) has six women on its 11-person board.
In her new role, Fran O’Rourke will lead wealth management teams in KeyBank’s Capital Region, Central New York, Rochester, Western New York and Connecticut markets.
KeyCorp NYSE:KEYView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for KEY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KEY. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.11 billion over the last one-month into ETFs that hold KEY are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. KEY credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
A decade after KeyCorp slashed its dividend during the financial crisis, the payout looks very secure these days, research firm New Constructs says. That should offer some consolation to disappointed investors.
Building on Thursday's bounce, stocks ended the final trading day of the week, month and first half of 2019 on a high note. The S&P 500's 0.58% gain didn't quite carry it back to record-high territory, but that level is within sight and easy reach.Source: Allan Ajifo via Wikimedia (Modified)Bank of America (NYSE:BAC) gets a bunch of the credit. Shares of the mega-bank were up nearly 3% on the heels of news that a generous buyback and dividend payment budget has been approved by the Federal Reserve. Constellation Brands (NYSE:STZ) technically logged the bigger gain though, rallying 4.7% on a solid first-quarter revenue beat and equally impressive guidance.Weighing the market down was the surprising 1.2% for Advanced Micro Devices (NASDAQ:AMD). Although generally a great performer on days that are good for the broad market, traders decided shares were overextended from their outstanding performance through the first half of the year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 F-Rated Stocks to Sell for Summer Headed into the first day of a trading week that will halt halfway through to celebrate Independence Day, the stock charts of KeyCorp (NYSE:KEY), Procter & Gamble (NYSE:PG) and Mohawk Industries (NYSE:MHK) hold the most interest. Here's what's most noteworthy. Mohawk Industries (MHK)Back on May 14, I pointed out Mohawk Industries shares were finding strong support at key moving average lines, which had a good chance of pushing the stock up and over a major resistance level than at $144. Although it was going to take some time and a little luck to make it happen, it was a prospect worth watching.As of Friday, MHK shares are at $147.47, above a key ceiling not for the first or second time, but a third time. And, it's this third effort that looks most built to last, as a couple of other bullish clues have materialized in the meantime. Click to Enlarge * The $144 area was February's peak, but as of the middle of May, that was also where the white 200-day line was. That long-term moving average line has since fallen, but either way, Mohawk shares are above it. * The purple 50-day moving average line has also moved above the 200-day average, creating a so-called "golden cross" that points to a new bullish undertow that should last for a while. * The pullback in mid-June was daunting, but all it took was a kiss of the 50-day moving average line to reverse course for higher highs again. The fact that the 50-day average is support bolsters the golden cross that took shape last month. * Zooming out to the weekly chart it becomes clearer how much support a couple of the stock's key moving averages are now providing. Procter & Gamble (PG)One bad day doesn't quell an uptrend. But, two sizeable setbacks in four days and a complete unwillingness to participate in marketwise bullishness is highly suspect.That's Procter & Gamble right now. Friday's loss was hardly devastating, but the close was well under the open, and the volume behind the selloff was significant. The move lower also solidified a pullback effort that has been taking shape since PG stock bumped into a long-established resistance line in the middle of June. It's all part of a rising trading range, though given the length of the advance, there's good reason to be concerned the fresh weakness could be an omen of a major correction. * 7 One-Stock Portfolios for Passive Investors Click to Enlarge * The prod for last week's weakness was a new encounter with a rising resistance line, plotted in white on both stock charts, that extends back to May of last year. * We've seen this ceiling push P&G stock lower before, though, usually to no avail. A floor has been established, marked with a red dashed line on both stock charts, but the gray 100-day moving average line may also act as support if tested. * If neither of those floors holds up in the event of a more serious wave of selling, the next-best support area is the white 200-day line, currently at $96.88 but rising quickly. KeyCorp (KEY)In early June, KeyCorp was pegged as a breakout candidate. The stock had been increasingly squeezed into the tip of a converging wedge pattern, and was running out of room. There is a major technical ceiling to clear in conjunction with the upper boundary of the wedge, but if breached, such a move could prove catalytic.That happened. Although the rally took a breather as the pivotal ceiling was met, the bulls held their ground until they could regroup. Thursday's advance cracked the ceiling, and Friday's follow-through move outright broke it. There's little left to hold the stock back here, particularly if the rest of the banking sector's stocks continue to advance. Click to Enlarge * The upper boundary of the wedge is marked in yellow on both stock charts, but the best bullish argument here is the move above the white 200-day moving average line. * The thrust is healthier than it may even seem on the surface. For the better part of June, the purple 50-day and gray 100-day moving average lines served as support, turning into a pushoff point for the new rally. * Despite headed into a weekend that many people will use as the beginning of a vacation, the amount of buying volume grew nicely into Thursday's and Friday's sessions.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks Compare Brokers The post 3 Big Stock Charts for Monday: KeyCorp, Procter & Gamble and Mohawk Industries appeared first on InvestorPlace.
KeyBank N.A. announces $181,000 in Buffalo-area grants as it celebrates the opening of an East Side branch.
USI Insurance Services LLC wanted to enhance its employee benefits practice across Upstate New York.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
Cheap stocks that pay generous—and growing—dividends have much to recommend them right now, Barron's reports. If the economy continues to grow, and interest rates continue to rise, these stocks will continue to offer competitive alternatives to bonds. Three stocks that fit the bill, per Barron's, are regional bank KeyCorp (KEY), semiconductor maker Broadcom Inc. (AVGO) and clothing retailer Gap Inc. (GPS). The relatively low payout ratios for the three highlighted stocks indicate that they have ample ability to increase payouts.
The investments have gone toward residential mortgage loans for low- and moderate-income buyers, community development investments, small business loans and nonprofit grants.
In college, DeVale Jackson thought she would be a social worker. “When I graduated, it was time to pay back my student loans,” said Jackson, 53, of Buffalo. “And I needed to find a job.” She has been in financial services ever since, working for lenders including HSBC Bank USA N.A., M&T Bank and First Niagara Bank N.A. Today Jackson is branch manager of KeyBank N.A.’s new office on the city’s East Side.
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and recouped their losses by the end of the first quarter. […]
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does KeyCorp (KEY) have what it takes? Let's find out.
It wasn't clear they were ready to make it happen early in the day, but as Thursday's closing bell neared, the bulls went to work. The S&P 500's 0.61% gain yesterday marks the third straight daily advance, and although it took shape on weakening volume, stocks are at least further away from immediate danger.Source: Allan Ajifo via Wikimedia (Modified)Advanced Micro Devices (NASDAQ:AMD) and Snap (NYSE:SNAP) did more than their fair share of the heavy lifting. The computer hardware company's stock jumped nearly 8% after Morgan Stanley finally reversed its long-standing bearish view, while shares of Snapchat's parent popped almost 7% in response to an upgrade from Pivotal Research's analyst Michael Levine. Levine says the company has "turned the corner" on user growth.At the other end of the spectrum, China's electric carmaker Nio (NYSE:NIO) saw its stock fall more than 6% on Thursday, unable to hold onto Wednesday's gain that indicated strong deliveries for May.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Could Be Takeover Targets None of those names are particularly great trading prospects as we move into the final day of the week. Rather, take a look at stock charts of AT&T (NYSE:T), KeyCorp (NYSE:KEY) and Metlife (NYSE:MET). Here's why. Metlife (MET)In mid-April we pointed out Metlife shares were knocking on the door of a breakout effort. A horizontal ceiling at $46.30. If it could be hurdled, the bulls would have a much easier time pushing it even higher.Although not straightaway, that happened. After peeling back in late April, the bulls pushed off the 50-day moving average line to blast past $46.30 in early May. Since then, a new horizontal range has developed, though MET stock is about to punch through it as well. That could really open the floodgates to more buying. Click to Enlarge * The line to watch from here is $48.80. Plotted in blue on both stock charts, that's where Metlife ran into trouble a couple of times last year, and near where it has been capped since last month. * Working against more upside is Tuesday's bullish gap; it may need to be filled in before moving ahead. * Also note that all four key moving average lines are now sloped upward, indicating a bullish undertow in multiple timeframes … one of the telltale clues that any trend is healthy. AT&T (T)The last time we looked at AT&T back on April 2, the stock had just broken above a long-standing resistance line at the same time it popped above its key 200-day moving average. Although far from assurance that higher highs awaited, it was the best evidence of gains we'd seen in years.Things have remained choppy in the meantime, though progressive. We've seen higher highs and higher lows, solidifying the turnaround effort. Although more up and down is likely, T shares are one good "oomph" away from breaking all the way out of a downtrend and back into rally mode. Click to Enlarge * Since April, a near-term technical floor has materialized, plotted in blue on both stock charts. The current effort is the result of pushing up and off of that floor. * Also, since that last look, the purple 50-day moving average line has crossed above the white 200-day line … a so-called "golden cross" that portends bigger-picture bullishness. * A break above the technical ceiling around $32.50, plotted in red on both stock charts, will likely put the long-term weakness out of sight and out of mind. KeyCorp (KEY)KeyCorp has been run through the same basic wringer as most other bank stocks have of late. That is, an ugly December, a great January, a so-so February, a tough March followed by a great April, leading into a setback in May. June is still up in the air.There has been far more structure to the ebb and flow KEY stock has been through recently than there has been for other banking stocks. The end result is a well-defined converting wedge pattern that's putting KeyCorp in good position for a breakout thrust. The big ceiling ahead is indeed a BIG ceiling. Click to Enlarge * The current advance is the result of a push up and off the floor that has tagged all the key lows since December, plotted in blue on both stock charts. * The upper boundary of the wedge shape is plotted in yellow on both stock charts, lining up the major highs, but also lining up with the 200-day moving average line plotted in white on both charts. * Although it wouldn't take shape until after several days following a move above the 200-day moving average line, all the other moving average lines are on an intercept course for the 200-day line, which would bolster bullishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 3 Big Stock Charts for Friday: AT&T, Metlife and KeyCorp appeared first on InvestorPlace.