keycorp

According to Keefe, Bruyette & Woods, KeyCorp (NYSE: KEY) reported better-than-expected operating results of $0.27/share. Keefe, Bruyette & Woods reported that expenses came in better than expected; however, the majority of the beat was due to an outsized reserve release. “Revenues missed...

Jefferies is out with its report today on KeyCorp (NYSE: KEY), lowering its PT from $10 to $9.50. In a note to clients, Jefferies writes, "Our price target of $9.50 is established by applying a 1.1x multiple to KEY's current tangible book value per share of $8.59. This is below the bank's...

Sterne Agee has initiated coverage on KeyCorp (NYSE: KEY) with a Neutral rating and $10 price target.

Wells Fargo is initiating coverage on Belo Corp. (NYSE: BLC) with an Outperform rating. It is raising estimates on ConAgra Foods (NYSE: CAG), KeyCorp (NYSE: KEY), SunTrust Banks (NYSE: STI), Accenture (NYSE: ACN), CGI Group (NYSE: GIB) and Oracle (NASDAQ: ORCL). It is lowering estimates on Fifth...

Morgan Keegan has raised the price target on KeyCorp (NYSE: KEY) from $9 to $10 and maintains its Market Perform rating.

In a report published by Citi, Keycorp's (NYSE: KEY) TARP repayment reduces overhang. Citi said that KEY announced on Friday it is issuing $625 mil in common stock (70.6 mil shares at $8.85) to repay the $2.5 billion in TARP capital. “We are maintaining our full-year 2011 est., but are reducing...

Citigroup has raised the price target on Keycorp (NYSE: KEY) from $9 to $10 and maintains its Hold rating.

KeyCorp (NYSE: KEY) reported better than expected 3Q EPS mostly driven by a significant loan loss reserve release, but also nice PTPP trends led by stronger than expected net interest revenue helped by CD repricing and an increase in securities, slightly better fees with solid I-banking and letter...

Oppenheimer has published a research report on KeyCorp (NYSE: KEY) and is downgrading the company to Perform following the favorable price performance reported in the third quarter. In the report, Oppenheimer writes "Given the strong price performance of KeyCorp over the past year versus peers and...

Citigroup has published a research report on U.S. Banks following 3Q results. In the report, Citigroup writes "While we continue to see downside to 2011 EPS estimates for the large cap banks, we expect bank stocks can outperform in near term as we see our banks either meeting or exceeding 3Q...

Deutsche Bank has posed some key questions currently facing banks: 1. With NII/NIMs being pressured by continued declines in interest rates, how will banks increase/maintain revenues? 2. After being net sellers of securities in 2Q, the largest US banks have been net buyers of securities so far in...