Loading...
Loading...
Evercore Partners has published a report on KeyCorp
KEY.
In the report, Evercore Partners wrote, "Overall, mixed results driven by strong credit, lower expenses, but top line lower than expected with spread revenue down 22.5% LQA due to lower earning assets and 6 bps of NIM compression. Sizable credit leverage resulted in a negative provision of ($8m) vs ($40m) last qtr with a $142m reserve release adding $0.15 of EPS (vs
estimated release of $185m and $233m last qtr)."
Evercore Partners rated KeyCorp at Underweight with a price target of $8.00. KeyCorp closed Tuesday at $8.06.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in