Goldman Sachs Resumes KeyCorp (KEY) at Neutral

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/23/2026

1. GOOGL
2. TSLA
3. TXN
4. NOW
5. AMD
6. GOOG
7. INTC
8. CSX
9. KNX
10. IBM

April 11, 2012 8:03 AM EDT
Get Alerts KEY Hot Sheet
Price: $22.72 -1.69%

Rating Summary:
    22 Buy, 16 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 22 | New: 24
Join SI Premium – FREE
Goldman Sachs resumes coverage on KeyCorp (NYSE: KEY) with a Neutral. PT $8.75.

The firm said the high-cost CD re-pricing opportunity is a significant NIM tailwind for KeyCorp. With the highest-cost CD book of the regionals they coverage, and approximately $2.5 billion of "high-cost" pre-2009 CDs set to mature in 2012 the CD re-pricing opportunity for KEY is very significant, especially over 2H12-2013. Goldman thinks the company can grow its NIM by 6 bp in 2012. That said, low leverage of capital and deposits is a longer-term drag on returns.

For an analyst ratings summary and ratings history on KeyCorp click here. For more ratings news on KeyCorp click here.

Shares of KeyCorp closed at $8.02 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Goldman Sachs