Stephens Upgrades KeyCorp (KEY) to Overweight
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Compass Point Reiterates Buy on KeyCorp (KEY) Following 4Q Results and Merger Update
January 22, 2016 8:53 AM ESTCompass Point reiterated a Buy rating and $16.00 price target on KeyCorp (NYSE: KEY) following the company's 4Q earnings report. KEY reported operating EPS of $0.28/sh, which matched estimates. However, the focus was clearly on the progress and ultimate impact of the FNFG merger. KEY provided an update on the merger, noting that integration teams from both banks had been established and were working through projections for cost saves. Initial reports suggest that the cost saves will be in excess of $400M, and more... More
KeyCorp (KEY) Misses Q4 EPS by 1c
January 21, 2016 6:34 AM ESTKeyCorp (NYSE: KEY) reported Q4 EPS of $0.27, $0.01 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.
Key incurred merger-related costs and a pension settlement charge totaling $10 million, or $.01 per common share. Key incurred... More
