Investors should keep an eye on fundamentally robust dividend-yielding stocks like KeyCorp (KEY) amid the challenging macroeconomic environment.
U.S. regional banks, including BAC, C, WFC, KEY and CMA, rally on optimistic investor sentiments as market participants expect no further increase in interest rate hikes.

Why KeyCorp Stock Dropped 17.1% in May

01:23pm, Monday, 05'th Jun 2023
News about the broader banking industry soured investor sentiment last month. KeyCorp is trading below its book value.
The U.S. economy added an impressive 339,000 jobs in May, yet unemployment moved higher to 3.7%. Congress also passed the debt ceiling agreement last night.
CLEVELAND , June 2, 2023 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, and Clark Khayat, Chief Financial Officer, will present at the Mo
In the first quarter, the U.S. banking system saw its largest decline in deposits in almost four decades. The FDIC's bank "problem list" also grew in the first quarter.
Bank stocks fell Wednesday after the FDIC chairman said in a quarterly report that "downside risks" remain for the banking industry.
KeyCorp's 8% dividend yield is interesting, but fundamentals are struggling. The bank's financial situation is stable, but factors such as a declining net interest margin, rising deposit beta, and the
Recently, I reviewed KeyCorp's first quarter financials to check on my long position in the company's Series E Preferred shares. The bank has a large balance of uninsured deposits, high leverage, and
2 similar products trade on different markets at different valuations. Recent bank volatility is responsible for some sharp moves that create mispricings. 13% potential mispricing is a rare find in th
The bank has experienced pressure on its margins. KeyCorp also has a low tangible common-equity ratio.
The New York City Banking Commission voted to freeze the city's deposits at Capital One and KeyBank after the banks failed to submit plans on their efforts to root out discrimination.
New York City's banking commission voted to freeze deposits at Capital One Financial Corp. COF, +0.43% and KeyCorp's KEY, -0.88% KeyBank after the two banks failed to submit required plans showing the
Bank of America is getting more bullish on S&P 500 stocks. Just not the ones that have been driving the S&P 500 higher all year.
Treasury Secretary Janet Yellen told bank chief executives that more bank mergers may be necessary, according to a report from CNN.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE