BNET Industries
KeyCorp (KEY) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $7.8B
- Profit
- Dec 31 2007
- $5.2B
- Market Cap
- Jul 07 2008
- $4.2B
Latest News and Analysis
Second Quarter Earnings Expectations
Hickey and Walters Bespoke submit: With earnings season starting this week, below we highlight the current estimated second quarter earnings growth for the S&P 500 and its ten sectors. As shown, Financials and Consumer Discretionary are once again expected to drag down the index as a whole. Financials...
10 Top Dividend Stocks of the S&P 500
I run my fundamental stock screener, searching for stocks with the highest dividend yield. The report lists only companies included in the S&P 500 index. Not surprisingly, aside from one GM GM, there are only financials and banks in the top ten. Financials had the highest yield, compared to other...
Thursday Options Outlook: ZION, KEY, JEF, AKS, DIA, RIO, NVDA, VCLK, BIG
Rebecca Engmann Darst co-authored this article. Zions Bancorp ZION ?Despite welterweight volumes trading on an abbreviated pre-holiday session, option activity in regional bank suggested more punishing declines in store when the market resumes trading after the weekend. Implied volatility is higher across the board and put trading is elevated...
S&P 500 Stocks Furthest Above and Below Their 50-Day Moving Averages
Hickey and Walters Bespoke submit: Below we highlight stocks in the S&P 500 that are currently trading the furthest above and below their 50-day moving averages. As shown, Massey Energy MEE is the furthest above its 50-day in the index at 39.47%. MEE is also the best performing...
Dividend Stocks: Good News / Bad News
Dividends4Life submits: It seems lately that the headlines are dominated by companies dropping their dividends such as Fifth Third FITB from $0.44 to $0.15, KeyCorp's KEY Board expressed its intention to reduce its dividend 50% to an annualized dividend of $0.75/share, FairPoint Communications FRP lowering their dividend 35% and...
U.S. Bank Dividend Yields Revisited
The Sun submits: Last November, shortly after the Dow peaked at 14,280 points, I had a post on dividend yields of the largest banks in the country. At that time, I thought that, with many bank stocks yielding 6.0% or more, buying banks made some sense if the banks...
KeyCorp's Unfair Fairness Opinion of Max & Erma's Restaurants
Thomas Kirchner submits: Last week’s announcement that Max & Ermas Restaurants MAXE had a rough second quarter, with the weak economy and the March blizzard hurting top and bottom lines, made us wonder whether we should expect yet another busted buyout. After all, bad quarterly results have triggered quite...
S&P 1500 Regional Banks Index Down 33% YTD
Hickey and Walters Bespoke submit: Regional Banks are front and center in the markets these days. For those interested, below we highlight the 63 companies that make up the S&P 1500 Regional Banks index. For each stock, we include its percentage from its 52-week high, year-to-date percent change...
Large U.S. Banks' Stocks in Capitulation Mode: Merrill
(Reuters) - U.S. large-cap regional banks' stocks now appear to be in "capitulation mode" and will likely trade below fair value in the near term as more dividend cuts and capital raises, high credit risk and an uncertain earnings outlook all ...
Fifth Third to Raise $2 Bln Capital, Cut Dividend
By Jonathan Stempel BANGALORE (Reuters) - Fifth Third Bancorp FITB, a large U.S. regional bank, said it plans to raise at least $2 billion in capital and slash its dividend 66 percent to cope with mounting credit losses, causing its shares to fall...
Regional Banking Woes Keep Getting Worse
Bill Luby submits: If you subscribe to the cockroach theory of investing (where there is one cockroach, there is an army; where there is one piece of bad news, there is likely to be more in the pipeline), then the recent regional banking turmoil should come as no surprise....
Value in Regional Bank Stocks?
R. J. Rhodes submits: Historically in a sector bear market, all the stocks decline together as investors fail to differentiate good from bad. Recently some signs of inefficiency have begun to creep into the bear market in regional bank stocks. The "good" are seen as bullet proof, while the...
KeyCorp and the Key to Capital
Mike Steinhardt submits: Here’s a snippet from KeyCorp’s most recent 10-Q filed on May 6, 2008 for the period ending March 31, 2008. Capital adequacy. Capital adequacy is an important indicator of financial stability and performance. Key’s ratio of total shareholders’ equity to total assets was 8.47% at...
Goldman Sachs Raids the Cookie Jar
Saul Sterman submits: There was an interesting note put out by Goldman Sachs GS on Thursday evening (6/12/08) wherein GS claimed that Keycorp KEY was in good company and that several other banks would follow suit. As we all know, Keycorp cut its dividend by 50% to...
KeyCorp Raises $1.65 Bln After Shares Plunge
By Jonathan Stempel BANGALORE (Reuters) - KeyCorp KEY, a large U.S. Midwest regional bank, said on Friday it raised $1.65 billion, 10 percent more than planned, from offerings of common stock and preferred shares to bolster its capital base. A day earlier KeyCorp...
KeyCorp Option Traders See More Share Price Swings
By Doris Frankel CHICAGO (Reuters) - Option traders expect more share price turbulence in KeyCorp KEY after the large U.S. Midwest regional bank said it plans to raise $1.5 billion in equity capital and cut its dividend in half. KeyCorp was a top...
Thursday Options Outlook: XLF, LEH, BUD, CMI, TXN, CHK, KEY, FTO, BQI
Rebecca Engmann Darst co-authored this article. Lehman Brothers LEH ? Lehman Brothers? management made a calculated surgical cut with this morning?s corporate bloodletting of CFO Erin Callan and COO Joseph Gregory. When the news broke before the bell, it was troublingly ambiguous whether the move would be enough to...
The 20 Highest Yielding Dividend Aristocrats
Dobromir Stoyanov submits: In today’s low interest rate environment, retirees are having a hard time finding tax efficient income opportunities, worthy of their money, which would help them enjoy their post-working years. A great idea for income seeking investors is investing in stocks that pay good yields and have consistent...
Biggest Winners and Losers Since the 5/19 Top
Hickey and Walters Bespoke submit: The S&P 500 is now down 4.62% since it recently peaked on May 19th. Below we highlight the best and worst performers in the index since then. The list of worst performers is dominated by Financials and Consumer Discretionary stocks. MBIA MBI and...
The Second Wave of Bank Troubles
Felix Salmon submits: Floyd Norris notes that the S&P financials have sunk back to their mid-March lows. But although the index as a whole is back at its mid-March level, its components generally aren't. What we're seeing is pretty much what Mohamed El-Erian predicted in April: the second shoe...
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- Incorporated: 1958
- CEO: Mr. Henry L. Meyer III
KeyCorp is a bank holding company. Through its subsidiaries, Co. provides retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients through two major business groups: Community Banking and National Banking. Also, Co.'s bank and trust company subsidiaries provide personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, and international banking services. At Dec 31 2007, Co. had total assets of around $100.00 billion and total deposits of $63.10 billion.
Key Competitors
KeyCorp Company Info
Board of Directors
Mr. Henry L. Meyer III
Chairman
Mr. H. James Dallas
Ms. Lauralee E. Martin
Mr. Eduardo R. Menascé
Mr. Bill R. Sanford
Mr. Peter G. Ten Eyck II
Mr. Thomas C. Stevens
Vice-Chairman
Mr. Thomas W. Bunn
Vice-Chairman
Ms. Beth E. Mooney
Vice-Chairman
Mr. Ralph Alvarez
Mr. William G. Bares
Mr. Edward P. Campbell
Dr. Carol A. Cartwright
Mr. Alexander M. Cutler
Contact Information
127 Public Square
Cleveland, OH
216 689-6300
NAICS Code
Commercial Banking: 522110Brought to you by IBMSponsored Resources
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