KeyCorp to Incur $700M Loss in Q3 on Balance Sheet Repositioning
KEY sells low-yielding securities worth $7 billion. This strategic balance sheet repositioning will likely result in a one-time loss of $700 million in Q3.
US lender KeyCorp sells nearly $7 bln of low-yield investments
U.S. regional lender KeyCorp said on Monday it had sold about $7 billion of low-yielding investments and that the transaction would result in an after-tax loss of about $700 million in the third quarter.
KeyCorp to book $700 million loss on sale of securities
The transaction marks an example of efforts by financial firms to reposition their balance sheets with higher-yielding assets as interest rates have risen.
KeyCorp to record $700 million loss following sale of $7 billion of investment securities
KeyCorp said that it will register an after-tax loss of approximately $700 million following the sale of $7 billion of low-yielding investment securities, according to a public filing on Monday, Sept. 9. The sale occurred on Friday, Sept. 6. The company declined to identify the buyer.
KeyCorp to Incur $700M Loss in Q3 on Balance Sheet Repositioning
KeyCorp KEY shares gained 3.1% on Sept. 9 in response to its balance sheet repositioning announcement. The regional lender sold its low-yielding available-for-sale (AFS) investment securities ...
KeyCorp Sells $7 Billion of Securities to Bolster Balance Sheet
KeyCorp sold about $7 billion of low-yielding investment securities, as the bank works to restructure its balance sheet following a period of regional bank tumult last year.
Institutional investors are KeyCorp's (NYSE:KEY) biggest bettors and were rewarded after last week's US$789m market cap gain
A look at the shareholders of KeyCorp ( NYSE:KEY) can tell us which group is most powerful. With 83% stake, institutions ...
KeyCorp stock outperforms competitors despite losses on the day
Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch ...
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KeyCorp (KEY) Stock: Understanding Its Underlying Value
KeyCorp (KEY) stock saw a modest uptick, ending the day at $17.34 which represents a slight increase of $0.75 or 4.52% from the prior close of $16.59. The stock opened at $16.98 and touched a low of ...
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Key uses Scotiabank cash to offload billions in low-yielding bonds
Profits at Cleveland-based KeyCorp have suffered due to bonds it bought when interest rates were low. But a recent investment ...
KeyCorp stock underperforms Wednesday when compared to competitors despite daily gains
This was the stock's third consecutive day of gains.
KeyCorp股价飙升至52周高点，达到17.21美元
KeyCorp股票展现出非凡的韧性，飙升至52周高点，价格达到17.21美元。这一里程碑凸显了这家金融服务公司强劲增长的时期，过去一年其股价上涨了令人印象深刻的55.53%。投资者对KeyCorp的战略举措和财务表现显示出更多信心，在动态的市场环境中推动股价达到新高。公司股价攀升至这个52周高点标志着重大转折，并凸显了其在金融板块持续发展的潜力。 在其他近期新闻中，KeyCorp在财务轨迹上取得了 ...
KeyCorp (KEY) Gets a Buy from KBW
In a report released today, David Konrad from KBW maintained a Buy rating on KeyCorp (KEY – Research Report), with a price target of ...
KEYCORP LOWERS ITS PRIME LENDING RATE TO 8.00 PERCENT
KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 8.00 percent from 8.50 percent, effective tomorrow, Sept. 19, 2024.