KeyCorp Sees $700M Loss in 3Q
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 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.
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.
US lender KeyCorp sells nearly $7 billion 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 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
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(KEY) - Analyzing KeyCorp's Short Interest
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KeyCorp (KEY) Stock: Understanding Its Underlying Value
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KeyCorp stock underperforms Wednesday when compared to competitors despite daily gains
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KeyCorp (KEY): Should You Invest In This Local Bank Stock Now?
As investors shift their focus from artificial intelligence to the labor market and its impact on potential interest rate ...
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.