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RBC Capital Reaffirms Their Buy Rating on KeyCorp (KEY)

Tipranks - Tipranks - Thu Jan 22, 6:08AM CST

In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Buy rating on KeyCorp, with a price target of $22.00. The company’s shares closed yesterday at $21.09.

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According to TipRanks, Cassidy is a top 100 analyst with an average return of 18.3% and a 72.80% success rate. Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, Citigroup, and Bank of America.

KeyCorp has an analyst consensus of Moderate Buy, with a price target consensus of $23.00, representing a 9.06% upside. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $23.50 price target.

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Based on KeyCorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.83 billion and a net profit of $489 million. In comparison, last year the company earned a revenue of $1.87 billion and had a GAAP net loss of $410 million

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