How Is KeyCorp’s Stock Performance Compared to Other Regional Banks?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
KeyCorp Overview: KeyCorp, a major regional banking company based in Cleveland, Ohio, has a market cap of $18.1 billion and offers various banking services. However, its stock has declined significantly, dropping 19.3% from its two-year high and underperforming compared to peers like Truist Financial Corporation.
Recent Financial Performance: Following mixed Q4 results, where revenues fell short of expectations but adjusted net income rose, KeyCorp's stock price dropped 3.6%. Despite recent struggles, analysts maintain a "Moderate Buy" rating with a price target suggesting a potential upside of 19%.
Analyst Views on TFC
Wall Street analysts forecast TFC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TFC is 54.38 USD with a low forecast of 47.00 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
8 Buy
5 Hold
1 Sell
Moderate Buy
Current: 50.020
Low
47.00
Averages
54.38
High
63.00
Current: 50.020
Low
47.00
Averages
54.38
High
63.00
About TFC
Truist Financial Corporation is a financial services company. As a commercial bank, it offers a range of products and services through its wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Its segments include Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB). CSBB segment serves retail, premier, and small business clients, providing transaction, money market, savings, time deposits and payment services, credit cards, loans, and mortgages through digital banking, a network of community banking branches, ATMs, virtual service centers, and other channels. WB segment provides a comprehensive set of products, solutions, and advisory services to commercial, corporate, institutional and wealth clients. It also invests in certain affordable housing, new market tax credit, and renewable energy tax credit investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
