Barclays analyst Jason Goldberg maintains $KeyCorp (KEY.US)$ with a hold rating, and adjusts the target price from $19 to $21.
According to TipRanks data, the analyst has a success rate of 63.5% and a total average return of 13.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $KeyCorp (KEY.US)$'s main analysts recently are as follows:
Being viewed as one of the most capital markets exposed regional banks, KeyCorp is considered to be in a strong position to benefit from an increase in domestic capital expenditures, driven by a rebound in capital markets activity and a gradual escalation in commercial loan demand.
The firm is optimistic about bank stocks for 2025, highlighting that earnings growth is likely to accelerate due to improved loan growth, increased capital markets activity, the reappearance of positive operating leverage, and share buybacks. These dynamics are further supported by a robust economic environment, regulatory easing, enhanced returns, and mergers and acquisitions. This outlook projects that large-cap banks will continue to surpass market performance into 2025 as earnings growth picks up pace.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.