KeyCorp (KEY) Laps the Stock Market: Here’s Why
From Nasdaq:
KeyCorp (KEY) closed at $14.54 in the latest trading session, +0.14% from the prior day, outpacing S&P 500’s 0.04% gain and Dow’s 0.14% increase. Nasdaq saw a decrease of 0.03%. Company shares rose 16.72% in the last month, surpassing Finance sector’s gain of 8.22% and S&P 500’s 5.28%.
The earnings performance of KeyCorp will be closely watched, with upcoming EPS projected at $0.23, showing a 39.47% drop from the same quarter of the previous year. Recent revisions to analyst estimates for KeyCorp show positive estimate revisions, which are a sign of optimism about the company’s business outlook.
KeyCorp has a Forward P/E ratio of 13.61, a premium to the industry’s average of 10.19. The company also has a PEG ratio of 3.16, higher than the industry’s average. The Banks – Major Regional industry, to which KeyCorp belongs, is in the top 35% of all 250+ industries.
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