...should follow, even if he found it necessary to cut the bank's price target at the same time. CAPS member DEREK602 writes that Keycorp's lack of exposure to the worst elements of the meltdown means it will ultimately outperform the market. Key is well capitalized,...
...Bank in August sued the company for failing to make payments on a $5.9 million Natomas land loan. Another bank, Cleveland-based KeyCorp, in April sued Kobra for past-due loan payments on projects in Rocklin. Kobra recently shut down construction in Natomas,...
... NEW YORK -- Shares of regional banks were mixed Tuesday, after the government introduced a number of new initiatives designed to help unfreeze the credit markets. The Federal Reserve said it will buy $500 billion in mortgage-backed securities, ...
...term dividend investor I want to buy stocks in companies which have the strong determination to overcome any cyclical downturns. KeyCorp (KEY) announced on November 20 that it cut its dividend for the second time in 2008 to $0.0625/share. The stock lost over...
...markets, reducing likelihood it could earn the dividend next year. Mgmt is using an 8-9% US unemployment forecast in 2009 (9-10% for Ohio), and our conversations indicate it views risk is to the upside." KeyCorp is a bank-based financial services company....
...of Upstate New York.” First Niagara was one of the first Buffalo-area banks to receive preliminary approval for TARP funding. KeyCorp completed its $2.5 billion capital raise earlier this month and M&T Bank, who received preliminary approval last week, is...
...Airport in Hebron, Ky., did not provide specifics but said it would give more details about its outlook in early December. KeyCorp shares tumbled 9.3 percent yesterday as investors punished the Cleveland-based bank for slashing its dividend for the second...
...sector has been besieged on all sides this week, with Citigroup (NYSE: C) debating putting itself on the auction block, KeyCorp (NYSE: KEY) cutting its dividend, and J.P. Morgan Chase (NYSE: JPM) and Bank of New York Mellon (NYSE: BK) cutting jobs. With the...
...financial sector is besieged on all sides this week, with Citigroup (C) debating putting itself on the auction block, KeyCorp (KEY) cutting its dividend, and J.P. Morgan Chase (JPM) and Bank of New York Mellon (BK) cutting jobs. With the sector in turmoil,...
...tagged a fresh 3-year low this morning, and at last check, the shares were trading down more than 5%. Cleveland-based financial firm KeyCorp (KEY: sentiment, chart, options) tumbled to a new all-time low this morning after slashing its common-stock dividend...