BMO Capital Believes KeyCorp (NYSE: KEY) Won’t Stop Here

By Ryan Adsit

BMO Capital analyst Lana Chan reiterated a Buy rating on KeyCorp (NYSE: KEY) yesterday and set a price target of $22. The company’s shares closed yesterday at $18.24, close to its 52-week high of $19.53.

According to, Chan is a 5-star analyst with an average return of 16.3% and a 81.4% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and Cathay General Bancorp.

Currently, the analyst consensus on KeyCorp is Moderate Buy and the average price target is $21.14, representing a 15.9% upside.

In a report issued on April 20, FBR Capital also reiterated a Buy rating on the stock with a $22 price target.

Based on KeyCorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.63 billion and quarterly net profit of $324 million. In comparison, last year the company earned revenue of $1.1 billion and had a net profit of $188 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2017, Trina Evans, the Director, Corporate Center of KEY sold 12,500 shares for a total of $227,875.

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KeyCorp operates as bank holding company. The company through its subsidiary, KeyBank National Association provides retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients. It operates through two business segments: Key Community Bank and Key Corporate Bank. The Key Community Bank segment serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, and personalized wealth management products and services. The Key Corporate Bank segment focuses on serving the needs of middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector and real estate. Key Corporate Bank delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory and public finance. KeyCorp was founded in 1958 and is headquartered in Cleveland, OH.