NYSE:KEYBanks
A Fresh Look at KeyCorp’s Valuation Following Its 8.2% Preferred Yield and Net Interest Income Growth
KeyCorp (KEY) has been making waves this week after announcing that its Series I preferred shares now offer an 8.2% floating yield. This update arrives on the heels of five straight quarters of higher net interest income, largely thanks to improved asset yields and keeping interest expenses in check. The message to investors is clear: after months of navigating a shifting rate environment, KeyCorp is moving assertively to highlight income opportunities and reinforce its financial...