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CLEVELAND, OH—Richard J. Tobin, a director at KeyCorp (NYSE:KEY), recently purchased 750 common shares of the company, according to a filing with the Securities and Exchange Commission. The purchase comes as InvestingPro data shows the stock trading near $14.52, having declined significantly over the past three months. The shares were acquired on April 21, 2025, at a price of $13.84 per share, totaling $10,380. Following this transaction, Tobin holds 750 shares directly. This purchase reflects Tobin’s continued investment in the Cleveland-based financial services company, which maintains a notable 5.8% dividend yield and has sustained dividend payments for 54 consecutive years. According to InvestingPro analysis, while KeyCorp currently shows weak financial health metrics, analysts expect both sales and net income growth this year. For deeper insights into KeyCorp’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, KeyCorp announced its financial results for the first quarter of 2025, surpassing analysts’ expectations. The company reported earnings per share (EPS) of $0.33, slightly above the forecasted $0.32, and revenue of $1.8 billion, which exceeded the anticipated $1.75 billion. This strong financial performance was driven by a 16% year-over-year revenue increase, with notable gains in commercial mortgage servicing and investment banking fees. KeyCorp maintains a robust capital position with a Common Equity Tier 1 (CET1) ratio of 11.8%. Additionally, the company has authorized a $1 billion share repurchase plan, expected to commence in the second half of the year. Analysts have highlighted KeyCorp’s strategic positioning amid economic uncertainties, with the firm prepared for various scenarios. The company continues to focus on supporting its clients and investing in business growth, while also navigating potential challenges such as market volatility and regulatory changes.
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