All Posts Tagged With: "KeyCorp (NYSE: KEY)"
There’s been a lot of speculation regarding whether or not the banks that received TARP funding would be allowed to issue dividends. However, if you’re willing to take a little risk for a guaranteed dividend, then you may be interested in the preferred stocks offered by many of these banks. Preferred stocks generate a dividend […]
First Horizon National Corp (NYSE: FHN) Reveals TARP Repayment Plan, But Will Other Regional Banks Follow?
First Horizon National Corp (FHN) said it is selling debt and equity to pay off $867 million of TARP aid. First Horizon’s shares rose as investors cheered its move to shed government support. Analysts said the repayment plan could be the first of another wave of TARP repayments, and suggest that the U.S. banking system […]
KeyCorp (NYSE: KEY) CEO Sounds Cautiously Optimistic Tone; Reports First Quarterly Profit in 2 Years
KeyCorp (KEY) reported its first quarterly profit in two years. The Cleveland-based banking company attributed the positive report to fewer non-performing loans, more income from fees and better cost controls. “These results are encouraging and the return to profitability represents an important step forward for our company,” CEO Henry L. Meyer III said. “Continued improvement […]
Bank of America Corp. (NYSE: BAC) Details Impact of Durbin Amendment, But Regionals May Feel the Most Pain
One piece of the financial reform legislation that passed through both houses of Congress last week included the Durbin amendment. But despite the headlines being made by large banks such as Bank of America (BAC), it is regional banks that may suffer the most. The Durbin amendment, as it’s known for Sen. Richard Durbin, D-Ill., […]
More Regionals Beat Estimates. Huntington Bancshares (NASDAQ: HBAN) Posts Profit; KeyCorp (NYSE: KEY) and Suntrust (NYSE: STI) Post Smaller-Than-Expected Losses.
As reported in the Wall St. Journal, Huntington Bancshares Inc. (HBAN) posted its first profit in more than a year in the first quarter, while KeyCorp (KEY) and SunTrust Banks Inc. (STI) posted smaller-than-expected quarterly losses. Regional banks have surged roughly 30% this year. However, this week’s earnings reports allow investors to see the level […]