S&P Downgrades KeyCorp, Comerica, Valley National, UMB And Associated Bank
Portfolio Pulse from Benzinga Newsdesk
S&P has downgraded five banks: KeyCorp, Comerica, Valley National, UMB and Associated Bank. This is part of a wider review of the banking sector by S&P.
August 22, 2023 | 12:07 am
News sentiment analysis
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NEGATIVE IMPACT
Associated Bank has been downgraded by S&P, which could negatively impact its stock price in the short term.
Downgrades typically lead to a decrease in stock price as they indicate a higher risk associated with the company. This downgrade is likely to negatively impact Associated Bank's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Comerica has been downgraded by S&P, which could negatively impact its stock price in the short term.
Downgrades typically lead to a decrease in stock price as they indicate a higher risk associated with the company. This downgrade is likely to negatively impact Comerica's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
KeyCorp has been downgraded by S&P, which could negatively impact its stock price in the short term.
Downgrades typically lead to a decrease in stock price as they indicate a higher risk associated with the company. This downgrade is likely to negatively impact KeyCorp's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UMB has been downgraded by S&P, which could negatively impact its stock price in the short term.
Downgrades typically lead to a decrease in stock price as they indicate a higher risk associated with the company. This downgrade is likely to negatively impact UMB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Valley National has been downgraded by S&P, which could negatively impact its stock price in the short term.
Downgrades typically lead to a decrease in stock price as they indicate a higher risk associated with the company. This downgrade is likely to negatively impact Valley National's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100