How To Earn $500 A Month From KeyCorp Stock Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
KeyCorp (NYSE:KEY) is set to release its Q3 earnings on Oct. 17, with expected earnings of 15 cents per share, down from 29 cents a year ago. Revenue is projected at $1.27 billion, compared to $1.56 billion last year. Baird analyst David George downgraded KeyCorp from Outperform to Neutral, lowering the price target from $18 to $17. KeyCorp offers a 4.62% annual dividend yield, equating to 20.5 cents per share quarterly. To earn $500 monthly from dividends, an investor would need 7,317 shares, worth approximately $129,584.
October 16, 2024 | 5:58 pm
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KeyCorp's Q3 earnings are expected to decline, with a downgrade from Baird analyst David George to Neutral and a lowered price target of $17. The stock offers a 4.62% dividend yield.
The expected decline in earnings and the analyst downgrade suggest potential short-term negative pressure on KeyCorp's stock price. The dividend yield remains attractive, but the lowered price target and earnings expectations may weigh on investor sentiment.
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