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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100