Why Shares of KeyCorp, Comerica, and Truist Are Falling Today
Shares of several super-regional bank stocks declined today after (NYSE: KEY) provided disappointing guidance at an investor conference this morning.
Shares of KeyCorp traded more than 5.5% lower as of 1:46 p.m. ET today. Shares of Comerica (NYSE: CMA) and Truist Financial (NYSE: TFC) had at one point today fallen by roughly 5% or more, but as of this writing were down more than 3% and nearly 2.7%, respectively.
At a conference call this morning, KeyCorp CEO Chris Gorman said that net interest income (NII) is expected to come in much worse than expected in the second quarter of the year, which ends June 30.
Source Fool.com
KeyCorp Stock
€15.16
0.350%
With 21 Buy predictions and not a single Sell prediction KeyCorp is an absolute favorite of our community.
On the other hand, the target price of 15 € is below the current price of 15.16 € for KeyCorp, so the potential is actually -1.08%.
