Key Banc KEY

KeyCorp's recent financial performance showcases resilience amid economic uncertainties, with first-quarter 2022 results indicating significant growth in loans and net interest income, despite inflation and geopolitical tensions. The bank reported an increase in average loans to $103.8 billion and net interest income of $1 billion. This solid performance comes alongside a prudent increase in provisions for credit losses to $83 million, reflecting a cautious approach to asset quality. KeyBanc Capital Markets has also been actively revising stock ratings and price targets across various sectors, maintaining an optimistic outlook on select stocks up against the backdrop of market challenges.