From Seekingalpha · The Asian Investor · · 40s
KeyCorp Stock Rises With NII Growth
KeyCorp's strong Q3 earnings boost stock as net interest income grows.
In brief
KeyCorp's strong Q3 earnings boost stock as net interest income grows. KeyCorp upgraded to Strong Buy rating after Q3 results beat estimates with 10% year-over-year net interest income growth. Originally reported by Seekingalpha.
KeyCorp Q3 Results
KeyCorp delivered strong Q3 results beating earnings estimates with robust commercial loan growth and higher net interest income.
Net Interest Income Growth
KeyCorp's net interest income rose 10% year-over-year with total revenues up 8% and earnings up 18%.
Rating Upgrade
I upgrade to a 'Strong Buy' rating citing solid asset quality, growing net interest income, and catalysts from further Federal Reserve rate increases.
The main idea
KeyCorp upgraded to Strong Buy rating after Q3 results beat estimates with 10% year-over-year net interest income growth.
