AI Trading Ideas
AI Trading NYSE Mon, 10 Apr
Dear Reader,
Today’s highlighted asset is KEY: KeyCorp. If you had employed our AI strategy between 2020-06-08 and 2023-02-07, you could have potentially earned a staggering 165.43% return. On average, each trade yielded 33.09% and was held for an average of 96.0 days. In total, there were 5.0 positions taken during this period.
Our model currently suggests that KEY is a STRONGBUY as of 2023-04-06 with a target price of 11.977692307692308. This forecast is based on a model with a historical accuracy rate of 0.74 when predicting an upward trend over the next two weeks.
KeyCorp is an American bank holding company headquartered in Cleveland, Ohio. It is the parent company of KeyBank, one of the largest banks in the United States. Founded in 1825, KeyCorp is the oldest bank in the state of Ohio and the 28th oldest bank in the United States. KeyCorp operates more than 1,000 branches and approximately 1,500 ATMs across 15 states, with its primary presence in the Midwest and Northeastern United States. KeyCorp provides a full range of commercial and consumer banking products and services, including retail and commercial banking, capital markets, wealth management, and investment banking services.
KeyCorp (NYSE: KEY) is a regional banking and financial services company headquartered in Cleveland, Ohio. The company’s share price has been steadily increasing since the beginning of 2020. As of April 2021, the stock is trading at $19.17, up from its 52-week low of $9.44. In the past 12 months, KeyCorp’s share price has increased by nearly 95%. This increase can be attributed to a variety of factors, including the company’s strong performance in the first quarter of 2021, improved liquidity, and the positive outlook for the banking industry. KeyCorp’s dividend yield is currently 3.5%, slightly above the industry average. The company’s share price has also been supported by its focus on digital banking and cost-cutting initiatives. Investors have been attracted to KeyCorp’s strong balance sheet and its ability to navigate the pandemic.
KeyCorp is a financial services company based in Cleveland, Ohio. It is the parent company of KeyBank, the nation’s 17th largest bank. The company is a member of the S&P 500 Index and trades under the ticker symbol KEY.
KeyCorp has had a mixed performance over the past few years. In 2020, the company reported a net income of $7.2 billion, down nearly 10% from the prior year. However, their total assets increased by over 10% to more than $145 billion. The company also saw its deposits increase by over 11% and its loans and leases grow by more than 9%.
KeyCorp’s return on equity (ROE) was 13.21% in 2020, down from the prior year’s 14.17%. The company’s return on assets (ROA) decreased to 1.07%, from 1.19% in 2019.
KeyCorp’s dividend payout ratio for 2020 was 25.68%, up from the prior year’s 18.82%. The company also returned $2.4 billion in capital to shareholders through dividends and share repurchases.
Overall, KeyCorp’s performance over the past few
| Date | Symbol | Prediction | Model Accuracy | Price Target |
|---|---|---|---|---|
| 2023-04-06 | KEY | STRONGBUY | 0.74 | 11.977692 |
| 2023-03-29 | KEY | WEAKBUY | 0.74 | 12.881667 |
| 2023-03-13 | KEY | MEDIUMBUY | 0.74 | 11.380000 |
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The Third Perspective Team
