KeyCorp reported strong second-quarter results, with net interest income rising 10% and an improved preferred dividend coverage ratio of 7%. The bank's aggressive share buyback program, exceeding $700 million in the first half of the year, has reduced the share count and is expected to enhance per-share performance. The Series H preferred shares offer a 6.2% yield but trade at a premium due to market doubts about a 2027 call. The analyst rates Series H as a speculative buy near or below $25 par and finds the common shares increasingly attractive for investors looking for dividend and growth opportunities.
KeyCorp announced it will redeem all 525,000 depositary shares of its Series D preferred stock on September 15, 2026. The redemption price is $25,312.50 per share, which includes the $25,000 liquidation preference plus accumulated unpaid dividends. T...
KeyCorp offers four series of preferred shares, three fixed-rate and one floating-rate. The fixed-rate shares, KEY.PR.J and KEY.PR.K, trade at discounts to par and provide better value and yield with lower call risk. The floating-rate KEY.PR.I has hi...
