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The Fed raises the inflation target and cuts growth projections due to Trump's tariffs, dimming the outlook for banks like JPM, BAC, C, CMA and KEY.
NEW YORK--(BUSINESS WIRE)--Liquidity, the global multibillion dollar AUM asset manager specializing in growth-stage private credit, today announced the closing of a structured credit facility of up to $450 million. The facility is anchored by senior debt from KeyBank (NYSE: KEY), with the remaining facility populated with mezzanine and equity. The initial commitment from KeyBank is $75 million, which is expected to scale to $250 million, and is aimed at supporting the expansion of Liquidity's l.
KeyCorp's 2024 performance was bolstered by a $2.8 billion investment from Scotiabank, enabling a strategic portfolio repositioning and significant improvements in net interest income. Despite market weakness, KeyCorp's strong investment banking unit, solid loan portfolio, and expected net interest margin growth to 300 basis points by 2026 warranted further investigation. The Scotiabank investment also improved KeyCorp's capital ratios and positions the bank for potential acquisitions, enhancing its value proposition.
KeyCorp announces a $1 billion share repurchase program, which will commence in the second half of 2025.
Seven of the ten lowest-priced BBB "Safer" dividend stocks, including Altria, Verizon, and Conagra, meet the dogcatcher ideal of dividends from $1000 invested exceeding single share prices. Analysts project 15.22% to 43.43% net gains for top-ten BBB dividend dogs by March 2026, with U.S. Bancorp and KeyCorp leading. Five BBB stocks, such as KeyCorp and Truist, show negative free cash flow margins, making them unsafe buys despite high yields.
CLEVELAND , March 13, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced that its Board of Directors has authorized a share repurchase program pursuant to which KeyCorp may purchase up to $1.0 billion of KeyCorp common shares, in the open market or in privately negotiated transactions. The company intends to begin repurchasing shares in the second half of 2025.
BERWYN, Pa. , March 3, 2025 /PRNewswire/ -- Key Wealth, the wealth management business of KeyBank and Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, announced today that they have expanded their multi-year relationship.
CLEVELAND , Feb. 25, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Clark Khayat, Chief Financial Officer, will speak at the 2025 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 4, 2025, at 11:20 a.m. ET in New York City.
DENVER, Feb. 25, 2025 (GLOBE NEWSWIRE) -- PureSky Energy (PureSky), a leader in sustainable energy solutions and independent power producer, is proud to announce the term conversion of a 54.5 MWdc of solar paired with 7.4 MWh of DC-coupled energy storage portfolio with a market value in excess of $150 million, marking a significant milestone as the company’s largest portfolio of solar projects to date. This accomplishment not only reinforces PureSky’s commitment to high-quality renewable energy development but also sets the stage for further expansion of our solar portfolios, driving the transition to clean energy forward. The portfolio includes 12 solar projects across New York and Massachusetts. This achievement represents the culmination of PureSky Energy’s strategic evolution from acquiring solar projects primarily through mergers and acquisitions (M&A) to increasing greenfield development—ensuring the consistent quality and reliability of its expanding portfolio and mainta
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” - Barron's Weekly. In a Barron's interview, Steven Wieting, strategist at Citi Wealth, noted that a growing dividend is a tangible benefit for shareholders and a hallmark of companies with strong balance sheets. "Nobody can fake a dividend," he said.