MoMo KEY (KEY) news

Regional Bank Stocks Could Continue to 'Languish' Amid Macro Headwinds, BofA Says

01:16 PM EDT, 10/08/2026 (MT Newswires) -- The setup for US regional banks is tougher than it appears heading into the next earnings season, with stocks likely to continue to "languish" amid macroeconomic challenges, BofA Securities said in a note e-mailed Thursday. Concerns about rapidly rising interest rates, volatile oil prices, and the strength of the artificial intelligence boom have dominated financial markets, BofA analysts Ebrahim Poonawala and Brandon Berman said in a note to clients. Ahead of the third-quarter reporting season, the brokerage revised its earnings per share estimates for large-cap regional banks higher by a median of 1%, while lowering projections for the mid-cap group by 0.3%. Still, BofA said its third-quarter and 2027 EPS estimates are "relatively unchanged" as it sees higher interest rates supporting margin expansion despite the pressure on capital. "While the setup in bank stocks looks deceptively attractive heading into (third-quarter) prints due to the de-rating over the last two months, we caution that stocks may continue to languish given the macro headwinds," Poonawala and Berman wrote. BofA's third-quarter outlook implies average year-over-year EPS growth of 7.6%, compared with a 15% rise in the previous quarter, according to the note. "Investor conversations over the past few weeks have migrated from focusing on (net interest income/net interest margin) durability to handicapping the risk to a moderation in share buybacks and credit fears," the analysts said. "Stable rates could allow investors to look past tempered buybacks, especially given the NII resiliency due to yield curve shift -- particularly in the belly of the curve." Regional banks are at the same time shifting budgets toward addressing cyber risks stemming from AI proliferation, according to Poonawala and Berman. "While most investors don't see an immediate risk to bank deposits due to agentic AI, there is increased focus on the downside risks given the speed at which AI technology is evolving," the analysts wrote

KEYCORP <KEY.N>: TD COWEN RESUMES COVERAGE WITH BUY RATING; TARGET PRICE $23 VS $25

KEYCORP : TD COWEN RESUMES COVERAGE WITH BUY RATING; TARGET PRICE $23 VS $25

KEYCORP <KEY.N>: JP MORGAN CUTS TARGET PRICE TO $23 FROM $24.5

Universal Logistics extends KeyBank-led credit facility maturity to 2029

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KeyBank names Mike Keane COO of Key Wealth

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KEYCORP <KEY.N>: JEFFERIES CUTS TARGET PRICE TO $22 FROM $24

KEYCORP <KEY.N>: TRUIST SECURITIES CUTS TARGET PRICE TO $23 FROM $24

KeyCorp announces dividend of R$ 0.72 per unit for 3Q 2026

Major US banks raise prime lending rate from 6.75% to 7%

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$MSFT #MICROSOFT DAILY ANALYSIS| MAY 4Th, 2026

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Ripple&#8217;s Stablecoin Inches Closer To The $1 Billion Mark After New RLSUD Expansion

Ripple’s new partnership in Bahrain aims to expand Web3 infrastructure and boost RLUSD adoption. As the stablecoin nears $1 billion in liquidity, Ripple’s global reach continues to grow across key financial hubs.