Citi on Monday upgraded shares of M&T Bank Corp. and KeyCorp. to buy as offering an attractive risk/reward after an analysis of bank balance sheets. KeyCorp....
Citi on Monday upgraded shares of M&T Bank Corp. MTB and KeyCorp. KEY to buy as offering an attractive risk/reward after an analysis of bank balance sheets. KeyCorp. offers the largest benefit from repricing of fixed assets, which will help its profits in 2024 and 2025, Citi analyst Keith Horowitz said. M&T Bank ranks as a “high-quality play and we see excellent value” for a bank with peer-leading returns and the strongest capital position, he said.
... Citi on Monday upgraded shares of M&T Bank Corp. MTB and KeyCorp. KEY to buy as offering an attractive risk/reward after an analysis of bank balance sheets. KeyCorp. offers the largest benefit from repricing of fixed assets, which will help its profits in 2024 and 2025, Citi analyst Keith Horowitz said. M&T Bank ranks as a “high-quality play and we see excellent value” for a bank with peer-leading returns and the strongest capital position, he said.
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KeyCorp can rally nearly 70% as investors overlook a key metric, Citi saysAnalyst Keith Horowitz upgraded the stock to buy from neutral. His price target of $20 implies the stock has an upside of 68.6% from where it closed Friday.
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First Citizens Bank to buy Silicon Valley Bank deposits and loansFirst Citizens Bank agreed to buy Silicon Valley Bank's deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday.
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FDIC says First Citizens Bank has reached deal to purchase Silicon Valley BankThe Federal Deposit Insurance Corporation said the First–Citizens Bank & Trust Company has agreed to purchase Silicon Valley Bank and will insure all depositors up to federal limits.
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First Citizens Bank to buy Silicon Valley Bank deposits and loansBREAKING: First Citizens Bank agreed to buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday .
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FDIC announces First-Citizens Bank & Trust Company to purchase assets of Silicon Valley Bank | CNN Business
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