-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將KEY的12個月目標價上調1美元至24美元，相當於2027年每股收益預期值的10.9倍，高於KEY五年平均遠期市盈率10.7倍，這主要得益於穩健的投資銀行預期和不斷擴大的淨息差。我們將2026年每股收益預期上調0.03美元至1.87美元，並將2027年每股收益預期上調0.06美元至2.20美元。我們的營收預測分別為81億美元和86億美元。儘管宏觀經濟情勢仍不明朗，但KEY的信用品質在預期和歷史指標方面均有所改善。監管前景也較為樂觀，KEY預計擬議的巴塞爾協議III修訂將使其CET1比率提高100個基點以上。鑑於第一季高達11.4%的CET1比率高於平均水平，KEY銀行具備增加股票回購的良好條件。然而，儘管淨利差有所擴大（環比成長5個基點，年增29個基點），我們仍然對KEY銀行維持長期成長的能力持懷疑態度。值得注意的是，該行貸款年增1%被存款下降2%所抵銷。
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