Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On KeyCorp (NYSE:KEY), Exxon Mobil Corporation (NYSE:XOM).
KeyCorp (NYSE:KEY) stock jumped 1.37% to $11.84. KEY’s stock was upgraded by stock analysts at Barclays Capital from an “equal weight” rating to an “overweight” rating in a report issued on Sept. 3.
Additionally, Randy Paine on August 23 has been named President of KeyBanc Capital Markets Inc., the broker/dealer subsidiary and corporate and investment banking platform of KeyCorp (NYSE: KEY). In connection with Mr. Paine's added responsibilities, he will also assume oversight of Key's Public Finance and Public Sector business segments.
Moreover, the company announced that Chief Financial Officer Don Kimble will present at the Barclays Global Financial Services Conference in New York City on Monday, September 9, 2013, at 12:00 p.m. ET.
Are investors worried about the recent updates with KEY? Find out with a free trend analysis HERE
Exxon Mobil Corporation (NYSE:XOM) stock fell 0.47% to $87.35. The company on August 23 said it is selling over half of its 60 percent holding in Iraq's West Qurna-1 oilfield project to China's biggest energy firm PetroChina and Indonesia's Pertamina, Iraq's oil minister confirmed. "25 percent (stake) to PetroChina and 10 percent to Pertamina," Abdul Kareem Luaibi told Reuters on the sidelines of a ministerial meeting here.
Additionally, the company on August 1 said net income fell 57 percent in the second quarter on weaker refining results, lower production and minus a big gain in the year-ago quarter. The company earned $6.86 billion on revenue of $106.47 billion in the quarter. In last year's quarter, the company earned $15.9 billion on revenue of $127.36 billion. On a per-share basis Exxon earned $1.55. Analysts polled by FactSet expected Exxon to earn $1.90 per share. It was Exxon's lowest earnings per share since September of 2010
Is XOM going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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