KeyCorp (KEY) Stock Overview
Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for KEY from our risk checks.
KEY Community Fair Values
Create NarrativeSee what 65 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
KeyCorp Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.53 |
| 52 Week High | US$23.72 |
| 52 Week Low | US$16.47 |
| Beta | 1.02 |
| 1 Month Change | 4.95% |
| 3 Month Change | 8.58% |
| 1 Year Change | 30.94% |
| 3 Year Change | 106.22% |
| 5 Year Change | 21.23% |
| Change since IPO | 507.23% |
Recent News & Updates
Narrative Update • Jul 10
KEY: Loan Growth And Technology Spending Will Support Higher Future Earnings Quality
KeyCorp's updated analyst price target has increased to $34.66 from $32.76, as analysts factor in revised assumptions around revenue growth, profitability, and future P/E multiples in light of a broad round of recent target increases across the Street. Analyst Commentary Recent research on KeyCorp shows a cluster of higher price targets as bullish analysts factor in updated assumptions around earnings power, loan growth, and P/E multiples ahead of upcoming bank earnings reports.Seeking Alpha • Jul 03
KeyCorp: Focus On Investor Event Disclosures And New Buyback Plan
Summary KeyCorp is rated 'buy' based on robust capital returns and a likely quarterly outperformance. KEY's favorable updates regarding loan growth and deposit management support the case for a potential 2Q 2026 earnings beat. The new $3B buyback program, equivalent to 12% of market cap, sends a strong signal about KeyCorp's undervaluation and strong capital position. Read the full article on Seeking Alpha
Narrative Update • Jun 26
KEY: Share Repurchases And Loan Mix Should Support Measured Repricing Potential
Analysts have nudged their fair value estimate for KeyCorp higher by about $0.19 to $25.22, reflecting updated expectations for slightly stronger loan-driven Net Interest Income and modestly adjusted assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. Analyst Commentary Recent Street research around KeyCorp reflects a mix of cautious optimism and lingering concern, with multiple firms adjusting price targets as they revisit loan growth assumptions, Net Interest Income and expense trends.Recent updates
Narrative Update • Jul 10
KEY: Loan Growth And Technology Spending Will Support Higher Future Earnings Quality
KeyCorp's updated analyst price target has increased to $34.66 from $32.76, as analysts factor in revised assumptions around revenue growth, profitability, and future P/E multiples in light of a broad round of recent target increases across the Street. Analyst Commentary Recent research on KeyCorp shows a cluster of higher price targets as bullish analysts factor in updated assumptions around earnings power, loan growth, and P/E multiples ahead of upcoming bank earnings reports.Seeking Alpha • Jul 03
KeyCorp: Focus On Investor Event Disclosures And New Buyback Plan
Summary KeyCorp is rated 'buy' based on robust capital returns and a likely quarterly outperformance. KEY's favorable updates regarding loan growth and deposit management support the case for a potential 2Q 2026 earnings beat. The new $3B buyback program, equivalent to 12% of market cap, sends a strong signal about KeyCorp's undervaluation and strong capital position. Read the full article on Seeking AlphaNarrative Update • Jun 26
KEY: Share Repurchases And Loan Mix Should Support Measured Repricing Potential
Analysts have nudged their fair value estimate for KeyCorp higher by about $0.19 to $25.22, reflecting updated expectations for slightly stronger loan-driven Net Interest Income and modestly adjusted assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. Analyst Commentary Recent Street research around KeyCorp reflects a mix of cautious optimism and lingering concern, with multiple firms adjusting price targets as they revisit loan growth assumptions, Net Interest Income and expense trends.Analysis Article • Jun 20
KeyCorp (KEY) Stock Could Be 9.7% Undervalued As Institutional Backing Draws Focus
Why KeyCorp Stock Is Back in Focus KeyCorp (KEY) is back on investors radars after fresh attention on its high institutional ownership, diversified regional banking model, and a new fixed income offering of senior subordinated notes due 2031. See our latest analysis for KeyCorp. KeyCorp's recent 16.38% 90 day share price return and 45.70% 1 year total shareholder return indicate positive recent performance, as investors respond to its diversified regional banking model, strong institutional...Narrative Update • Jun 08
KEY: Share Repurchases And Credit Quality Should Support Future Repricing Opportunity
Analysts have made only a modest adjustment to the KeyCorp price target in recent weeks, with a mix of small $1 to $2 raises and cuts reflecting updated views on discount rates, long term growth, and P/E assumptions rather than any shift in the underlying fair value estimate of about $25 per share. Analyst Commentary Recent Street research around KeyCorp centers on fine tuning price targets rather than wholesale changes to fundamental views, with small upward and downward revisions clustered around the current fair value framework.Narrative Update • May 25
KEY: Loan And Capital Return Should Support Future Repricing Opportunity
Analysts nudged their average price target for KeyCorp slightly higher, by about $0.10 to roughly $25.03. The revised target reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E after a series of recent target changes across the Street.Narrative Update • May 03
KEY: Loan And Capital Return Will Support Future Repricing Potential
KeyCorp's updated analyst price target edges higher to about $24.92 from roughly $24.61, reflecting analysts' adjusted assumptions around discount rates, long term revenue growth, profit margins and future P/E multiples after a mix of recent target hikes and trims across the Street. Analyst Commentary Recent research on KeyCorp shows a mix of higher and lower price targets, with several firms adjusting their views as new information on midcap banks, valuation and macro risks feeds into their models.Narrative Update • Apr 18
KEY: Loan And Capital Return Tailwinds Will Support Future Repricing Potential
Analysts have adjusted the KeyCorp fair value estimate slightly higher to $24.61, reflecting modestly stronger assumptions for revenue growth, profit margins, and a lower future P/E multiple, despite mixed recent price target moves across the Street. Analyst Commentary Recent Street research on KeyCorp reflects a mix of optimism and caution, with several firms adjusting price targets in both directions and one upgrade in rating.Narrative Update • Apr 03
KEY: Loan And Capital Return Tailwinds Will Drive Future Repricing Potential
KeyCorp's updated analyst price target edges slightly lower, reflecting minor tweaks to fair value, discount rate, and growth assumptions as analysts balance recent target raises across midcap and regional bank peers with more cautious views on how much upside is already reflected in current valuations. Analyst Commentary Recent research on KeyCorp shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess what is already reflected in the share price.Narrative Update • Mar 20
KEY: Loan Tailwinds And Capital Returns Will Support Future Repricing Upside
KeyCorp's latest narrative update reflects a modestly higher analyst price target, with a cluster of recent revisions toward the $25 to $26 range as analysts point to loan growth, net interest margin trends and capital return as key supports, while debates continue around valuation and sector upside. Analyst Commentary Recent research updates on KeyCorp present a mixed picture, with several bullish analysts lifting price targets into the mid 20s while more cautious voices highlight valuation and sector wide constraints.Narrative Update • Mar 06
KEY: Loan Tailwinds And Capital Returns Will Drive Future Upside Potential
KeyCorp's updated analyst price target edges higher to $24.55 from $24.45, reflecting analysts' aggregation of recent target lifts into the mid $20s range as they weigh loan growth, net interest margin, capital return, and a more mixed set of views on regional banks in 2026. Analyst Commentary Recent research on KeyCorp reflects a mix of optimism and caution, with several firms lifting price targets into the low to mid US$20s while others question how much upside is left after the stock’s recent move.Narrative Update • Feb 17
KEY: Earnings Resilience And Share Repurchases Will Shape Future Upside Potential
The updated fair value estimate for KeyCorp edges up to about $24.45 from roughly $24.29, supported by analysts highlighting modest tweaks to revenue growth, profit margins, and future P/E assumptions, alongside a series of recent price target increases across the Street. Analyst Commentary Recent Street research on KeyCorp shows a mix of optimism and caution, with several firms lifting price targets around the mid $20s and one major downgrade flagging valuation concerns.Narrative Update • Feb 03
KEY: Earnings Resilience And Activist Pressure Will Shape Balanced Risk Reward
Analysts lifted their aggregate fair value estimate for KeyCorp by roughly $0.32 to about $24.29 per share. This reflects updated assumptions around a slightly lower discount rate, more moderate revenue growth, stable profit margins, and a modestly higher future P/E multiple informed by recent price target revisions from several research firms.Narrative Update • Jan 20
KEY: Future Earnings Tailwinds And Activism Tensions Will Shape Upside Potential
Analysts have nudged their fair value estimate for KeyCorp up from about US$22.80 to roughly US$24.00 per share. This reflects updated assumptions on revenue growth, profit margins, and future P/E multiples, informed by recent price target hikes from several research firms alongside a more cautious view from others.Analysis Article • Jan 19
KeyCorp (NYSE:KEY) Is Paying Out A Dividend Of $0.205
The board of KeyCorp ( NYSE:KEY ) has announced that it will pay a dividend on the 13th of March, with investors...Narrative Update • Jan 05
KEY: Future Revenue Momentum And Capital Strength Will Face Activism And Execution Risks
Narrative Update on KeyCorp Analysts have adjusted their KeyCorp fair value estimate slightly higher, from about US$22.22 to roughly US$22.80. This reflects updated price targets between US$21 and US$23 that are supported by views on strong recent results, solid capital and credit quality, and expectations for revenue momentum into 2026.Narrative Update • Dec 15
KEY: Future Revenue Momentum Will Reflect Capital Strength Amid Activist And Sector Tailwinds
Analysts have modestly increased their fair value estimate for KeyCorp, lifting the implied price target by about $0.70 to reflect slightly stronger projected revenue growth, improved profitability, and sustained capital and credit strength highlighted in recent research. Analyst Commentary Street research on KeyCorp reflects a generally constructive stance, with most recent price target revisions still implying upside from current levels despite modest recalibrations.Narrative Update • Nov 29
KEY: Future Revenue Momentum Will Reflect Strong Capital and Market Resilience
KeyCorp's analyst price target experienced a slight decrease to $21 from $22, as analysts cite stronger capital levels and ongoing revenue momentum. This is balanced against a market that already reflects improved guidance.Narrative Update • Nov 15
KEY: Revenue Momentum Will Likely Carry Forward Amid Strong Capital Levels
KeyCorp's analyst price target saw a modest reduction from $22 to $21. Analysts cite strong revenue guidance, robust capital levels, and continued credit quality as key supporting factors for the updated outlook, reflecting cautious optimism.Narrative Update • Nov 01
KEY: Strong Capital Levels And Credit Quality Will Drive Outperformance Through 2026
KeyCorp's analyst price target was lowered slightly from $22 to $21 as analysts cited strong capital levels and solid credit quality. However, they noted that revenue estimates are already reflected in consensus expectations.Narrative Update • Oct 17
Strategic Shifts And Market Expansion Positively Impacting Bank's Profitability And Growth
KeyCorp's analyst price target saw a modest increase to $21.65 from $21.62, as analysts cited the company's top-tier capital levels, strong credit quality, and momentum in revenue and market activity as key factors supporting the higher valuation. Analyst Commentary Recent Street research on KeyCorp highlights a dynamic mix of optimism and caution among industry analysts.Narrative Update • Oct 03
Strategic Shifts And Market Expansion Positively Impacting Bank's Profitability And Growth
KeyCorp's fair value estimate has increased modestly from $21.17 to $21.62 per share. Analysts cite improved net interest margin prospects, steady fee income growth, and a more constructive outlook for regional banks as supporting factors for a higher price target.Narrative Update • Aug 18
Strategic Shifts And Market Expansion Positively Impacting Bank's Profitability And Growth
KeyCorp’s price target has been raised to $21.17 as analysts anticipate regional banks’ outperformance amid receding macro risks, sector-wide fundamental improvement, and continued earnings momentum, supported by attractive relative valuation. Analyst Commentary Bullish analysts highlight expectations for a regional bank "catch-up" trade, with KeyCorp seen as a major beneficiary due to its superior capital position, strong loan growth momentum, and likely upside in net interest income.Analysis Article • Jul 22
KeyCorp (NYSE:KEY) Has Announced A Dividend Of $0.205
KeyCorp ( NYSE:KEY ) will pay a dividend of $0.205 on the 15th of September. This means the annual payment is 4.5% of...Seeking Alpha • Apr 19
KeyCorp: Solid Q1 And Strong Capital Positions It As A Winner
Summary KeyCorp's solid Q1 results and strategic capital raise from Scotiabank have strengthened its balance sheet, positioning it well for a potential economic downturn. Despite a 25% stock decline since my last "buy" rating, I am increasingly bullish due to NII momentum and a robust capital position. Favorable net interest trends and strong reserves, combined with prudent credit quality management, support KEY's resilience amidst economic uncertainties. With a potential 30% upside, I upgrade KEY to a strong buy, expecting shares to recover to $18 by year-end. Read the full article on Seeking AlphaSeeking Alpha • Mar 17
KeyCorp: A Dividend Name I Am Starting To Accumulate
Summary 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. Trading at a forward P/E of 10.6 and a 5.3% dividend yield, KEY stock appears a dividend name worth accumulating over time. An investment analysis around this regional bank name follows in the paragraphs below. Read the full article on Seeking AlphaSeeking Alpha • Jan 23
KeyCorp: Strong NII Outlook For 2025
Summary KeyCorp posted solid Q4 earnings, driven by robust investment banking performance and higher net interest income, leading to an optimistic FY 2025 outlook. Despite a valuation recovery post-2023 crisis, KeyCorp remains a hold due to its premium to book value. The bank's trend in provisioning expenses is favorable and KeyCorp benefited from solid balance sheet quality. KeyCorp's FY 2025 net interest income is projected to surge by 20%, supported by securities repositioning, business growth, and a favorable deposit mix. With shares trading at the 3-year average P/B ratio, I see no significant upside going forward and continue to rate shares a hold. Read the full article on Seeking AlphaSeeking Alpha • Dec 16
KeyCorp Series I Preferred Shares Offer Income Growth Opportunity
Summary KeyCorp's Series I preferred shares are now rated a buy due to recent performance. Improved net interest spread and margin, along with increased interest income, highlight KeyCorp's financial gains. The bank's shift from external borrowing to depositor financing enhances earnings potential and reduces risks. Series I preferred shares offer a 6.3% yield, with the potential for higher floating rates in 2026, benefiting income investors. Read the full article on Seeking AlphaSeeking Alpha • Nov 21
KeyCorp: Well Capitalized And Positioned For Growth In 2025
Summary KeyCorp shares have surged 55% in the past year, driven by solid underwriting, an equity investment, and hopes for easier regulations. The Scotiabank equity stake deal allows KeyCorp to reposition its securities portfolio, boosting net interest income and EPS despite a 5% share dilution. KeyCorp's deposits are up 4% year-over-year, improving liquidity and reducing reliance on wholesale funding, with a strong loan-to-deposit ratio of 71%. With a CET1 capital ratio of 10.8% and limited CRE exposure, KeyCorp is well-positioned for higher rates, and I am targeting $2 in earnings power by next year. Read the full article on Seeking AlphaSeeking Alpha • Oct 21
KeyCorp: Likely Limited Upside
Summary KeyCorp reported a Q3'24 loss of $0.47 per share, mainly due to securities sales. The bank saw a 2.5% Q/Q average deposit growth and a 7% increase in net interest income, indicating healthy performance in core operations. KeyCorp's valuation now reflects a 20% premium to book value, suggesting limited upside potential with shares likely fully valued. Despite risks from potential federal fund rate cuts, KeyCorp confirmed its net interest income outlook for FY 2024. Read the full article on Seeking AlphaSeeking Alpha • Oct 10
KeyCorp Q3 Preview: Interest Rate Relief Mostly Priced In
Summary KeyCorp will report third quarter earnings next week. Analysts expect the bank to post normalized EPS of $0.22 on $1.61 billion of revenue. KeyCorp was stung quite badly in the last hiking cycle, with its net interest margin contracting and investment banking fees also declining sharply. What hurt it on the way up can benefit it on the way down. KeyCorp's balance sheet and fee income mix leave it well-placed for the easing cycle. While I expect that to result in strong revenue and earnings growth, this is mostly in the stock's valuation. Read the full article on Seeking AlphaShareholder Returns
| KEY | US Banks | US Market | |
|---|---|---|---|
| 7D | 3.9% | 3.6% | 0.8% |
| 1Y | 30.9% | 24.5% | 20.5% |
Return vs Industry: KEY exceeded the US Banks industry which returned 23.3% over the past year.
Return vs Market: KEY exceeded the US Market which returned 19.6% over the past year.
Price Volatility
| KEY volatility | |
|---|---|
| KEY Average Weekly Movement | 2.9% |
| Banks Industry Average Movement | 3.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: KEY has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: KEY's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1849 | 17,883 | Chris Gorman | www.key.com |
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits and investment products; personal finance and financial wellness, lending, student loan refinancing, mortgage and home equity, credit card, treasury, and business advisory; commercial leasing, investment management, consumer finance; and wealth management and investment services for institutional, non-profit, and high-net-worth clients.
KeyCorp Fundamentals Summary
| KEY fundamental statistics | |
|---|---|
| Market cap | US$25.15b |
| Earnings (TTM) | US$1.80b |
| Revenue (TTM) | US$7.20b |
14.1x
P/E Ratio1.5x
P/B RatioIs KEY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KEY income statement (TTM) | |
|---|---|
| Revenue | US$7.20b |
| Cost of Revenue | US$0 |
| Gross Profit | US$7.20b |
| Other Expenses | US$5.40b |
| Earnings | US$1.80b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 21, 2026
| Earnings per share (EPS) | 1.67 |
| Gross Margin | 100.00% |
| Net Profit Margin | 25.02% |
| Debt/Equity Ratio | 88.3% |
How did KEY perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield50%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/15 04:58 |
| End of Day Share Price | 2026/07/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
KeyCorp is covered by 44 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| David George | Baird |
| Jason Goldberg | Barclays |