KeyCorp
- Open
- 22.79
- Day high
- 22.99
- Day low
- 22.67
- Prev close
- 22.69
- Volume
- 7.2M
- Mkt cap
- $24.4B
- P/E (TTM)
- 13.2
- EPS (TTM)
- $1.73
- P/B
- 1.2
- P/S
- 2.3
- Yield
- 3.58%
- Per share
- $0.82
- ▼Insiders net selling -$1.6M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
KeyCorp (KEY) is a Financial Services company listed on NYSE. The stock is up 25% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
KeyCorp (KEY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
KEY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $0.42 | $0.44 | +4.2% | $2.0B | -0.3% |
| May 14, 2026 | $0.41 | $0.44 | +7.3% | $2.0B | +0.8% |
| Jan 20, 2026 | $0.38 | $0.41 | +7.9% | $2.0B | +3.4% |
| Oct 16, 2025 | $0.38 | $0.41 | +7.9% | $2.1B | +10.1% |
| Jul 22, 2025 | $0.35 | $0.35 | +1.2% | $1.8B | +1.6% |
| Apr 17, 2025 | $0.32 | $0.33 | +3.8% | $1.7B | -1.3% |
| Jan 21, 2025 | $0.32 | $0.38 | +18.8% | $1.9B | +7.7% |
| Oct 17, 2024 | $0.28 | $0.30 | +7.3% | $1.9B | +16.0% |
| Jul 18, 2024 | $0.24 | $0.25 | +4.2% | $1.5B | -3.0% |
| Apr 18, 2024 | $0.22 | $0.22 | +0.0% | $1.5B | -1.9% |
| Jan 18, 2024 | $0.22 | $0.25 | +13.6% | $1.5B | -3.0% |
| Oct 19, 2023 | $0.27 | $0.29 | +7.4% | $1.5B | -2.3% |
KEY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 24, 2026 | Ramani Mohitofficer: Chief Risk Officer | Sell | 25,000 | $22.74 |
| Jul 6, 2026 | Snyder Barbara Rdirector | Option | 1,526 | — |
| Jul 6, 2026 | CUTLER ALEXANDER Mdirector | Option | 26,893 | — |
| Jul 6, 2026 | VASOS TODD Jdirector | Option | 27,385 | — |
| Jul 6, 2026 | Snyder Barbara Rdirector | Option | 20,168 | — |
| Jul 2, 2026 | Rankin Devina Adirector | Grant | 1,355 | — |
| Jul 2, 2026 | Hayes Robindirector | Grant | 1,355 | — |
| Jul 2, 2026 | CUTLER ALEXANDER Mdirector | Grant | 732 | — |
| Jul 2, 2026 | VASOS TODD Jdirector | Grant | 1,843 | — |
| Jun 5, 2026 | Gile Elizabeth R.director | Sell | 23,946 | $20.88 |
| May 18, 2026 | CUTLER ALEXANDER Mdirector | Grant | 7,352 | — |
| May 18, 2026 | DeSpirito Antonio IIIdirector | Grant | 7,352 | — |
| May 18, 2026 | Hayes Robindirector | Grant | 7,352 | — |
| May 18, 2026 | Allard Jacquidirector | Grant | 7,352 | — |
| May 18, 2026 | Henson Christopher Ldirector | Grant | 7,352 | — |
Source: KEY SEC Form 4 filings, latest Jul 24, 2026. For informational purposes only — not investment advice.
See the full KEY insider & 13F page →KeyCorp company profile
Overview
KeyCorp (NYSE:KEY) is a major American regional bank holding company founded in 1849 and headquartered in Cleveland, Ohio. The company operates primarily through its subsidiary KeyBank National Association, providing a comprehensive range of banking and financial services across 15 states through approximately 999 branches and 1,317 ATMs. KeyCorp has evolved from a local Ohio bank into one of the largest regional banks in the United States, serving both individual consumers and businesses of all sizes. The company has undergone significant strategic repositioning in recent years, including a major partnership with Scotiabank and investments in technology modernization to strengthen its competitive position in the evolving banking landscape.
Business
KeyCorp operates as a traditional commercial bank with two primary business segments that serve distinct customer bases. The Consumer Bank segment provides retail banking services to individual customers and small businesses, offering products such as checking and savings accounts, personal loans, mortgages, home equity lines of credit, credit cards, and wealth management services. This segment also includes the company's digital banking platform Laurel Road, which specializes in student loan refinancing and serves medical professionals and other high-income consumers. The Consumer Bank generates revenue through net interest income from loans and deposits, as well as fees from various banking services. The Commercial Bank segment serves middle-market and large corporate clients, providing sophisticated financial solutions including commercial loans, treasury management, cash management services, foreign exchange, derivatives, equipment financing, and commercial real estate lending. This segment also houses KeyCorp's investment banking operations, which provide debt and equity capital markets services, mergers and acquisitions advisory, syndicated lending, and securities underwriting. The Commercial Bank additionally offers specialized services in sectors such as healthcare, renewable energy, affordable housing, and technology. While specific revenue breakdowns vary by quarter, the Commercial Bank typically generates a larger portion of total revenue, with commercial loans representing approximately 70% of the bank's total loan portfolio of around $104-111 billion. The Consumer Bank contributes through both interest income from consumer loans and deposits, as well as fee-based services including wealth management, which has grown to over $61 billion in assets under management.
Revenue model
KeyCorp generates revenue through the traditional banking model of net interest income and fee-based services. The primary revenue source is net interest income, which represents the difference between what the bank earns on loans and investments versus what it pays on deposits and borrowed funds. This spread-based business model means KeyCorp profits by borrowing money at lower rates (through customer deposits) and lending it at higher rates (through various loan products). The bank's loan portfolio includes commercial and industrial loans, commercial real estate, consumer mortgages, and personal loans. The second major revenue stream comes from fee-based services, which provide more stable, non-interest income. These include investment banking fees from advisory services and capital markets transactions, wealth management fees based on assets under management, commercial payment processing fees, treasury management services, and various consumer banking fees. Investment banking has been particularly strong, generating over $170 million quarterly and representing one of KeyCorp's fastest-growing business lines. Several factors significantly impact KeyCorp's profitability margins. Interest rate movements have the most substantial effect - rising rates generally benefit the bank's net interest margin as loan yields increase faster than deposit costs, while falling rates compress margins. The bank's deposit mix and pricing directly affects funding costs, with the company maintaining relatively low deposit betas (the percentage of rate increases passed to depositors) in the mid-30% range. Credit quality impacts margins through loan loss provisions, with the bank currently expecting net charge-offs of 30-40 basis points annually. Loan demand and utilization rates affect revenue growth, particularly in commercial lending where utilization has been below historical norms. Finally, regulatory capital requirements influence the bank's ability to deploy capital efficiently and may require additional capital buffers that reduce returns on equity.
Risks & safety
KeyCorp presents moderate financial safety with some areas of concern, particularly around profitability and asset quality trends. **Solvency and Liquidity:** - Common Equity Tier 1 ratio of 10.5% provides adequate regulatory capital buffer - Total assets of $187 billion with shareholders' equity of approximately $18 billion - Cash and short-term investments of $1.7 billion, though current ratio of 0.17 reflects typical banking structure - Recent Scotiabank investment provides additional capital cushion - Debt-to-equity ratio of 0.78 is manageable for a bank **Profitability and Earnings Quality:** - 2024 full-year net loss of $161 million raises concerns about operational efficiency - Negative return on equity of -0.9% indicates poor capital utilization - Net interest margin under pressure but expected to recover to 2.7-2.8% by Q4 2025 - Strong fee income growth potential, particularly in investment banking and wealth management **Credit Quality:** - Net charge-offs expected at 30-40 basis points, within reasonable range - Nonperforming loans showing signs of stabilization - Conservative underwriting standards with consumer FICO scores around 768 - Proactive reserve building for economic uncertainty **Valuation Considerations:** - Price-to-book ratio of 0.90 suggests market skepticism about book value - Trading below tangible book value indicates potential value opportunity or fundamental concerns - Forward earnings estimates depend heavily on successful execution of NII recovery plan
Recent development
KeyCorp has undergone significant strategic transformation over the past few years, shifting from a defensive posture during the 2022-2023 interest rate environment to an offensive growth strategy. The most significant development was the strategic partnership with Scotiabank, which invested approximately $2.8 billion for a minority stake in KeyCorp, providing crucial capital for growth initiatives and balance sheet optimization. The company has invested heavily in technology modernization, completing two major core system upgrades and migrating to a hybrid cloud environment to improve operational efficiency and customer experience. This technological foundation supports KeyCorp's digital banking expansion, particularly through the Laurel Road platform, which has grown to serve high-income professionals with specialized lending products. KeyCorp has strategically repositioned its securities portfolio, selling approximately $7 billion in securities near market highs to optimize the balance sheet for rising rate environments. The bank has also focused on growing higher-margin, fee-based businesses, with investment banking achieving record performance levels and wealth management assets growing to over $61 billion. The company has expanded its geographic presence, particularly in high-growth markets like Chicago and Southern California, while consolidating its real estate footprint to reduce costs. Credit management has been proactive, with the bank conducting comprehensive reviews of rate-sensitive clients and building reserves ahead of potential economic stress. KeyCorp has also formed strategic partnerships, including a forward flow arrangement with Blackstone in specialty finance, to generate fee income while managing balance sheet growth. Looking ahead to 2025, the company expects to benefit from approximately $900 million in annual income as fixed-rate swaps and treasury securities mature and reprice at higher rates.
KEY company profile · for informational purposes only — not investment advice.
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