KEY
NYSE · Financial Services · Banks - Regional · US
Research · Oct 17, 2026
Regional Banks Cut Bond Rate Risk Ahead of AOCI Capital Rule
Truist, M&T and Regions sold, reclassified or hedged long-dated bonds in Q3 2026 as a Basel III re-proposal moves AFS losses toward core capital.
Research · Oct 17, 2026
[KEY] KeyCorp: Q3 2026 earnings preview on margin repricing and deposit costs
KeyCorp's Q2 2026 net interest margin rose just 2 bps to 2.89% on $1.258B of net interest income; Q3 results test whether asset repricing can outrun rising deposit costs.
Research · Sep 3, 2026
[KEY] KeyCorp Thesis 2026: Scotiabank Repositioning Builds NII Recovery Runway
KeyCorp executed the first full year of its Scotiabank-enabled NII recovery in FY2025, with NII of ~$4.42B, NIM expanding from 2.18% to ~2.45%, and adjusted EPS of ~$1.50. The $7B securities repositioning (sold at ~2.2%, reinvested at ~5.3%) generates approximately $210M in annualized NII benefit that flows through FY2025-FY2026. Management's FY2027 target of $5.0B+ NII and 15-16% ROTCE represents significant upside if executed on schedule. Credit quality held with NCO ratio ~55bp.