Keycorp

Keycorp

KEY

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Market Cap$25.16B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
KeycorpKeycorp13.53.52%10%2.90.7

Earnings Call Q2 2026

July 21, 2026 - AI Summary

Strong Q2 financial performance + momentum - EPS: $0.44, +26% YoY - Revenue: +7% YoY; pre-provision net revenue +9% - NIM: 2.89%, +2 bps sequentially (but discussed as not as strong as some expectations) - Shareholder returns: Repurchased >$340M in the quarter; pacing to ≥$1.3B full-year buyback target
Guidance raised / outlook improving (but depends on rate + deposit dynamics) - Revenue guidance (2026): raised to +7% to +8% (from ~7% previously) - Net interest income (2026): raised to +9% to +11% (from +9% to +10%) - Exit NIM (end of 2026): expected 3.00% to 3.05% - Loan growth (2026): average loans +4% to +5% (previously +2% to +4%); commercial loans +8% to +10% - Company expects operating leverage: revenues growing ~2x expenses in 2026
NIM “gap” drivers (good news on fundamentals, but a notable headwind this quarter) - Management attributed Q2 NIM to a mix of: - Stronger-than-expected loan growth but slightly tighter spreads (higher credit quality mix) - Overnight spread/sulfur down ~4 bps - Seasonal deposit trough (late May) creating temporary funding needs - Wholesale funding bridge instead of repricing deposits (to avoid harming deposit franchise; expecting deposits to grow in 2H) - What supports the path back to ~3%+: - ~$9B fixed-rate asset repricing in 2H with ~+1.25% benefit - Expect client deposit growth >2% in 2H (core operating deposits)

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$25.40

Target Price by Analysts

10.5% upsideKeycorp Target Price DetailsTarget Price
$22.05

Current Fair Value

4.1% downside

Overvalued by 4.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$25.16 Billion
Enterprise Value$38.10 Billion
Dividend Yield$0.82 (3.52%)
Earnings per Share$1.53
Beta1.03
Outstanding Shares1,071,229,000

Return

Return on Equity10.25%ROE
Return on Assets1.06%
Return on Invested Capital5.48%

Valuation & Multiples

P/E Ratio13.47P/E Ratio
PEG0.01PEG
Price to Sales2.87Price to Sales
Price to Book Ratio1.28Price to Book Ratio
Enterprise Value to Revenue4.04
Enterprise Value to EBIT20.14
Enterprise Value to Net Income18
Total Debt to Enterprise0.38
Debt to Equity0.74Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 21, 2026
EPS Estimate
$0.42
Average shareholder expectation
Revenue Estimate
$1.97 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 20, 2026
EPS Estimate
$0.46
Average shareholder expectation
Revenue Estimate
$2.04 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6617 38.10%
Total Calls720,300 85.35%
Total Puts476,600 90.70%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %22.73% 62.50%
Total Invested$5.68B 69.64%
Investors Holding517 422.00%

ESG Score

No data

About Keycorp

16,826 employees
CEO: Beth Mooney