Keycorp

Keycorp

KEY

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Market Cap$25.42B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
KeycorpKeycorp14.43.48%8%2.90.9

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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$25.43

Target Price by Analysts

10% upsideKeycorp Target Price DetailsTarget Price
$22.11

Current Fair Value

4.3% downside

Overvalued by 4.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$25.42 Billion
Enterprise Value$41.35 Billion
Dividend Yield$0.82 (3.48%)
Earnings per Share$1.53
Beta1.02
Outstanding Shares1,084,277,000

Return

Return on Equity7.61%ROE
Return on Assets0.81%
Return on Invested Capital5.67%

Valuation & Multiples

P/E Ratio14.36P/E Ratio
PEG-PEG
Price to Sales2.89Price to Sales
Price to Book Ratio1.28Price to Book Ratio
Enterprise Value to Revenue4.36
Enterprise Value to EBIT21.04
Enterprise Value to Net Income27
Total Debt to Enterprise0.41
Debt to Equity0.85Debt 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 Ratio0.0000 104.27%
Total Calls160,400 96.74%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %1.88% 83.35%
Total Invested$467.50M 97.50%
Investors Holding169 768.00%

ESG Score

No data

About Keycorp

16,826 employees
CEO: Beth Mooney

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its reports directly influence corporate tax structures, capital investment credits, and the overall tax burden on financial institutions like Keycorp, making it critically important for the bank's financial planning and profitability.

Finance

This is a highly powerful committee controlling taxation, trade, and entitlement spending. Its decisions on corporate tax policy directly impact Keycorp's profitability, capital allocation, and valuation. Trade policies and broader economic health initiatives also significantly affect the commercial banking sector.

Banking, Housing, and Urban Affairs

This committee directly regulates the entire financial system, including the Federal Reserve, SEC, and HUD. It is the primary legislative body for bank capital requirements, cryptocurrency regulation, mortgage lending, and real estate markets, which are all central to Keycorp's commercial banking business. Members would possess highly material non-public information.