KeyCorp (KEY)
| Market Cap | 16.94B |
| Revenue (ttm) | 4.85B |
| Net Income (ttm) | 5.00M |
| Shares Out | 991.28M |
| EPS (ttm) | 0.00 |
| PE Ratio | 3,388.21 |
| Forward PE | 11.82 |
| Dividend | $0.82 (4.80%) |
| Ex-Dividend Date | Dec 3, 2024 |
| Volume | 9,579,961 |
| Open | 16.76 |
| Previous Close | 16.81 |
| Day's Range | 16.67 - 17.26 |
| 52-Week Range | 12.94 - 20.04 |
| Beta | 1.24 |
| Analysts | Buy |
| Price Target | 19.21 (+12.41%) |
| Earnings Date | Jan 21, 2025 |
About KEY
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, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, ... [Read more]
Financial Performance
In 2023, KeyCorp's revenue was $5.89 billion, a decrease of -12.59% compared to the previous year's $6.74 billion. Earnings were $824.00 million, a decrease of -54.20%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for KEY stock is "Buy." The 12-month stock price forecast is $19.21, which is an increase of 12.41% from the latest price.
News
KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.50 PERCENT
CLEVELAND , Dec. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. Abo...
KeyCorp Series I Preferred Shares Offer Income Growth Opportunity
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. T...
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...
Fed clears KeyCorp's $2 billion cash infusion from Scotiabank earlier than expected and its stock is up
Analyst hails Fed's quicker-than-expected OK of the investment in KeyCorp from Bank of Nova Scotia as a good sign for more deal-making
KEYCORP AND SCOTIABANK RECEIVE REGULATORY APPROVAL TO COMPLETE STRATEGIC MINORITY INVESTMENT
CLEVELAND , Dec. 13, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that all required regulatory approvals have been received for completion of The Bank of Nova Scotia's ("Scotiabank") strat...
Fed approves Scotiabank bid to acquire voting shares in KeyCorp
The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting shares in U.S. regional lender KeyCorp , as the Canadian bank looks to boost it...
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge div...
6 Regional Bank Stocks to Buy Before Trump Names New SEC Leadership
The regional banking sector has spent much of the last two years making headlines for all the wrong reasons. Bank failures like Silicon Valley, Signature Bank, and First Republic Bank rocked the secto...
KEYCORP TO PRESENT AT THE GOLDMAN SACHS FINANCIAL SERVICES CONFERENCE
CLEVELAND , Nov. 22, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will speak at the Goldman Sachs Financial Services Conference on ...
KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS
CLEVELAND , Nov. 21, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the fourth quarter of 2024: A cash dividend of $0.205 per...
KeyCorp: Well Capitalized And Positioned For Growth In 2025
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...
KEYBANK EXPANDS COMMERCIAL BANKING TEAMS IN CHICAGO AND SOUTHERN CALIFORNIA TO SERVE THE MIDDLE MARKET
CLEVELAND , Nov. 19, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced an expansion of its commercial banking business in Chicago and Southern California to serve more middle market clients with thei...
As Small Business Owners Begin Post-Election Planning for 2025, KeyBank Poll Finds Taxes, Regulations and Trade Policies are Top of Mind
Poll also found many are preparing for growth, including hiring CLEVELAND , Nov. 14, 2024 /PRNewswire/ -- With the election now behind us, many business owners are planning for 2025. A recent KeyBank ...
Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge div...
KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.75 PERCENT
CLEVELAND , Nov. 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 7.75 percent from 8.00 percent, effective tomorrow, Nov. 8, 2024. About...
KEYCORP PRESENTATION AT THE BANCANALYSTS ASSOCIATION OF BOSTON CONFERENCE CANCELED
CLEVELAND , Nov. 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today the cancellation of its presentation and webcast at the BancAnalysts Association of Boston Conference, originally scheduled...
KEYCORP TO PRESENT AT THE BANCANALYSTS ASSOCIATION OF BOSTON CONFERENCE
CLEVELAND , Oct. 30, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Ken Gavrity, Head of Commercial Banking, and Clark Khayat, Chief Financial Officer, will present at The BancAnalysts ...
PRIVATE SAAS COMPANY SURVEY REVEALS SHIFT TOWARDS FUTURE GROWTH WITH A CONTINUED FOCUS ON OPERATIONAL EFFICIENCY AND PROFITABILITY
15th annual report suggests AI and macro-economic optimism as drivers of growth in 2025 SAN FRANCISCO and MENLO PARK, Calif. , Oct. 23, 2024 /PRNewswire/ -- KeyBanc Capital Markets (KBCM), the corpora...
KeyCorp: Likely Limited Upside
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 performanc...
KeyCorp CEO on earnings: Tailwinds are just getting started and banks have a lot of momentum
Chris Gorman, KeyCorp CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, provisions for credit losses, and much more.
KeyCorp (KEY) Q3 2024 Earnings Call Transcript
KeyCorp (NYSE:KEY) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Brian Mauney - Director, IR Christopher Gorman - Chairman and CEO Clark H. I. Khayat - CFO Confere...
KEYCORP REPORTS THIRD QUARTER 2024 NET LOSS OF $(447) MILLION, OR $(.47) PER DILUTED COMMON SHARE, AND ADJUSTED NET INCOME OF $290 MILLION, OR $.30 PER DILUTED COMMON SHARE(a)
Received initial $821 million tranche of strategic minority investment from Scotiabank; Common Equity Tier 1 ratio of 10.8% and Tangible Common Equity ratio of 6.2%(b) Net interest income up 7% quarte...
How To Earn $500 A Month From KeyCorp Stock Ahead Of Q3 Earnings
KeyCorp KEY will release earnings results for its third quarter before the opening bell on Thursday, Oct. 17.
Dividend Stocks With Strong Q4 Seasonality
Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have bee...
KeyBank Hits Another Important Milestone, Surpassing $1 Million in Neighbors First Credits
Program has helped 200 clients across America achieve sustainable and affordable homeownership CLEVELAND , Sept. 30, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $1 milli...