KeyCorp (KEY)
| Market Cap | 13.61B |
| Revenue (ttm) | 5.75B |
| Net Income (ttm) | 731.00M |
| Shares Out | 942.86M |
| EPS (ttm) | 0.79 |
| PE Ratio | 18.27 |
| Forward PE | 11.20 |
| Dividend | $0.82 (5.68%) |
| Ex-Dividend Date | May 24, 2024 |
| Volume | 10,047,162 |
| Open | 14.19 |
| Previous Close | 14.22 |
| Day's Range | 14.16 - 14.45 |
| 52-Week Range | 9.10 - 15.86 |
| Beta | 1.27 |
| Analysts | Buy |
| Price Target | 18.04 (+25.02%) |
| Earnings Date | Jul 18, 2024 |
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 17 analysts, the average rating for KEY stock is "Buy." The 12-month stock price forecast is $18.04, which is an increase of 25.02% from the latest price.
News
KeyBank Surpasses $2 Million Funded in Home Buyer Credits, Helping 442 Clients Achieve the Dream of Homeownership
Funding milestone illustrates KeyBank's commitment to making homeownership affordable and sustainable for all CLEVELAND , July 1, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more ...
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...
Bank stocks and corporate bonds hold gains on flat inflation report and Fed update
Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector.
KEYCORP TO PRESENT AT THE MORGAN STANLEY US FINANCIALS, PAYMENTS, & CRE CONFERENCE
CLEVELAND , June 4, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Clark Khayat, Chief Financial Officer, and Daniel Heberle, President, KeyBank Real Estate Capital, will present at the...
KEYBANK RANKS #17 ON FAIR360'S TOP COMPANIES FOR DIVERSITY
CLEVELAND , May 23, 2024 /PRNewswire/ -- KeyBank (NYSE:KEY) has earned 17th place on the 2024 Fair360 "Top 50 Companies for Diversity" list (formerly known as DiversityInc), improving 5 spots from #...
KEYCORP TO PRESENT AT THE BERNSTEIN ANNUAL STRATEGIC DECISIONS CONFERENCE
CLEVELAND , May 22, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will present at the Bernstein Annual Strategic Decisions Conferenc...
KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS
CLEVELAND , May 9, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the second quarter of 2024: A cash dividend of $0.205 per s...
KeyBank Launches Virtual Account Management Solution for Treasury Clients
Cleveland-based financial institution KeyBank has launched a virtual account management solution for treasury management clients.
KEYBANK LAUNCHES VIRTUAL ACCOUNT MANAGEMENT SERVICES POWERED BY QOLO'S TECHNOLOGY PLATFORM
Innovative technology enables instant access to KeyBank commercial cash management bank accounts CLEVELAND , May 7, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced the launch of KeyVAM, a virtua...
KEYCORP ANNOUNCES 2025 QUARTERLY EARNINGS CONFERENCE CALL DATES
CLEVELAND , May 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced plans to host conference calls to review quarterly financial results on the following dates: Fourth quarter 2024 – Tuesday, ...
KEY PRIVATE BANK WINS 'BEST REGIONAL PRIVATE BANK' AT THE 2024 FAMILY WEALTH REPORT AWARDS
CLEVELAND , May 3, 2024 /PRNewswire/ -- Key Private Bank, the wealth management division of KeyCorp (NYSE:KEY), announced that it was awarded "Best Regional Private Bank" at the Eleventh Annual Family...
KeyBank Survey Finds Signs of Confidence with Small Business Owners Coupled With Concerns about Inflation, Fraud and Political Noise
Confidence among small business owners could be one of the first indicators of economic resiliency in the U.S. CLEVELAND , May 2, 2024 /PRNewswire/ -- Often the first to feel the effects of inflation ...
Banks are well positioned for CRE concerns, says Baird's David George
David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.
CEO Says KeyBank Is ‘Back to Playing Offense'
Liquidity continues to dominate Q1 earnings season for banking. Saying his company can finally “play offense,” Cleveland-based KeyBank CEO Chris Gorman presented a solid balance sheet and a cautious t...
KEYCORP REPORTS FIRST QUARTER 2024 NET INCOME OF $183 MILLION, OR $.20 PER DILUTED COMMON SHARE, WITH $.02 IMPACT FROM THE FDIC SPECIAL ASSESSMENT(a)
Noninterest income up 6% year-over-year and linked quarter, driven by strength in investment banking and debt placement fees Continued to strengthen the balance sheet by reducing reliance on wholesale...
KeyBank Receives 11th Consecutive "Outstanding" Rating from the OCC on Community Reinvestment Act Exam
KeyBank has maintained a rating of "Outstanding" from the OCC for 11 consecutive review periods since the Act's passage in 1977 CLEVELAND , April 10, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) has ear...
KeyBank Affirms Commitment to Accessible and Affordable Pathways to Homeownership
Special Purpose Credit Programs and home buyer education take center stage this Fair Housing Month CLEVELAND , April 8, 2024 /PRNewswire/ -- As part of its commitment to helping clients on their indiv...
KeyBank Surpasses $10 Million in Funded Loans Through Key Opportunities Home Equity Loan Program
Funding milestone illustrates KeyBank's commitment to making homeownership affordable and sustainable for all CLEVELAND , March 25, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded mor...
KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership
Partnership demonstrates commitment to providing relationship clients with capital and investing in high-return businesses CLEVELAND , March 18, 2024 /PRNewswire/ -- Today, KeyCorp (NYSE: KEY, "Key") ...
NEUBERGER BERMAN AND KEY WEALTH ANNOUNCE A PROPRIETARY CUSTOMIZED DIRECT INVESTMENT OFFERING FOR KEY PRIVATE BANK CLIENTS
In an evolution of direct indexing, Neuberger Berman's Customize Direct Investing solution will be integrated into Key Wealth's Equity Strategies to help customize portfolios and manage tax impact for...
KEYCORP TO PRESENT AT THE 2024 RBC CAPITAL MARKETS GLOBAL FINANCIAL INSTITUTIONS CONFERENCE
CLEVELAND , Feb. 26, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Clark Khayat, Chief Financial Officer, will present at the 2024 RBC Capital Markets Global Financial Institutions Con...
KEYCORP ANNOUNCES STACY L. GILBERT TO SUCCEED DOUGLAS M.
CLEVELAND , Feb. 26, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced that Douglas M. Schosser, currently Chief Accounting Officer, will be leaving the company to pursue a senior executive position ...
Fears about office-space loans are ‘overblown,' Citi says
While commercial-real-estate loan delinquencies will increase, the $39 billion that banks have already set aside to cover losses should be enough to mitigate any impact to the system, Citi analysts sa...
U.S. Bancorp and 15 others fined $81 million for record-keeping failures by SEC
The Securities and Exchange Commission announced charges against 16 financial companies for failing to properly maintain and preserve electronic communications, with the companies agreeing to pay a to...
KEY PRIVATE BANK WINS AWARD FOR 'PRIVATE BANKING CLIENT SERVICE' AT THE 2024 PRIVATE ASSET MANAGEMENT AWARDS
CLEVELAND , Feb. 9, 2024 /PRNewswire/ -- Key Private Bank, the wealth management division of KeyCorp (NYSE:KEY), was awarded for the best "Private Banking Client Service" at the Private Asset Manageme...