KeyCorp (KEY)

NYSE: KEY · IEX Real-Time Price · USD
12.94
-0.50 (-3.72%)
At close: Dec 5, 2023, 4:00 PM
12.98
+0.04 (0.31%)
After-hours: Dec 5, 2023, 7:59 PM EST
-3.72%
Market Cap 12.58B
Revenue (ttm) 6.09B
Net Income (ttm) 1.15B
Shares Out 936.26M
EPS (ttm) 1.24
PE Ratio 10.44
Forward PE 11.09
Dividend $0.82 (6.34%)
Ex-Dividend Date Nov 27, 2023
Volume 21,358,240
Open 13.25
Previous Close 13.44
Day's Range 12.76 - 13.25
52-Week Range 8.54 - 20.30
Beta 1.32
Analysts Buy
Price Target 14.91 (+15.22%)
Earnings Date Jan 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; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust ... [Read more]

Sector Financials
Founded 1825
Employees 17,660
Stock Exchange NYSE
Ticker Symbol KEY
Full Company Profile

Financial Performance

In 2022, KeyCorp's revenue was $6.74 billion, a decrease of -12.23% compared to the previous year's $7.68 billion. Earnings were $1.80 billion, a decrease of -28.58%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for KEY stock is "Buy." The 12-month stock price forecast is $14.91, which is an increase of 15.22% from the latest price.

Price Target
$14.91
(15.22% upside)
Analyst Consensus: Buy
Stock Forecasts

News

KeyCorp stock falls on lower non-interest income forecast

KeyCorp.'s stock KEY, -3.52% was down 3.8% on Tuesday after the bank lowered its fourth-quarter outlook for non-interest income to drop by 5% to 8% from the previous quarter. The bank's prior estimate...

13 hours ago - Market Watch

KeyBank's Expanded Relationship Benefits and New Perks Offer Consumers More Flexibility and Control of Their Finances

Expanded relationship benefits for consumers who bank with Key include discounted rates on personal loans and home lending products to keep clients moving forward on their financial journeys CLEVELAND...

14 hours ago - PRNewsWire

KEYCORP TO PRESENT AT THE GOLDMAN SACHS 2023 U.S. FINANCIAL SERVICES CONFERENCE

CLEVELAND , Nov. 20, 2023 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, and Clark Khayat, Chief Financial Officer, will present at the Go...

15 days ago - PRNewsWire

KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

CLEVELAND , Nov. 16, 2023 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the fourth quarter of 2023: A cash dividend of $0.205 per...

19 days ago - PRNewsWire

Why this Dow stock went from worst in 2022 to first in 2023 — and 13 turnaround candidates for 2024

Stocks' yearly performance rankings are a field day for contrarians: One year's worst often are the subsequent year's best, and vice versa.

Other symbols: CRMNVDABMYCCICFGCMAES
26 days ago - Market Watch

JPMorgan's and PNC's mixed outlook on net interest income draws attention from analyst after industry gathering

Big U.S. banks have signaled that they expect net interest income to bottom out in the next few quarters as they keep an eye on whether the cost of consumer deposits will come down, a bank analyst sai...

Other symbols: BKFHNFITBGSJPMMSPNC
4 weeks ago - Market Watch

Here's why KBW upgraded KeyCorp to outperform from market perform

David Konrad, KBW managing director, joins 'Squawk on the Street' to discuss why KBW decided to upgrade Keycorp's stock, what needs to happen for Konrad's thesis to come to fruition, and more.

4 weeks ago - CNBC Television

US regional banks shares surge after Bill Gross says they have hit bottom

Shares of a handful of U.S. regional banks popped on Thursday after famed bond investor Bill Gross said the danger in investing in them had passed.

Other symbols: CFGFHNTFC
4 weeks ago - Reuters

Albany Black Chamber of Commerce Awarded $200,000 Grant from KeyBank Foundation

KeyBank Foundation Impact Grant will provide Albany Black Chamber of Commerce (ABCC) $200,000 to help ABCC build a more vital, sustainable organization to serve its members and the community ALBANY, N...

4 weeks ago - PRNewsWire

$400,000 Investment by KeyBank to Help NeighborWorks Western Pennsylvania Expand Efforts to Increase Equity in Homeownership in the Region

Program will focus on Black individuals and families who have historically had inequitable access to homeownership PITTSBURGH , Oct. 31, 2023 /PRNewswire/ -- KeyBank is investing $400,000 in NeighborW...

5 weeks ago - PRNewsWire

Bill Gross Is Staying Away From Regional Banks. Except for These Three.

The former bond king has been buying "a little" of Citizens Financial, Truist Financial, and KeyCorp.

Other symbols: CFGKRETFC
5 weeks ago - Barrons

KeyBank Now Offering Financing Options for Manufactured Homes

With new options to finance manufactured homes, KeyBank is further committing to making the path to homeownership easier and more equitable CLEVELAND , Oct. 26, 2023 /PRNewswire/ -- Today, KeyBank (NY...

5 weeks ago - PRNewsWire

KEYCORP TO PRESENT AT THE BANCANALYSTS ASSOCIATION OF BOSTON CONFERENCE

CLEVELAND , Oct. 25, 2023 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Clark Khayat, Chief Financial Officer, Angela Mago, Head of Commercial Banking, and Randy Paine, Head of Institutiona...

5 weeks ago - PRNewsWire

Regional Lenders Are Getting Smaller to Stay Afloat

America's regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that ...

Other symbols: CFGPNCTFC
6 weeks ago - PYMNTS

Regional Bank Stocks' Gains Belie Their Q3 Results

From a stock market standpoint, regional U.S. banks have stabilized after this spring's banking turmoil. But that recovery belies their deteriorating financial performance.

Other symbols: EWBCFITBKRETFC
6 weeks ago - Investopedia

KEYCORP REPORTS THIRD QUARTER 2023 NET INCOME OF $266 MILLION, OR $.29 PER DILUTED COMMON SHARE

Strong balance sheet with significant capital build: Common Equity Tier 1 of 9.8%(a), up 50 basis points from the prior quarter and above targeted range Focus on relationships and balance sheet optimi...

6 weeks ago - PRNewsWire

3 Dividend Growth Stocks With 6% to 8% Yields

Geopolitical turmoil in Ukraine and Israel. J.P. Morgan CEO Jamie Dimon's stark warning about not only military conflict but also the burgeoning national debt.

Other symbols: LEGMMM
7 weeks ago - MarketBeat

KeyBank Ranks among Top SBA Lenders in Country

KeyBank ranks in top 15 nationally for both SBA 7(a) and SBA 504 lending programs for SBA 2023 fiscal year for unit volumes CLEVELAND , Oct. 16, 2023 /PRNewswire/ -- Today, KeyBank (NYSE: KEY) announc...

7 weeks ago - PRNewsWire

CFRA's Ken Leon says deposit risks are still a concern for regional banks

Ken Leon, CFRA Director of Equity Research, joins 'Closing Bell: Overtime' to discuss bank earnings and what to expect next week from regionals.

Other symbols: FITBKREUSBXLF
7 weeks ago - CNBC Television

9 Safe High Yield Dividend Stocks To Buy For 2023

Over the long term, investing in good high yield dividend stocks remain one of the most effective ways to beat inflation. See our latest October 2023 picks.

Other symbols: BBYCMACTRADOWFANGHPQRF
2 months ago - Forbes

KeyBank Opens New, Full-Service Branch in West Valley City

October 20-21 ribbon cutting and grand opening festivities also include $10,000 in donations to local nonprofit WEST VALLEY CITY, Utah , Oct. 10, 2023 /PRNewswire/ -- KeyBank announced the opening of ...

2 months ago - PRNewsWire

KEYBANK PROVIDES $14.6 MILLION OF FINANCING FOR SUPPORTIVE HOUSING IN TACOMA, WASHINGTON

CLEVELAND , Oct. 3, 2023 /PRNewswire/ -- KeyBank Community Development Lending and Investment (CDLI) provided $14.6 million financing for the construction of New Life Homes, a 60-unit low-income housi...

2 months ago - PRNewsWire

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of KeyCorp of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 3, 2023 - (NYSE: KEY)

NEW YORK , Oct. 3, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of KeyCorp. Shareholders who purchased shares of KEY during the class period listed are encourage...

2 months ago - PRNewsWire

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in KeyCorp with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against KeyCorp ("Key" or "the Company"...

2 months ago - Accesswire

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against KeyCorp (KEY)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 3, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investo...

2 months ago - Business Wire