KeyCorp (KEY)
| Market Cap | 13.61B |
| Revenue (ttm) | 5.89B |
| Net Income (ttm) | 824.00M |
| Shares Out | 933.84M |
| EPS (ttm) | 0.88 |
| PE Ratio | 16.72 |
| Forward PE | 12.42 |
| Dividend | $0.82 (5.57%) |
| Ex-Dividend Date | Feb 26, 2024 |
| Volume | 11,809,044 |
| Open | 14.56 |
| Previous Close | 14.64 |
| Day's Range | 14.35 - 14.83 |
| 52-Week Range | 8.54 - 15.86 |
| Beta | 1.27 |
| Analysts | Buy |
| Price Target | 16.00 (+8.77%) |
| Earnings Date | Apr 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 $16.0, which is an increase of 8.77% from the latest price.
News
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...
KEYCORP TO PRESENT AT THE BANK OF AMERICA SECURITIES 2024 FINANCIAL SERVICES CONFERENCE
CLEVELAND , Feb. 5, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will present at the Bank of America Securities Financial Services ...
Top Wall Street analysts are upbeat about these 3 dividend stocks
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including KeyCorp and Brookfield Infrastructure Partners
KEYBANK PARTNERS WITH COMMUNITY LENDING INSTITUTIONS TO PROVIDE $50 MILLION IN ACCESS TO CAPITAL
CLEVELAND , Jan. 23, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced placement of $50 million in deposits with six Community Development Financial Institutions (CDFIs) and Minority Depository Insti...
Americans Say Money Isn't Buying Happiness, Even as Savings Shrink, Finds KeyBank Survey
According to KeyBank's annual Financial Mobility Survey, Americans are prioritizing happiness over status and achievement but remain concerned about the financial year ahead CLEVELAND , Jan. 22, 2024 ...
KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs
KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods. They rose to $76 million during the quarter, up from $74 million in the previous...
KEYCORP REPORTS FOURTH QUARTER 2023 NET INCOME OF $30 MILLION, OR $.03 PER DILUTED COMMON SHARE
Fourth quarter 2023 net income reflects $209 million of after-tax expenses, or $.22 per share, from the following items: FDIC special assessment, efficiency related expenses, and a pension settlement ...
KeyBank Names Rachael Sampson Head of Community Banking for the Consumer Bank
Veteran banker will lead a team that will build on Key's progress in reaching consumer clients in low-to-moderate income and diverse segments, and strengthen the bank's connection to the communities i...
KEYCORP ANNOUNCES RETIREMENT OF VERNON PATTERSON, DIRECTOR OF INVESTOR RELATIONS; BRIAN MAUNEY JOINS KEY AS SUCCESSOR
CLEVELAND , Jan. 10, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Vernon Patterson, Director of Investor Relations, will retire in the spring of 2024, and will be succeeded by Brian Mauney, ...
KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS; SETS ANNUAL MEETING DATE
CLEVELAND , Jan. 10, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2024: A cash dividend of $0.205 per ...
KEYCORP NAMES DARRIN BENHART AS CHIEF RISK OFFICER
CLEVELAND , Jan. 9, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Darrin Benhart, Deputy Chief Risk Officer, has been named the bank's Chief Risk Officer, effective January 1, 2024. Darrin s...
KeyBank Foundation Invests More than $6 Million in 12 Cleveland Area Non-Profit Organizations
Chosen community organizations will use grant dollars to improve the lives of Northeast Ohioans CLEVELAND, Jan. 3, 2024 /PRNewswire/ -- KeyBank and the KeyBank Foundation announced it has supported tw...