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NYSE:KEY

KeyCorp (KEY) Stock Price, News & Analysis

$13.73
+0.31 (+2.31%)
(As of 06/12/2024 ET)
Today's Range
$13.63
$14.12
50-Day Range
$13.43
$15.57
52-Week Range
$9.10
$15.86
Volume
16.37 million shs
Average Volume
14.89 million shs
Market Capitalization
$12.95 billion
P/E Ratio
17.38
Dividend Yield
5.97%
Price Target
$16.00

KeyCorp MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
16.5% Upside
$16.00 Price Target
Short Interest
Healthy
3.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.28
Upright™ Environmental Score
News Sentiment
1.14mentions of KeyCorp in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
43.86%
From $1.14 to $1.64 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.97 out of 5 stars

Finance Sector

20th out of 860 stocks

National Commercial Banks Industry

6th out of 83 stocks

KEY stock logo

About KeyCorp Stock (NYSE:KEY)

KeyCorp is a Cleveland-based financial services company that provides a wide range of banking and financial solutions to individuals, small and medium-sized businesses, and large corporations across the United States. The company operates through its primary segments, Key Community Bank and Key Corporate Bank. Key Community Bank offers a wide range of products and services to individuals and small to medium-sized businesses. In contrast, Key Corporate Bank offers a range of commercial banking, treasury management, and capital markets products and services to large corporations.

KeyCorp has a long history of providing quality financial services to its clients. The company was founded in 1825 and has since become one of the largest banks in the United States, with over 1,100 branches and more than 1,500 ATMs nationwide. KeyCorp has also received numerous accolades for its financial performance, including recognition as one of the 2021 World's Most Admired Companies by Fortune Magazine and as one of America's Best Employers for Diversity in 2021 by Forbes.

The management team at KeyCorp is led by Chairman and Chief Executive Officer Chris Gorman, who has been with the company for over 25 years. Gorman is known for his focus on building strong relationships with clients and employees and his commitment to driving innovation and growth within the company. Other key leadership team members include Vice Chairman and Chief Risk Officer Mark Midkiff and Chief Financial Officer Don Kimble.

Regarding financial performance, KeyCorp has consistently delivered solid results over the past few years. The company reported that total revenue and net profit increased over several years. KeyCorp's profit margins have also remained strong, with an average net profit margin of around 20%. The company has maintained a strong balance sheet with enough assets to cover liabilities. Regarding valuation, KeyCorp trades at a price-to-earnings ratio slightly below the industry average. The company's price-to-book ratio is also lower than the industry average. These key metrics indicate that the stock may be undervalued relative to its peers. 

The broader banking industry faces several challenges, including low-interest rates, increasing competition from fintech companies, and regulatory pressure. However, KeyCorp has been able to navigate these challenges by focusing on building strong relationships with clients and delivering innovative solutions that meet their needs. The company's primary competitors include other large banks such as JPMorgan Chase, Bank of America, and Wells Fargo.

Looking ahead, KeyCorp has many growth opportunities that it can pursue to continue to expand its business. The company has been investing in technology and digital capabilities to enhance its customer experience and improve operational efficiency. KeyCorp has also expanded its footprint in key markets, such as Texas and Florida, through strategic acquisitions and partnerships.

However, there are also potential risks and challenges that KeyCorp may face in the coming years. Changes in consumer preferences and technological disruption could impact the company's ability to attract and retain customers. Regulatory changes could also affect the company's operations and profitability.

KEY Stock Price History

KEY Stock News Headlines

Investors Purchase High Volume of KeyCorp Put Options (NYSE:KEY)
KeyBank Named Honoree of The Civic 50
Is KeyCorp (NYSE:KEY) A Top Local Bank Stock?
The 6 Best Dividend Stocks To Buy With $2000
How Is The Market Feeling About KeyCorp?
KeyCorp (KEY)
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/26/2024
Dividend Payable
3/15/2024
Last Earnings
4/18/2024
Ex-Dividend for 6/14 Dividend
5/24/2024
Today
6/12/2024
Dividend Payable
6/14/2024
Next Earnings (Confirmed)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
CUSIP
49326710
Employees
17,333
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$18.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+16.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$967 million
Pretax Margin
9.83%

Debt

Sales & Book Value

Annual Sales
$10.40 billion
Cash Flow
$1.54 per share
Book Value
$12.96 per share

Miscellaneous

Free Float
936,543,000
Market Cap
$12.95 billion
Optionable
Optionable
Beta
1.28

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KEY Stock Analysis - Frequently Asked Questions

Should I buy or sell KeyCorp stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last twelve months. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KEY shares.
View KEY analyst ratings
or view top-rated stocks.

What is KeyCorp's stock price target for 2024?

17 brokerages have issued 12 month price targets for KeyCorp's shares. Their KEY share price targets range from $12.00 to $18.00. On average, they anticipate the company's stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for KEY
or view top-rated stocks among Wall Street analysts.

How have KEY shares performed in 2024?

KeyCorp's stock was trading at $14.40 at the beginning of the year. Since then, KEY stock has decreased by 4.7% and is now trading at $13.73.
View the best growth stocks for 2024 here
.

Are investors shorting KeyCorp?

KeyCorp saw a increase in short interest in May. As of May 31st, there was short interest totaling 29,620,000 shares, an increase of 20.7% from the May 15th total of 24,540,000 shares. Based on an average daily volume of 12,330,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.2% of the shares of the stock are sold short.
View KeyCorp's Short Interest
.

When is KeyCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our KEY earnings forecast
.

How can I listen to KeyCorp's earnings call?

KeyCorp will be holding an earnings conference call on Thursday, July 18th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were KeyCorp's earnings last quarter?

KeyCorp (NYSE:KEY) posted its earnings results on Thursday, April, 18th. The financial services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.01. The financial services provider earned $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. KeyCorp had a trailing twelve-month return on equity of 8.89% and a net margin of 7.53%. KeyCorp's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS.
Read the conference call transcript
.

How often does KeyCorp pay dividends? What is the dividend yield for KeyCorp?

KeyCorp announced a quarterly dividend on Thursday, May 9th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.205 per share on Friday, June 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, May 24th.
Read our dividend analysis for KEY
.

Is KeyCorp a good dividend stock?

KeyCorp (NYSE:KEY) pays an annual dividend of $0.82 per share and currently has a dividend yield of 6.00%. KEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 103.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KEY will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KEY.

What is Chris Gorman's approval rating as KeyCorp's CEO?

70 employees have rated KeyCorp Chief Executive Officer Chris Gorman on Glassdoor.com. Chris Gorman has an approval rating of 85% among the company's employees.

What other stocks do shareholders of KeyCorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other KeyCorp investors own include Bank of America (BAC), AT&T (T), Cisco Systems (CSCO), Intel (INTC), JPMorgan Chase & Co. (JPM), General Electric (GE), Johnson & Johnson (JNJ), AbbVie (ABBV), Pfizer (PFE) and CVS Health (CVS).

Who are KeyCorp's major shareholders?

KeyCorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.54%), Ontario Teachers Pension Plan Board (2.30%), Earnest Partners LLC (1.07%), Sei Investments Co. (0.33%), Westfield Capital Management Co. LP (0.29%) and National Bank of Canada FI (0.27%). Insiders that own company stock include Amy G Brady, Andrew J Paine III, Angela G Mago, Brian L Fishel, Carlton L Highsmith, Devina A Rankin, Douglas M Schosser, Jamie Warder, Kenneth C Gavrity, Richard J Hipple, Ruth Ann M Gillis, Trina M Evans and Victor B Alexander.
View institutional ownership trends
.

How do I buy shares of KeyCorp?

Shares of KEY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KEY) was last updated on 6/13/2024 by MarketBeat.com Staff

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