KeyCorp Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" KeyCorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KEY, but not buy additional shares or sell existing shares.
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15 analysts have issued 1 year price objectives for KeyCorp's stock. Their KEY stock forecasts range from $17.00 to $34.00. On average, they predict KeyCorp's stock price to reach $23.89 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
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KeyCorp's stock was trading at $23.13 at the beginning of the year. Since then, KEY shares have decreased by 25.2% and is now trading at $17.29.
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KeyCorp saw a decline in short interest in June. As of June 15th, there was short interest totaling 17,930,000 shares, a decline of 16.5% from the May 31st total of 21,480,000 shares. Based on an average trading volume of 10,420,000 shares, the short-interest ratio is presently 1.7 days.
View KeyCorp's Short Interest.

KeyCorp is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
View our earnings forecast for KeyCorp.

KeyCorp will be holding an earnings conference call on Thursday, July 21st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

KeyCorp (NYSE:KEY) announced its quarterly earnings results on Thursday, April, 21st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by $0.03. The financial services provider earned $1.70 billion during the quarter, compared to analysts' expectations of $1.74 billion. KeyCorp had a net margin of 31.30% and a trailing twelve-month return on equity of 15.42%. The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS.
View KeyCorp's earnings history.

KeyCorp declared a quarterly dividend on Thursday, May 12th. Stockholders of record on Tuesday, May 31st will be given a dividend of $0.195 per share on Wednesday, June 15th. This represents a $0.78 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, May 27th.
View KeyCorp's dividend history.

KeyCorp(NYSE:KEY) pays an annual dividend of $0.78 per share and currently has a dividend yield of 4.46%. KEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. KeyCorp has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of KeyCorp is 31.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KeyCorp will have a dividend payout ratio of 31.97% next year. This indicates that KeyCorp will be able to sustain or increase its dividend.
View KeyCorp's dividend history.

KeyCorp declared that its board has authorized a share buyback plan on Thursday, January 21st 2021, which permits the company to repurchase $900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

70 employees have rated KeyCorp CEO Chris Gorman on Glassdoor.com. Chris Gorman has an approval rating of 85% among KeyCorp's employees.

Some companies that are related to KeyCorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
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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).

KeyCorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "KEY."

Shares of KEY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KEY stock can currently be purchased for approximately $17.29.

KeyCorp (NYSE:KEY) has a market capitalization of $16.12 billion and generates $7.56 billion in revenue each year. The financial services provider earns $2.63 billion in net income (profit) each year or $2.469990 on an earnings per share basis.

KeyCorp employs 17,654 workers across the globe.

KeyCorp was founded in 1994.

KeyCorp's mailing address is 127 PUBLIC SQ, CLEVELAND OH, 44114. The official website for KeyCorp is www.key.com. The financial services provider can be reached via phone at (216) 689-3000, via email at [email protected], or via fax at 216-689-0519.