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KeyCorp Stock Price, News & Analysis (NYSE:KEY)

$13.11
+0.15 (+1.16%)
(As of 12/7/2023 ET)
Compare
Today's Range
$12.95
$13.30
50-Day Range
$9.81
$13.45
52-Week Range
$8.53
$20.30
Volume
13.58 million shs
Average Volume
18.93 million shs
Market Capitalization
$12.27 billion
P/E Ratio
10.57
Dividend Yield
6.25%
Price Target
$13.97

KeyCorp MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
6.6% Upside
$13.97 Price Target
Short Interest
Healthy
4.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.28
Upright™ Environmental Score
News Sentiment
0.64mentions of KeyCorp in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.69%
From $1.23 to $1.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Finance Sector

56th out of 695 stocks

National Commercial Banks Industry

10th out of 68 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

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Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
KeyCorp Has 4 PFDs To Pick From
KeyCorp's (KEY) Equal Weight Rating Reaffirmed at Stephens
Morgan Stanley Increases KeyCorp (NYSE:KEY) Price Target to $12.00
What 5 Analyst Ratings Have To Say About KeyCorp
KeyBank to Sponsor Homebuying Workshop in Cincinnati
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/28/2023
Dividend Payable
9/15/2023
Last Earnings
10/19/2023
Ex-Dividend for 12/15 Dividend
11/27/2023
Today
12/07/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Confirmed)
1/18/2024

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
49326710
Employees
18,891
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$13.97
High Stock Price Target
$20.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$1.92 billion
Pretax Margin
15.57%

Debt

Sales & Book Value

Annual Sales
$6.55 billion
Cash Flow
$2.05 per share
Book Value
$11.74 per share

Miscellaneous

Free Float
931,204,000
Market Cap
$12.27 billion
Optionable
Optionable
Beta
1.32

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KEY Stock Analysis - Frequently Asked Questions

Should I buy or sell KeyCorp stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last year. There are currently 6 hold ratings and 10 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?

16 equities research analysts have issued 1 year price targets for KeyCorp's stock. Their KEY share price targets range from $10.00 to $20.00. On average, they predict the company's stock price to reach $13.97 in the next year. This suggests a possible upside of 6.6% 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 2023?

KeyCorp's stock was trading at $17.42 at the beginning of 2023. Since then, KEY shares have decreased by 24.7% and is now trading at $13.11.
View the best growth stocks for 2023 here
.

Are investors shorting KeyCorp?

KeyCorp saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 40,440,000 shares, a decrease of 16.4% from the October 31st total of 48,390,000 shares. Based on an average daily trading volume, of 14,330,000 shares, the short-interest ratio is currently 2.8 days. Approximately 4.3% of the shares of the stock are short sold.
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, January 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, January 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) issued its earnings results on Thursday, October, 19th. The financial services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The financial services provider had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $1.55 billion. KeyCorp had a trailing twelve-month return on equity of 11.64% and a net margin of 11.74%. During the same period in the previous year, the firm posted $0.55 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, November 16th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.205 per share on Friday, December 15th. This represents a $0.82 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Monday, November 27th.
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 6.20%. KEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 63.08% 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 Fuller & Thaler Asset Management Inc. (3.45%), FMR LLC (3.39%), Ontario Teachers Pension Plan Board (2.73%), Charles Schwab Investment Management Inc. (2.47%), Invesco Ltd. (1.91%) and Morgan Stanley (1.53%). Insiders that own company stock include Amy G Brady, Andrew J Paine III, Angela G Mago, Brian L Fishel, Carlton L Highsmith, Christopher M Gorman, Devina A Rankin, Douglas M Schosser, Jamie Warder, Kenneth C Gavrity, Mark W Midkiff, Richard J Hipple, Ruth Ann M Gillis 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:KEY) was last updated on 12/7/2023 by MarketBeat.com Staff

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