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S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
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S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
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3 Warren Buffett Stocks that are Moving into the Buy Zone
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AI Race Accelerates with Amazon's Investment In Anthropic
This Little Known Automaker May Save Your Life and Your Portfolio
NYSE:KEY

KeyCorp (KEY) Stock Forecast, Price & News

$10.43
-0.20 (-1.88%)
(As of 09/26/2023 ET)
Compare
Today's Range
$10.36
$10.74
50-Day Range
$10.44
$12.56
52-Week Range
$8.53
$20.30
Volume
15.00 million shs
Average Volume
12.71 million shs
Market Capitalization
$9.76 billion
P/E Ratio
6.95
Dividend Yield
7.86%
Price Target
$14.73

KeyCorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
41.3% Upside
$14.73 Price Target
Short Interest
Bearish
5.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.28
Upright™ Environmental Score
News Sentiment
0.69mentions of KeyCorp in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$114,900 Bought Last Quarter
Proj. Earnings Growth
5.51%
From $1.27 to $1.34 Per Share

Overall MarketRank

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

3.45 out of 5 stars

Finance Sector

5th out of 831 stocks

National Commercial Banks Industry

2nd out of 82 stocks


KEY stock logo

About KeyCorp (NYSE:KEY) Stock

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 Price History

KEY Stock News Headlines

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While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
KeyCorp Has to Match the Competition on This Key Rate
KeyCorp (NYSE:KEY) Upgraded to "Overweight" by Piper Sandler
Piper Sandler Upgrades Keycorp (KEY)
What 10 Analyst Ratings Have To Say About KeyCorp
See More Headlines
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KEY Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 9/15 Dividend
8/28/2023
Dividend Payable
9/15/2023
Today
9/27/2023
Next Earnings (Confirmed)
10/19/2023
Fiscal Year End
12/31/2023

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 Forecast
$14.73
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+41.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.92 billion
Pretax Margin
19.59%

Debt

Sales & Book Value

Annual Sales
$8.13 billion
Cash Flow
$2.03 per share
Book Value
$11.74 per share

Miscellaneous

Free Float
930,865,000
Market Cap
$9.76 billion
Optionable
Optionable
Beta
1.26

Social Links

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Key Executives

  • Mr. Christopher Marrott GormanMr. Christopher Marrott Gorman (Age 62)
    Chairman, Pres & CEO
    Comp: $3.25M
  • Ms. Amy G. BradyMs. Amy G. Brady (Age 56)
    Exec. VP & Chief Information Officer
    Comp: $1.69M
  • Mr. Andrew Jackson Paine IIIMr. Andrew Jackson Paine III (Age 53)
    Head of Institutional Bank
    Comp: $2.04M
  • Ms. Angela G. MagoMs. Angela G. Mago (Age 57)
    Head of Commercial Banking, Pres of Commercial Bank & Real Estate Capital
    Comp: $1.74M
  • Mr. Clark Harold Ibrahim Khayat J.D. (Age 51)
    Chief Admin. Officer & CFO
  • Mr. Douglas M. Schosser CPAMr. Douglas M. Schosser CPA (Age 53)
    Chief Accounting Officer & Exec. Officer
  • Mr. Vernon L. Patterson
    Exec. VP of Investor Relations
  • Mr. James L. Waters J.D. (Age 56)
    Gen. Counsel & Corp. Sec.
  • Ms. Susan E. Donlan
    Chief Communications Officer
  • Mr. Brian L. Fishel (Age 57)
    Chief HR Officer













KEY Stock - Frequently Asked Questions

Should I buy or sell KeyCorp stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

14 Wall Street analysts have issued 12 month target prices for KeyCorp's shares. Their KEY share price forecasts range from $10.00 to $20.00. On average, they anticipate the company's stock price to reach $14.73 in the next year. This suggests a possible upside of 41.3% 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 start of the year. Since then, KEY stock has decreased by 40.1% and is now trading at $10.43.
View the best growth stocks for 2023 here
.

Are investors shorting KeyCorp?

KeyCorp saw a increase in short interest in August. As of August 31st, there was short interest totaling 49,800,000 shares, an increase of 22.8% from the August 15th total of 40,540,000 shares. Based on an average trading volume of 17,360,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 5.3% of the company's shares 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, October 19th 2023.
View our KEY earnings forecast
.

How can I listen to KeyCorp's earnings call?

KeyCorp will be holding an earnings conference call on Thursday, October 19th at 10:00 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 quarterly earnings data on Thursday, July, 20th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by $0.05. The financial services provider had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.62 billion. KeyCorp had a net margin of 14.93% and a trailing twelve-month return on equity of 13.78%. KeyCorp's quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share.
Read the conference call transcript
.

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

KeyCorp declared a quarterly dividend on Tuesday, July 11th. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.205 per share on Friday, September 15th. This represents a $0.82 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend is Monday, August 28th.
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 7.73%. 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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 61.19% 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).

What is KeyCorp's stock symbol?

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

Who are KeyCorp's major shareholders?

KeyCorp's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.04%), State Street Corp (5.04%), Charles Schwab Investment Management Inc. (2.13%), Geode Capital Management LLC (2.10%), Wells Fargo & Company MN (1.53%) and Capital International Investors (1.50%). 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, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is KeyCorp's stock price today?

One share of KEY stock can currently be purchased for approximately $10.43.

How much money does KeyCorp make?

KeyCorp (NYSE:KEY) has a market capitalization of $9.76 billion and generates $8.13 billion in revenue each year. The financial services provider earns $1.92 billion in net income (profit) each year or $1.50 on an earnings per share basis.

How many employees does KeyCorp have?

The company employs 18,891 workers across the globe.

How can I contact KeyCorp?

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

This page (NYSE:KEY) was last updated on 9/27/2023 by MarketBeat.com Staff

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