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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
NYSE:KEY

KeyCorp (KEY) Stock Price, News & Analysis

$14.39
-0.04 (-0.28%)
(As of 04/18/2024 ET)
Today's Range
$14.11
$14.81
50-Day Range
$13.54
$15.81
52-Week Range
$8.53
$15.86
Volume
32.08 million shs
Average Volume
10.53 million shs
Market Capitalization
$13.35 billion
P/E Ratio
16.17
Dividend Yield
5.70%
Price Target
$15.53

KeyCorp MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.9% Upside
$15.53 Price Target
Short Interest
Healthy
3.01% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.28
Upright™ Environmental Score
News Sentiment
0.71mentions of KeyCorp in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$303,914 Sold Last Quarter
Proj. Earnings Growth
40.17%
From $1.17 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.

4.67 out of 5 stars

Finance Sector

104th out of 822 stocks

National Commercial Banks Industry

17th out of 77 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

Robinhood’s Credit Card Has Call Option Buyers Coming in Hot
Robinhood stock could see higher prices ahead, as markets think its newest credit card product line can attract double-digit EPS growth in the coming quarters
Now Open: Crypto emergency update
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
KBW Sticks to Its Buy Rating for KeyCorp (KEY)
Now Open: Crypto emergency update
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
KeyCorp Q1 Income Drops, misses estimates
KeyCorp 1Q Revenue Drops on Consumer Bank Hit
Short Interest in KeyCorp (NYSE:KEY) Rises By 5.3%
KeyCorp earnings: here's what to expect
Keycorp hosts conference call for investors
KeyCorp (KEY) Scheduled to Post Quarterly Earnings on Thursday
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
Today
4/19/2024
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
$15.53
High Stock Price Target
$18.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+7.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
18 Analysts

Profitability

Net Income
$967 million
Pretax Margin
11.16%

Debt

Sales & Book Value

Annual Sales
$10.40 billion
Cash Flow
$1.55 per share
Book Value
$12.96 per share

Miscellaneous

Free Float
921,814,000
Market Cap
$13.35 billion
Optionable
Optionable
Beta
1.29

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KEY Stock Analysis - Frequently Asked Questions

Should I buy or sell KeyCorp stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last year. There are currently 6 hold ratings and 12 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?

18 Wall Street research analysts have issued 1 year price targets for KeyCorp's stock. Their KEY share price targets range from $11.00 to $18.00. On average, they anticipate the company's share price to reach $15.53 in the next year. This suggests a possible upside of 7.9% 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 shares have decreased by 0.1% and is now trading at $14.39.
View the best growth stocks for 2024 here
.

Are investors shorting KeyCorp?

KeyCorp saw a increase in short interest in March. As of March 31st, there was short interest totaling 28,000,000 shares, an increase of 5.3% from the March 15th total of 26,590,000 shares. Based on an average daily volume of 16,170,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.0% of the shares of the stock are sold short.
View KeyCorp's Short Interest
.

How were KeyCorp's earnings last quarter?

KeyCorp (NYSE:KEY) issued its quarterly earnings data on Thursday, April, 18th. The financial services provider reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $0.03. The financial services provider had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. KeyCorp had a trailing twelve-month return on equity of 10.63% and a net margin of 8.61%. KeyCorp's quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share.

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

KeyCorp announced a quarterly dividend on Wednesday, January 10th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $0.205 per share on Friday, March 15th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, February 26th.
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 5.77%. KEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 92.13%. 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 a variety of retail and institutional investors. Top institutional investors include CHURCHILL MANAGEMENT Corp (0.05%), IMC Chicago LLC (0.00%), Alaska Permanent Fund Corp (0.02%), Los Angeles Capital Management LLC (0.02%), Czech National Bank (0.02%) and Gateway Investment Advisers LLC (0.02%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KEY) was last updated on 4/19/2024 by MarketBeat.com Staff

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