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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
US Dollar Replaced By "Biden Bucks"? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
US Dollar Replaced By "Biden Bucks"? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
US Dollar Replaced By "Biden Bucks"? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NYSE:KEY

KeyCorp - KEY Stock Forecast, Price & News

$18.11
-0.04 (-0.22%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$17.93
$18.21
50-Day Range
$16.63
$19.92
52-Week Range
$16.41
$27.17
Volume
5.42 million shs
Average Volume
9.90 million shs
Market Capitalization
$16.89 billion
P/E Ratio
7.94
Dividend Yield
4.30%
Price Target
$23.39

KeyCorp MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
29.2% Upside
$23.39 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.28
Upright™ Environmental Score
News Sentiment
0.26mentions of KeyCorp in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.62%
From $2.23 to $2.40 Per Share

Overall MarketRank

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

3.57 out of 5 stars

Finance Sector

4th out of 885 stocks

National Commercial Banks Industry

1st out of 84 stocks

KEY stock logo

About KeyCorp (NYSE:KEY) Stock

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

KeyCorp Stock Performance

Shares of KEY Stock traded down $0.04 during mid-day trading on Tuesday, reaching $18.11. The stock had a trading volume of 5,415,182 shares, compared to its average volume of 9,900,109. The firm's 50 day simple moving average is $17.91 and its 200 day simple moving average is $20.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.33. KeyCorp has a one year low of $16.41 and a one year high of $27.17. The firm has a market cap of $16.89 billion, a PE ratio of 7.94, a P/E/G ratio of 0.44 and a beta of 1.32.

KeyCorp (NYSE:KEY - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. KeyCorp had a return on equity of 15.01% and a net margin of 28.53%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the company earned $0.72 EPS. The company's quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts forecast that KeyCorp will post 2.23 EPS for the current year.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 30th will be given a dividend of $0.195 per share. The ex-dividend date is Monday, August 29th. This represents a $0.78 annualized dividend and a dividend yield of 4.31%. KeyCorp's dividend payout ratio (DPR) is presently 34.21%.

Wall Street Analyst Weigh In

KEY has been the topic of several research reports. Jefferies Financial Group dropped their target price on KeyCorp from $23.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, July 11th. JPMorgan Chase & Co. lowered their price objective on KeyCorp from $25.00 to $20.50 and set a "neutral" rating on the stock in a report on Friday, July 1st. Citigroup lowered their price objective on KeyCorp from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, July 12th. Morgan Stanley increased their price objective on KeyCorp from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, July 22nd. Finally, Wells Fargo & Company lowered their price objective on KeyCorp from $27.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, KeyCorp has an average rating of "Hold" and an average target price of $23.39.

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KEY Stock News Headlines

TheStreet Lowers KeyCorp (NYSE:KEY) to C+
KEYCORP RAISES ITS PRIME LENDING RATE TO 5.5 PERCENT
Barclays Lowers KeyCorp (NYSE:KEY) Price Target to $24.00
Wedbush Raises KeyCorp (NYSE:KEY) Price Target to $21.00
See More Headlines
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KEY Company Calendar

Ex-Dividend for 6/15 Dividend
5/27/2022
Dividend Payable
6/15/2022
Last Earnings
7/21/2022
Today
8/09/2022
Ex-Dividend for 9/15 Dividend
8/29/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
49326710
Employees
17,654
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$23.39
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+29.2%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

Net Income
$2.63 billion
Pretax Margin
36.84%

Debt

Sales & Book Value

Annual Sales
$7.56 billion
Cash Flow
$2.85 per share
Book Value
$16.67 per share

Miscellaneous

Free Float
927,436,000
Market Cap
$16.89 billion
Optionable
Optionable
Beta
1.32

Social Links















KEY Stock - Frequently Asked Questions

Should I buy or sell KeyCorp stock right now?

15 Wall Street equities 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 equities research analysts is that investors should "hold" KEY shares. 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.
View KEY analyst ratings
or view top-rated stocks.

What is KeyCorp's stock price forecast for 2022?

15 Wall Street analysts have issued twelve-month price targets for KeyCorp's stock. Their KEY share price forecasts range from $17.00 to $34.00. On average, they anticipate the company's share price to reach $23.39 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
View analysts price targets for KEY
or view top-rated stocks among Wall Street analysts.

How has KeyCorp's stock performed in 2022?

KeyCorp's stock was trading at $23.13 at the beginning of the year. Since then, KEY stock has decreased by 21.7% and is now trading at $18.11.
View the best growth stocks for 2022 here
.

When is KeyCorp's next earnings date?

KeyCorp is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our KEY earnings forecast
.

How were KeyCorp's earnings last quarter?

KeyCorp (NYSE:KEY) posted its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.02. The financial services provider had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. KeyCorp had a net margin of 28.53% and a trailing twelve-month return on equity of 15.01%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS.
Read the conference call transcript
.

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

KeyCorp declared a quarterly dividend on Wednesday, July 6th. Investors of record on Tuesday, August 30th will be paid a dividend of $0.195 per share on Thursday, September 15th. This represents a $0.78 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Monday, August 29th.
Read our dividend analysis for KEY
.

Is KeyCorp a good dividend stock?

KeyCorp (NYSE:KEY) pays an annual dividend of $0.78 per share and currently has a dividend yield of 4.30%. 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 34.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 32.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KEY.

How will KeyCorp's stock buyback program work?

KeyCorp declared that its board has initiated a share buyback program on Thursday, January 21st 2021, which authorizes the company to repurchase $900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its stock is undervalued.

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 a variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (0.56%), Hamlin Capital Management LLC (0.56%), LGT Capital Partners LTD. (0.47%), Envestnet Asset Management Inc. (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.31%) and Pzena Investment Management LLC (0.30%). Insiders that own company stock include Amy G Brady, Amy G Brady, Andrew J Paine III, Angela G Mago, Beth E Mooney, Brian L Fishel, Carlton L Highsmith, Christopher M Gorman, Douglas M Schosser, Jamie Warder, Kenneth C Gavrity, Kevin Thomas Ryan, Mark W Midkiff, Paul N Harris, Ruth Ann M Gillis and Trina M Evans.
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 $18.11.

How much money does KeyCorp make?

KeyCorp (NYSE:KEY) has a market capitalization of $16.89 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 $2.28 on an earnings per share basis.

How many employees does KeyCorp have?

KeyCorp employs 17,654 workers across the globe.

When was KeyCorp founded?

KeyCorp was founded in 1994.

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 8/10/2022 by MarketBeat.com Staff

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