Financial Performance
5Y price score: (17)
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 113.5%
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16.9
52-week range
24.0
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
3.6 %
Dividend Yield TTM
3.9 %
Market cap $
$ 22,780
Price / Earnings TTM
11.6
Price / Book TTM
1.2
PEG TTM
0
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
25.5 %
4.5 %
113.5 %
Free cash flow per share growth
(34.8) %
16.2 %
53.4 %
Earnings per share growth
24.4 %
19.7 %
44.8 %
Founded: 1,825
Employees: 16,989
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q3 (Oct 20, 2026)
1) Financial Performance Highlights
- Q3 2026 earnings per share were $0.51, a 24% increase YoY.
- Record quarterly revenue exceeded $2 billion, representing an 8% YoY growth.
- Pre-Provision Net Revenue (PPNR) grew by $60 million sequentially, with a return on tangible common equity exceeding 15%.
- Average total deposits increased by $3.6 billion, with interest-bearing deposit costs rising only three basis points.
- Net interest margin expanded by six basis points to 2.95%.
2) Strategic Focus and Operational Plans
- KeyCorp continues to emphasize a relationship-driven business model, which has proven effective in a competitive environment.
- Investment banking and debt placement fees rose 27% sequentially, driven by M&A and syndication activities.
- The bank is investing $1 billion in technology, focusing on embedding AI across various operational domains to enhance efficiency and client service.
- KeyCorp is pursuing tuck-in acquisitions but is not prioritizing traditional whole bank M&A.
3) Credit Quality and Loan Growth
- Asset quality remains strong, with a net charge-off ratio improving to 32 basis points and non-performing assets decreasing to 55 basis points.
- Commercial loan growth was robust, with C&I loans increasing 5% sequentially and line utilization rising to 33%, the highest in over three years.
- The bank is focused on maintaining disciplined underwriting standards and managing risks amid economic uncertainties.
4) Guidance and Outlook
- KeyCorp tightened its full-year net interest income growth outlook to approximately 10% and expects average loan growth of around 5%.
- The bank anticipates a net interest margin of approximately 3% in Q4 2026.
- Management remains optimistic about achieving a 15%+ return on tangible common equity by year-end 2027, with a long-term target of 16%-19%.
- There is confidence in funding loan growth with deposits, with expectations of continued deposit growth beyond the previously guided $3 billion.
5) Market Conditions and Risks
- The economic environment remains constructive, but there are uncertainties related to geopolitical factors and macroeconomic conditions.
- KeyCorp is actively managing risks and maintaining discipline in its operations.
- The transcript lacks specific details on competitive pressures and the impact of potential economic downturns on future performance.
Bottom line: KeyCorp's strong Q3 performance, driven by disciplined execution of its relationship-based strategy, positions the bank well for continued growth and resilience in a dynamic economic environment. Shareholders can expect ongoing momentum, supported by strategic investments and a focus on credit quality, although vigilance is required amid broader market uncertainties.
Annual Reports, Presentations And IR Contacts
Go to the websiteKeyCorp — Financial Overview, Stock Price, Market Cap
KeyCorp is a company. Founded in 1825. As of October 23, 2026, the company's market capitalization is $22780075232 with a current stock price of $21.11.