KeyCorp
KEY
Market cap $19.4B

19.60 USD

+0.38

1.98%

At close Nov 22, 4:00 PM EST

After hours

19.62

+0.02

0.10%

1 day

1.98%

5 days

2.40%

1 month

14.15%

3 months

19.37%

6 months

30.41%

Year to date

34.15%

1 year

62.93%

5 years

1.77%

10 years

44.86%

About: With assets of over $180 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.

Employees: 16,805

Financials National Commercial Banks

0

Funds holding %

of 6,763 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

42% more call options, than puts

Call options by funds: $175M | Put options by funds: $124M

20% more capital invested

Capital invested by funds: $11.1B [Q2] → $13.3B (+$2.25B) [Q3]

1.66% more ownership

Funds ownership: 82.8% [Q2] → 84.46% (+1.66%) [Q3]

1% less funds holding

Funds holding: 773 [Q2] → 767 (-6) [Q3]

6% less first-time investments, than exits

New positions opened: 93 | Existing positions closed: 99

11% less repeat investments, than reductions

Existing positions increased: 260 | Existing positions reduced: 293

40% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$17

13%

downside

Avg. target

$18.90

4%

downside

High target

$22

12%

upside

10 analyst ratings

5 positive

50%

5 neutral

50%

0 negative

0%

Wells Fargo Mike Mayo 75% 1-year accuracy 21 / 28 met price target	12%upside $22	Overweight Maintained	15 Nov 2024
Citigroup Keith Horowitz 74% 1-year accuracy 14 / 19 met price target	3%downside $19	Neutral Downgraded	7 Nov 2024
UBS Erika Najarian 100% 1-year accuracy 11 / 11 met price target	8%downside $18	Neutral Maintained	23 Oct 2024
DA Davidson Peter Winter 93% 1-year accuracy 14 / 15 met price target	2%upside $20	Buy Maintained	21 Oct 2024
Barclays Jason Goldberg 78% 1-year accuracy 25 / 32 met price target	3%downside $19	Equal-Weight Maintained	18 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about KEY published over the past 30 days

KEYCORP TO PRESENT AT THE GOLDMAN SACHS FINANCIAL SERVICES CONFERENCE

CLEVELAND , Nov. 22, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will speak at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2024, at 11:20 a.m. ET in New York City.

KEYCORP TO PRESENT AT THE GOLDMAN SACHS FINANCIAL SERVICES CONFERENCE

KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

CLEVELAND , Nov. 21, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the fourth quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on December 13, 2024, to holders of record of such Common Shares as of the close of business on December 3, 2024; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 15, 2024.

KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

KeyCorp: Well Capitalized And Positioned For Growth In 2025

KeyCorp shares have surged 55% in the past year, driven by solid underwriting, an equity investment, and hopes for easier regulations. The Scotiabank equity stake deal allows KeyCorp to reposition its securities portfolio, boosting net interest income and EPS despite a 5% share dilution. KeyCorp's deposits are up 4% year-over-year, improving liquidity and reducing reliance on wholesale funding, with a strong loan-to-deposit ratio of 71%.

KeyCorp: Well Capitalized And Positioned For Growth In 2025

KEYBANK EXPANDS COMMERCIAL BANKING TEAMS IN CHICAGO AND SOUTHERN CALIFORNIA TO SERVE THE MIDDLE MARKET

CLEVELAND , Nov. 19, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced an expansion of its commercial banking business in Chicago and Southern California to serve more middle market clients with their differentiated platform – which includes a full range of commercial lending and capital markets capabilities as well as payments solutions designed specifically for the segment. "Chicago and Southern California are two of the largest concentrations of middle market businesses in the country, where our unique platform gives us a competitive advantage," said Ken Gavrity, president of Key Commercial Bank.

KEYBANK EXPANDS COMMERCIAL BANKING TEAMS IN CHICAGO AND SOUTHERN CALIFORNIA TO SERVE THE MIDDLE MARKET

As Small Business Owners Begin Post-Election Planning for 2025, KeyBank Poll Finds Taxes, Regulations and Trade Policies are Top of Mind

Poll also found many are preparing for growth, including hiring CLEVELAND , Nov. 14, 2024 /PRNewswire/ -- With the election now behind us, many business owners are planning for 2025. A recent KeyBank Small Business Flash Poll found 61% of respondents indicated they were likely to seek clarity and hold off on major business decisions until after the election, while only 12% said the election would have no impact on their 2025 planning.

As Small Business Owners Begin Post-Election Planning for 2025, KeyBank Poll Finds Taxes, Regulations and Trade Policies are Top of Mind

The Motley Fool

3 Top High-Yield Bank Stocks to Buy in November

The average bank yields 2.5%. This trio of banks all yield well north of that figure as November gets underway.

3 Top High-Yield Bank Stocks to Buy in November

Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'

Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview with Barron's, Steven Wieting, strategist at Citi Wealth, stated a growing dividend is a shareholder benefit and a hallmark of strong balance-sheets. “Nobody can fake a dividend,” he-said.

Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'

KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.75 PERCENT

CLEVELAND , Nov. 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 7.75 percent from 8.00 percent, effective tomorrow, Nov. 8, 2024. About KeyCorp KeyCorp's roots trace back nearly 200 years to Albany, New York.

KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.75 PERCENT

KEYCORP PRESENTATION AT THE BANCANALYSTS ASSOCIATION OF BOSTON CONFERENCE CANCELED

CLEVELAND , Nov. 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today the cancellation of its presentation and webcast at the BancAnalysts Association of Boston Conference, originally scheduled to take place tomorrow, November 8, 2024, at 10:35 a.m. ET, due to a contagious illness (walking pneumonia).

KEYCORP PRESENTATION AT THE BANCANALYSTS ASSOCIATION OF BOSTON CONFERENCE CANCELED

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