KeyCorp
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 8 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: $176M | Put options by funds: $124M
20% more capital invested
Capital invested by funds: $11.1B [Q2] → $13.4B (+$2.27B) [Q3]
13% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 84
1.75% more ownership
Funds ownership: 83.14% [Q2] → 84.89% (+1.75%) [Q3]
0% more funds holding
Funds holding: 773 [Q2] → 776 (+3) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 297
40% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
2%
upside
Avg. target
$21
18%
upside
High target
$23
30%
upside
8 analyst ratings
4 positive
50%
4 neutral
50%
0 negative
0%
Truist Securities Brian Foran 75% 1-year accuracy 6 / 8 met price target | 8%upside $19 | Hold Initiated | 7 Jan 2025 |
Barclays Jason Goldberg 69% 1-year accuracy 37 / 54 met price target | 19%upside $21 | Equal-Weight Maintained | 6 Jan 2025 |
Keefe, Bruyette & Woods David Konrad 79% 1-year accuracy 23 / 29 met price target | 25%upside $22 | Outperform Maintained | 4 Dec 2024 |
Piper Sandler Scott Siefers 67% 1-year accuracy 18 / 27 met price target | 25%upside $22 | Overweight Maintained | 3 Dec 2024 |
Goldman Sachs Ryan Nash 56% 1-year accuracy 14 / 25 met price target | 30%upside $23 | Buy Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 22 articles about KEY published over the past 30 days
Positive
PYMNTS
8 hours ago
KeyCorp Eyes Embedded Banking Expansion as Deposits Climb in Q4
In its fourth-quarter results released Tuesday (Jan. 21), financial institution KeyCorp, noted growth in its deposits. Management stated on a conference call with analysts that growth opportunities lie within embedded banking offerings.
Neutral
Seeking Alpha
10 hours ago
KeyCorp (KEY) Q4 2024 Earnings Call Transcript
KeyCorp (NYSE:KEY ) Q4 2024 Earnings Call Transcript January 21, 2025 8:00 AM ET Company Participants Brian Mauney - Director of IR Chris Gorman - Chairman and CEO Clark Khayat - CFO Conference Call Participants John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Merrill Lynch Bill Carcache - Wolfe Research Manan Gosalia - Morgan Stanley Matthew O'Connor - Deutsche Bank Mike Mayo - Wells Fargo Erika Najarian - UBS Brian Foran - Truist Thomas Leddy - RBC Operator Good morning, and welcome to KeyCorp's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Zacks Investment Research
11 hours ago
KeyCorp's Q4 Earnings Beat on NII, Stock Dips on Weak Asset Quality
KEY's fourth-quarter results top estimates on higher NII & adjusted non-interest income alongside lower costs and provisions. Yet, weak asset quality is a woe.
Neutral
Zacks Investment Research
12 hours ago
Compared to Estimates, KeyCorp (KEY) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for KeyCorp (KEY) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
14 hours ago
KeyCorp (KEY) Q4 Earnings and Revenues Top Estimates
KeyCorp (KEY) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.25 per share a year ago.
Neutral
PRNewsWire
16 hours ago
KEYCORP REPORTS FOURTH QUARTER 2024 NET LOSS OF $(279) MILLION, OR $(.28) PER DILUTED COMMON SHARE, AND ADJUSTED NET INCOME OF $378 MILLION, OR $.38 PER DILUTED COMMON SHARE(a)
Revenue of $865 million; Adjusted for selected items(a), revenue up 16% year-over-year Net interest income up 10% linked quarter Momentum across investment banking, payments, and wealth management fees up 27% year-over-year Common Equity Tier 1 ratio increased 120 basis points quarter-over-quarter to 12%(b) CLEVELAND , Jan. 21, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced a net loss from continuing operations attributable to Key common shareholders of $(279) million, or $(.28) per diluted common share, or adjusted net income of $378 million or $.38 per diluted common share(a), for the fourth quarter of 2024. Included in the fourth quarter of 2024 are $(657) million, or $(.66) per diluted common share, after-tax, of charges related to the loss on the sale of securities(c).
Negative
Zacks Investment Research
4 days ago
Fee Income & NII to Aid KeyCorp's Q4 Earnings, High Provisions to Hurt
Fee income and NII growth are likely to have aided KEY's fourth-quarter 2024 earnings, while a rise in provisions and elevated expenses are likely to have hurt.
Neutral
Benzinga
4 days ago
KeyCorp Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
KeyCorp KEY will release earnings results for its fourth quarter, before the opening bell on Tuesday, Jan. 21, 2025.
Neutral
PRNewsWire
5 days ago
KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS; SETS ANNUAL MEETING DATE
CLEVELAND , Jan. 16, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2025: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on March 14, 2025, to holders of record of such Common Shares as of the close of business on March 4, 2025; 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 March 17, 2025 to holders of record as of the close of business on March 3, 2025, for the period commencing on (and including) December 15, 2024 to (but excluding) March 15, 2025; 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 March 17, 2025 to holders of record as of the close of business on March 3, 2025, for the period commencing on (and including) December 15, 2024 to (but excluding) March 15, 2025; 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 March 17, 2025 to holders of record as of the close of business on March 3, 2025, for the period commencing on (and including) December 15, 2024 to (but excluding) March 15, 2025; 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 March 17, 2025 to holders of record as of the close of business on March 3, 2025, for the period commencing on (and including) December 15, 2024 to (but excluding) March 15, 2025; 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 March 17, 2025 to holders of record as of the close of business on March 3, 2025, for the period commencing on (and including) December 15, 2024 to (but excluding) March 15, 2025.
Positive
Zacks Investment Research
6 days ago
Seeking Clues to KeyCorp (KEY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for KeyCorp (KEY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
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