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KeyCorp announces board changes and stronger quarterly results

Story Highlights
  • KeyCorp reshaped its board in January 2026, adding seasoned executives and a new lead independent director.
  • KeyCorp’s fourth-quarter 2025 results showed record revenue, stronger earnings, improved credit quality, and rising capital returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
KeyCorp announces board changes and stronger quarterly results

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KeyCorp ( (KEY) ) has provided an announcement.

On January 15, 2026, KeyCorp directors Ruth Ann Gillis and Carlton Highsmith notified the board that they will retire at the end of their terms at the 2026 annual shareholder meeting, prompting the board’s January 20, 2026 decision to nominate former BlackRock executive Antonio “Tony” DeSpirito and former Truist executive Christopher L. “Chris” Henson as new independent directors, while appointing Todd Vasos as lead independent director to succeed Alexander M. “Sandy” Cutler. These board changes are intended to support the next phase of value creation, adding deep asset management and banking experience while keeping the board at 14 members. Also on January 20, 2026, KeyCorp reported fourth-quarter 2025 net income from continuing operations attributable to common shareholders of $474 million, or $0.43 per diluted share, up from $454 million in the prior quarter and reversing a loss in the year-ago period, driven by record full-year revenue of $7.5 billion, higher net interest income and margin, improved credit quality, and robust fee businesses, including record assets under management of $70 billion and near-record investment banking and debt placement fees. The bank, which repurchased $200 million of common shares in the quarter while maintaining a Common Equity Tier 1 ratio of 11.7%, highlighted strong operating leverage, substantial growth in tangible book value, and sustained momentum as it targets mid-to-high teens returns on tangible common equity and signals capacity for increased capital returns to shareholders.

The most recent analyst rating on (KEY) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on KeyCorp stock, see the KEY Stock Forecast page.

Spark’s Take on KEY Stock

According to Spark, TipRanks’ AI Analyst, KEY is a Neutral.

KeyCorp’s overall stock score of 69 reflects a strong recovery in financial performance, with improved revenue growth and profitability. The earnings call highlighted strategic growth and a robust capital position, although challenges in expense management and consumer loan growth remain. Technical analysis suggests bullish momentum, but the stock appears overbought. Valuation concerns persist due to a high P/E ratio, though the dividend yield offers some compensation.

To see Spark’s full report on KEY stock, click here.

More about KeyCorp

KeyCorp, headquartered in Cleveland and listed on the NYSE under the symbol KEY, operates as a U.S. regional banking institution offering a broad range of financial services, including commercial and consumer banking, wealth management, and investment banking. The company focuses on generating organic growth through strategic investments in frontline bankers and technology, maintaining strong capital ratios while returning capital to shareholders through dividends and share repurchases.

Average Trading Volume: 16,210,151

Technical Sentiment Signal: Buy

Current Market Cap: $22.99B

See more insights into KEY stock on TipRanks’ Stock Analysis page.

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