KeyCorp Registers Shares Issued to Bank of Nova Scotia

KeyCorp ( (KEY) ) just unveiled an update.

On December 23, 2025, KeyCorp filed a prospectus supplement with the U.S. Securities and Exchange Commission to register 161,968,762 common shares that had been issued to The Bank of Nova Scotia under an investment agreement dated August 12, 2024. The filing, which satisfied KeyCorp’s contractual obligation to complete this step by December 27, 2025, also included a related legal opinion, formalizing the regulatory treatment of the shares and advancing the implementation of the previously announced investment arrangement with The Bank of Nova Scotia.

The most recent analyst rating on (KEY) stock is a Hold with a $22.00 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 is a U.S.-based financial services company operating in the banking industry, with its primary business focused on providing commercial and consumer banking products, including lending, deposit services, and related financial solutions to a broad customer base.

Average Trading Volume: 20,115,886

Technical Sentiment Signal: Buy

Current Market Cap: $22.93B

Learn more about KEY stock on TipRanks’ Stock Analysis page.