Keycorp (GB:0JQR)
LSE:0JQR
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Earnings Data
Report Date
Jul 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.43Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial momentum: strong earnings (EPS +33% YoY), healthy revenue and NII trends, consistent commercial loan growth, record investment banking fees for the quarter, disciplined capital returns (accelerated buybacks) and a favorable preliminary view of Basel III endgame relief. Offsetting items were manageable: seasonal deposit outflows and intentional brokered CD runoff, a modest uptick in NPAs from two idiosyncratic credits, an incremental qualitative reserve build due to macro uncertainty, and guidance that investment banking fees may normalize in Q2. Management reiterated conservative guidance assumptions and emphasized continued investments in technology and talent while maintaining solid capital and liquidity positions.Company Guidance
Strong Earnings Per Share Growth
Reported EPS of $0.44, up 33% year over year, reflecting improved profitability and operating leverage.
Revenue and Fee Growth
Total revenue grew 10% year over year; noninterest income increased 8% YoY while priority fee businesses (Wealth, investment banking, commercial payments) collectively grew 12% YoY.
Improving Net Interest Income and Margin
Taxable-equivalent NII increased 11% YoY and 1% sequentially despite two fewer days; net interest margin expanded 5 basis points sequentially to 2.87% and management now targets ~3.05% exit NIM with full-year NII growth guidance raised to 9%–10% (from 8%–10%).
Commercial Loan Growth and Healthy Pipelines
Commercial loan growth was broad-based: commercial loans increased $3.3 billion (4% sequential on a period-end basis); average loans were up $1.4 billion sequentially and $2.6 billion period-end; commercial loan pipeline up ~20% from year end with average commercial loans guidance raised to +6%–8% for 2026.
Capital Deployment and Share Repurchases
Repurchased nearly $400 million of common stock during the quarter (above prior $300M+ commitment) and announced plans to repurchase at least $1.3 billion of shares in 2026 (up from $1.2B previously guided).
Capital Ratios and Potential Basel III Benefit
Reported CET1 ratio 11.4% (marked CET1 10.0%); preliminary estimate of Basel III endgame proposal would deliver ~100+ basis points improvement to marked CET1 (implying fully phased marked CET1 around ~11%).
Sustained Pre-Provision Net Revenue Growth
Adjusted pre-provision net revenue (PPNR) grew an additional $29 million sequentially — the eighth consecutive quarter of adjusted PPNR growth — and expenses grew more slowly than revenue (expenses +4% YoY vs revenue +10% YoY).
Credit Metrics and Reserves
Net charge-offs annualized at 38 basis points with NCOs of $101 million (down 3% sequentially); loan loss provision was $106 million including a modest $5 million qualitative reserve build to account for macro uncertainty; tangible book value per share increased 10% YoY.
Investment Banking Record Quarter and Pipelines
Investment banking and debt placement fees were a first-quarter record at $197 million, up 13% YoY; pipelines remain elevated (up ~5% from year end) and M&A pipelines at record levels despite anticipated Q2 normalization.
Wealth & Client Growth
Net flows added ~57,000 households and $7.4 billion of client assets as of March 31; mass-affluent opportunity expanded to ~1.15 million customers with <10% penetration, indicating a large addressable market.
GB:0JQR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0JQR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2026 | $21.83 | $21.78 | -0.22% |
Jan 20, 2026 | $21.01 | $20.72 | -1.39% |
Oct 16, 2025 | $17.33 | $16.33 | -5.76% |
Jul 22, 2025 | $17.95 | $18.00 | +0.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Keycorp (GB:0JQR) report earnings?
Keycorp (GB:0JQR) is schdueled to report earning on Jul 21, 2026, Before Open (Confirmed).
What is Keycorp (GB:0JQR) earnings time?
Keycorp (GB:0JQR) earnings time is at Jul 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Keycorp stock?
The P/E ratio of KeyCorp is N/A.
What is GB:0JQR EPS forecast?
GB:0JQR EPS forecast for the fiscal quarter 2026 (Q2) is 0.43.
