KeyCorp (KEY) AI Stock Analysis

• Market Cap: $20.11B
• Dividend Yield: 4.6%
• Average Volume (3M): 18.98M
• Price to Earnings (P/E): 22.7
• Beta (1Y): 1.30
• Revenue Growth: 3.86%
• EPS Growth: 5473.29%
• Country: US
• Employees: 16,989
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.41
• Shares Outstanding: 1,092,919,600
• 10 Day Avg. Volume: 18,940,673
• 30 Day Avg. Volume: 18,975,889
• PEG Ratio: 0.74
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 1.80
• P/FCF Ratio: 27.17
• Enterprise Value/Market Cap: 1.67
• Enterprise Value/Revenue: 3.29
• Enterprise Value/Gross Profit: 5.76
• Enterprise Value/Ebitda: 26.68
• 1Y Price Target: $20.88
• Price Target Upside: 13.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 1.47
• Revenue Forecast (FY): $7.43B

• Rating: 69 Neutral
• Price Target: $20.00 ▲(8.70% Upside)

KeyCorp's overall stock score is driven by strong financial performance and positive earnings call insights, highlighting revenue growth and strategic initiatives. However, the high P/E ratio and technical indicators suggest caution, with potential volatility and valuation concerns. The robust dividend yield and capital position provide some balance to these risks.

Positive Factors

Revenue Growth

KeyCorp's strong revenue growth indicates effective business strategies and product offerings, enhancing its market position and long-term financial health.

Capital Position

A robust capital position provides KeyCorp with flexibility for future growth initiatives and resilience against economic uncertainties.

Cash Generation

Improved cash generation enhances KeyCorp's ability to invest in growth opportunities and manage financial obligations, supporting long-term stability.

Negative Factors

Expense Management

Rising expenses can pressure profit margins and impact operational efficiency, potentially hindering long-term profitability.

Consumer Loan Growth

A reduction in consumer loans may limit growth in this segment, affecting KeyCorp's ability to expand its customer base and revenue streams.

Operational Efficiency

Low operational efficiency margins suggest room for improvement in cost management and resource utilization, impacting long-term competitiveness.

KeyCorp Business Overview & Revenue Model

Company Description

KeyCorp (KEY) is a bank holding company headquartered in Cleveland, Ohio, providing a wide range of financial services through its subsidiary, KeyBank. The company operates primarily in the commercial banking sector, offering services such as personal banking, small business banking, corporate banking, investment management, and wealth management. KeyCorp serves clients across various sectors, including individuals, businesses, and institutions, with a focus on delivering tailored financial solutions and enhancing customer experiences.

How the Company Makes Money

KeyCorp generates revenue through multiple streams, primarily from net interest income and non-interest income. Net interest income is derived from the difference between the interest earned on loans and securities and the interest paid on deposits and other borrowings. The company offers various loan products, including personal loans, mortgages, and commercial loans, which constitute a significant portion of its revenue. Additionally, KeyCorp earns non-interest income through fees for services such as wealth management, investment banking, and deposit account services. KeyCorp also engages in mortgage banking and capital markets activities, contributing to its earnings. Strategic partnerships with fintech companies and other financial institutions enhance its product offerings and customer reach, further driving revenue growth.

KeyCorp Financial Statement Overview

Summary

KeyCorp demonstrates a strong recovery trajectory with improved revenue growth and profitability margins in the TTM period. The balance sheet shows reduced leverage, enhancing financial stability, while cash flow generation has significantly improved. Despite these positive trends, there are areas for improvement in operational efficiency and cash flow management.

Income Statement

KeyCorp's income statement shows a strong recovery with a TTM revenue growth rate of 10.48% and improved margins compared to the previous year. The gross profit margin is healthy at 57.17%, and the net profit margin has improved to 10.54% from a negative margin in 2024. However, the EBIT and EBITDA margins are still relatively low, indicating room for operational efficiency improvements.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.61 in the TTM period, showing a significant improvement from previous years. The return on equity is modest at 5.60%, indicating average profitability. The equity ratio is not provided, but the overall leverage has decreased, enhancing financial stability.

Cash Flow

Cash flow analysis reveals a substantial free cash flow growth of 76.93% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is low at 0.0185, suggesting potential cash flow management issues. However, the free cash flow to net income ratio is strong at 0.98, reflecting efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.20B	9.05B	10.23B	7.91B	7.33B	7.14B
Gross Profit	5.83B	4.06B	5.73B	6.52B	7.46B	5.47B
EBITDA	1.26B	-233.00M	1.31B	2.50B	3.29B	1.67B
Net Income	1.07B	-161.00M	967.00M	1.92B	2.63B	1.34B
Balance Sheet
Total Assets	187.41B	187.17B	188.28B	189.81B	186.35B	170.34B
Cash, Cash Equivalents and Short-Term Investments	16.24B	22.51B	48.94B	42.44B	57.29B	44.84B
Total Debt	12.27B	14.25B	22.64B	28.77B	12.80B	14.69B
Total Liabilities	167.31B	168.99B	173.64B	176.36B	168.92B	152.35B
Stockholders Equity	20.10B	18.18B	14.64B	13.45B	17.42B	17.98B
Cash Flow
Free Cash Flow	3.13B	599.00M	2.76B	4.36B	1.09B	1.61B
Operating Cash Flow	3.22B	664.00M	2.90B	4.47B	1.15B	1.67B
Investing Cash Flow	2.01B	2.50B	1.42B	-10.93B	-15.07B	-24.72B
Financing Cash Flow	-4.56B	-2.36B	-4.27B	6.44B	13.74B	23.41B

KeyCorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KEY, the sentiment is Positive. The current price of 18.4 is above the 20-day moving average (MA) of 17.69, above the 50-day MA of 17.94, and above the 200-day MA of 16.87, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 61.70 is Neutral, neither overbought nor oversold. The STOCH value of 82.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KEY.

KeyCorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WTFC	78 Outperform	$9.14B	12.54	11.69%	1.48%	3.58%	13.93%
HBAN	77 Outperform	$25.44B	11.37	10.37%	3.91%	5.73%	38.39%
CFG	77 Outperform	$23.18B	15.15	6.71%	3.19%	-3.93%	40.62%
RF	76 Outperform	$22.32B	11.20	11.43%	3.99%	4.00%	28.54%
FITB	72 Outperform	$28.61B	12.94	11.52%	3.48%	0.15%	11.62%
KEY	69 Neutral	$20.11B	22.71	5.82%	4.60%	3.86%	5473.29%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

KeyCorp Corporate Events

KeyCorp to Present at Boston Conference on Nov 6

KeyCorp announced its participation in the BancAnalysts Association of Boston Conference on November 6, 2025, where it will review its performance, strategy, and outlook. The company highlights its robust consumer banking foundation, with significant growth in relationship households and assets under management, emphasizing a relationship-driven strategy that has led to improved client satisfaction and financial performance.

The most recent analyst rating on (KEY) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on KeyCorp stock, see the KEY Stock Forecast page.

KeyCorp Reports Strong Third Quarter 2025 Results

KeyCorp, a major financial services company based in Cleveland, Ohio, operates in the banking sector, providing a range of services including deposit, lending, and investment services across 15 states. In its third-quarter 2025 earnings report, KeyCorp announced a net income of $454 million, or $0.41 per diluted share, marking a significant turnaround from a net loss in the same quarter last year. The company’s revenue rose to $1.9 billion, a 17% increase year-over-year, driven by growth in net interest income and noninterest income.

KeyCorp Earnings Call: Strong Growth Amid Challenges

KeyCorp’s recent earnings call painted a picture of strong financial performance and strategic growth, despite facing some challenges. The company reported impressive revenue growth and improvements in asset quality, while maintaining a robust capital position. However, challenges in expense management and slower growth in certain segments were also highlighted.

KeyCorp Highlights Strategic Initiatives in Investor Presentation

On September 26, 2025, KeyCorp released an investor presentation highlighting its strategic initiatives and financial performance. The company emphasized its strong foundation, including a sticky deposit base and leading capital positions, as well as its focus on growth through targeted scale and investments in technology and talent. KeyCorp reported significant achievements, such as a record year for investment banking fees in 2021 and a credit ratings upgrade from Fitch. The company is positioned for future growth with a disciplined balance sheet strategy and a focus on high-quality, low-cost deposits.

The most recent analyst rating on (KEY) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on KeyCorp stock, see the KEY Stock Forecast page.