KeyCorp (KEY) AI Stock Analysis

• Market Cap: $18.98B
• Dividend Yield: 4.74%
• Average Volume (3M): 22.13M
• Price to Earnings (P/E): 21.3
• Beta (1Y): 1.45
• Revenue Growth: 3.97%
• EPS Growth: 5473.29%
• Country: US
• Employees: 16,989
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.41
• Shares Outstanding: 1,096,515,900
• 10 Day Avg. Volume: 14,388,323
• 30 Day Avg. Volume: 22,131,823
• 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: 1.77
• Enterprise Value/Revenue: 3.29
• Enterprise Value/Gross Profit: 5.76
• Enterprise Value/Ebitda: 26.68
• 1Y Price Target: $20.88
• Price Target Upside: 20.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $18.50 ▲(6.87% Upside)

KeyCorp's overall stock score is driven by strong earnings call performance and strategic growth initiatives, offset by weak technical indicators and valuation concerns. The company's robust revenue growth and cash flow recovery are positive, but profitability pressures and a negative P/E ratio weigh on the score. The attractive dividend yield provides some support.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective business strategies, positioning KeyCorp for sustained expansion.

Cash Flow Recovery

Robust cash flow recovery enhances financial flexibility, enabling KeyCorp to invest in growth opportunities and manage debt effectively.

Strong Capital Position

A strong capital position provides KeyCorp with the ability to absorb shocks, invest in growth, and return value to shareholders.

Negative Factors

Profitability Pressures

Low profitability margins suggest challenges in cost management and pricing power, potentially impacting long-term financial health.

Expense Growth

Rising expenses, particularly in personnel and technology, could pressure margins unless offset by revenue growth or efficiency gains.

Consumer Loan Runoff

The runoff of consumer loans may limit growth in the loan portfolio, affecting interest income and overall revenue potential.

KeyCorp Business Overview & Revenue Model

Company Description

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

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's financial statements present a mixed picture. The company demonstrates strong revenue growth and cash flow recovery, but profitability remains under pressure. The balance sheet shows a stable financial position with reduced leverage. While the company is on a positive trajectory in terms of revenue and cash flow, improving profitability will be crucial for sustaining long-term growth.

Income Statement

KeyCorp's income statement shows a mixed performance. The TTM data indicates a positive revenue growth rate of 77.9%, recovering from a decline in the previous year. However, profitability metrics such as net profit margin (1.91%) and EBIT margin (1.46%) are relatively low, indicating pressure on profitability. The gross profit margin remains stable at 49.82%, suggesting efficient cost management. Overall, while revenue growth is strong, profitability remains a concern.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 0.76 in the TTM period, indicating a reduction in leverage compared to previous years. Return on equity is low at 0.96%, suggesting limited profitability relative to equity. The equity ratio stands at 10.51%, showing a stable capital structure. Overall, the balance sheet indicates a stable but not overly strong financial position.

Cash Flow

Cash flow analysis reveals a strong recovery in free cash flow growth at 1412.75% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is 0.59, reflecting adequate cash flow relative to earnings. The free cash flow to net income ratio is high at 95.48%, suggesting efficient cash conversion. Overall, the cash flow statement shows robust cash generation and management.

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	2.77B	599.00M	2.76B	4.36B	1.09B	1.61B
Operating Cash Flow	2.82B	664.00M	2.90B	4.47B	1.15B	1.67B
Investing Cash Flow	3.21B	2.50B	1.42B	-10.93B	-15.07B	-24.72B
Financing Cash Flow	-5.54B	-2.36B	-4.27B	6.44B	13.74B	23.41B

KeyCorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.31
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KEY, the sentiment is Negative. The current price of 17.31 is below the 20-day moving average (MA) of 17.54, below the 50-day MA of 18.35, and above the 200-day MA of 16.82, indicating a neutral trend. The MACD of -0.23 indicates Negative momentum. The RSI at 41.12 is Neutral, neither overbought nor oversold. The STOCH value of 33.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KEY.

KeyCorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WTFC	79 Outperform	$8.55B	11.73	11.69%	1.51%	3.61%	13.93%
HBAN	77 Outperform	$24.01B	10.73	10.37%	3.91%	5.73%	38.39%
RF	76 Outperform	$21.55B	10.64	11.43%	4.20%	4.28%	28.54%
FITB	72 Outperform	$27.90B	12.60	11.52%	3.58%	-1.74%	11.62%
CFG	71 Outperform	$21.79B	14.23	6.71%	3.39%	-3.58%	40.62%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
KEY	64 Neutral	$18.98B	21.31	5.82%	4.74%	3.97%	5473.29%

KeyCorp Corporate Events

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.

KeyCorp’s Earnings Call: Strong Growth Amid Challenges

KeyCorp’s recent earnings call painted a largely positive picture, highlighting strong revenue growth and improved credit metrics. The company expressed confidence in its strategic goals, such as commercial loan growth and asset management, despite facing challenges like increased operating expenses and uncertainties requiring higher loan loss reserves. Overall, the sentiment was optimistic, with a focus on achieving full-year targets and leveraging growth opportunities.

KeyCorp Reports Strong Q2 2025 Financial Results

KeyCorp, headquartered in Cleveland, Ohio, is a prominent bank-based financial services company offering a wide range of financial products and services, including deposit, lending, cash management, and investment services across the United States. In its second quarter of 2025 earnings report, KeyCorp announced a net income of $387 million, translating to $0.35 per diluted common share, marking a significant improvement from the previous year. The company’s revenue reached $1.8 billion, a 21% increase year-over-year, driven by a 4% rise in net interest income and an 8 basis point increase in net interest margin. KeyCorp’s commercial loans saw a $3.3 billion increase year-to-date, while net charge-offs declined by 8% quarter-over-quarter, indicating improved credit quality. The company also reported a record $64 billion in assets under management and a high level of investment banking activity. Looking ahead, KeyCorp’s management remains optimistic about its growth prospects, emphasizing continued investments in technology and personnel to drive future expansion.