KeyCorp (KEY) AI Stock Analysis

KeyCorp operates as the parent company of KeyBank National Association, delivering retail and commercial banking services throughout the United States. Its operations are divided into two main segments: Consumer Bank and Commercial Bank. Product lines include deposits, personal finance tools, mortgage and home equity loans, credit cards, treasury services, and commercial payments. In addition, the firm offers wealth management, asset management, investment advisory, and trust administration. For corporate clients, KeyCorp provides syndicated finance, debt and equity capital market solutions, derivatives, equipment finance, public finance, and commercial mortgage loans across industries like healthcare, energy, and technology.

KeyCorp grew revenue at a 5-year CAGR of 9.4% between FY2020 and FY2025. Annual revenue expanded 23.6% in FY2025 to $11.19B, up from $9.05B in FY2024 and $10.23B in FY2023. Operating margin improved to 20.6% in FY2025 after falling to -3.4% in FY2024. Net income rebounded to $1.83B in FY2025, compared to -$161.0M in FY2024 and $967.0M in FY2023. For the trailing twelve months through June 30, 2026, revenue stood at $7.37B with a profit margin of 27.5% and EPS of $1.72. In the quarter ended June 30, 2026, revenue increased 10.1% year-over-year while quarterly earnings rose 25.3%.

As of June 30, 2026, KeyCorp held $40.17B in cash and short-term investments against total debt of $14.65B, resulting in net cash of $25.52B. Total assets stood at $191.32B with shareholders' equity of $19.80B, giving a debt-to-equity ratio of 0.74 and a current ratio of 0.35. Operating cash flow in FY2025 reached $2.21B, supporting free cash flow of $2.10B. Capital expenditures were $107.0M, share buybacks totaled $235.0M, and dividends paid reached $1.05B.

KeyCorp closed at $19.99 on October 16, 2026, representing a market capitalization of $21.33B. The stock trades at a trailing P/E of 11.6x and a forward P/E of 9.9x, both below the median of its S&P 500 Financial Services peers (14.2x trailing and 12.6x forward). Its price-to-sales multiple is 2.9x compared to the peer median of 3.1x. Over the past year, KEY gained 24.0%, outpacing the S&P 500 return of 16.8%, but its 5-year return of 10.8% trailed the index return of 83.0%.

KeyCorp pays a quarterly dividend with an annualized forward payout of $0.82 per share, representing a 4.10% dividend yield. The company has paid dividends for 40 consecutive years and delivered a 5-year annualized dividend growth rate of 2.1%. The dividend payout ratio stands at 48.2%, and the last ex-dividend date was September 1, 2026.

Wall Street analysts hold 9 Strong Buy, 3 Buy, and 8 Hold ratings on KeyCorp, with no Sell or Strong Sell recommendations. The mean price target of $25.11 represents a 25.6% upside compared to the last close of $19.99. For the fiscal year ending December 31, 2026, analysts estimate EPS of $1.84 on revenue of $8.10B. KeyCorp has beaten EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 20, 2026.

This page is an AI-written research summary of KeyCorp (KEY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: KEY income statement, KEY balance sheet, KEY key metrics, KEY analyst forecast, KEY chart. See the KEY stock overview for the latest quote and news.