Financial Services · Banks - Regional
Price
$23.26
Market Cap
$25.1B
Employees
16,989
Beta
1.04
Avg Volume
12,413,359
CEO
Christopher Marrott Gorman
Business Description
KeyCorp functions as the parent entity for KeyBank National Association, delivering a wide array of banking services to retail and business clients across the United States. Its operations are distinctly segmented into a Consumer Bank and a Commercial Bank. Targeting both individual consumers and small to medium-sized businesses, the corporation extends a comprehensive suite of services. These offerings include various deposit accounts, investment solutions, personal financial planning and wellness programs, student loan refinancing, mortgage and home equity products, general lending, credit card services, treasury management, business advisory, wealth and asset management, and trust-related services. Moreover, the company furnishes middle-market clients with a robust selection of sophisticated banking and capital market products. These encompass syndicated lending, debt and equity capital market offerings, commercial payment solutions, equipment financing, commercial real estate mortgage banking, derivatives, foreign exchange services, financial advisory, and public finance. Its commercial mortgage portfolio encompasses loans across diverse sectors, including consumer, energy, healthcare, industrial, public sector, real estate, and technology. Additionally, KeyCorp engages in community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, its operational reach extended across 15 states, supported by an extensive network of approximately 999 physical branches and 1,317 automated teller machines (ATMs). Beyond its physical footprint, the company offers online and mobile banking capabilities, alongside a dedicated telephone banking call center and other offices. Established in 1849, KeyCorp maintains its corporate headquarters in Cleveland, Ohio.
Business History
Price Overview
Last updated: Jun 27, 2026 10:03am (just now)$23.26
-0.15 (-0.64%)
Day Range
$23.07 – $23.47
52-Week Range
$16.47 – $23.72
50-Day MA
$21.86
200-Day MA
$20.29
Volume
8,836,598.00
Analyst Price Targets
Low
$18.00
Consensus
$23.44
High
$27.00
(52 analysts)
Share Structure
Outstanding
1,079,370,000.00
Float
1,079,736,994.00
Free Float
100.0%
High free float
— 100.0% of shares trade freely, ~-0% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
12.96
Stock Price: $23.26
EPS (Diluted): 1.53
EPS (Diluted): 1.53
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.11
Stock Price: $23.26
Total Equity: $20.38B
Shares: 1,095,171,000
Total Equity: $20.38B
Shares: 1,095,171,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
16.36
Market Cap: $25.11B
Total Debt: $11.00B
Cash: $1.29B
EBITDA: $2.32B
Total Debt: $11.00B
Cash: $1.29B
EBITDA: $2.32B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$32.3B
Market Cap: $25.11B
Total Debt: $11.00B
Cash: $1.29B
Total Debt: $11.00B
Cash: $1.29B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
62.3%
Gross Profit: $6.97B
Revenue: $11.19B
Revenue: $11.19B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
20.6%
Operating Income: $2.30B
Revenue: $11.19B
Revenue: $11.19B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
16.3%
Net Income: $1.83B
Revenue: $11.19B
Revenue: $11.19B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
9.7%
Net Income: $1.83B
Total Equity: $20.38B
Total Equity: $20.38B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
4.8%
Operating Income: $2.30B
Tax Rate: 20.6%
Equity: $20.38B
Total Debt: $11.00B
Cash: $1.29B
Tax Rate: 20.6%
Equity: $20.38B
Total Debt: $11.00B
Cash: $1.29B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.77
Current Assets: $118.70B
Current Liabilities: $154.08B
Current Liabilities: $154.08B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.54
Short-Term Debt: $1.08B
Long-Term Debt: $9.92B
Total Debt: $11.00B
Total Equity: $20.38B
Long-Term Debt: $9.92B
Total Debt: $11.00B
Total Equity: $20.38B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$10.22
Revenue: $11.19B
Shares: 1,095,171,000
Shares: 1,095,171,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$18.61
Total Equity: $20.38B
Shares: 1,095,171,000
Shares: 1,095,171,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.92
Operating CF: $2.21B
CapEx: -$107.00M
Shares: 1,095,171,000
CapEx: -$107.00M
Shares: 1,095,171,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.7%
Last Dividend: N/A
Stock Price: $23.26
Stock Price: $23.26
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.83B
Net Income: $1.83B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares KEY against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.3B | $7.9B | $10.2B | $9.1B | $11.2B |
| Cost of Revenue | -$122.0M | $1.4B | $4.5B | $5.0B | $4.2B |
| Gross Profit | $7.5B | $6.5B | $5.7B | $4.1B | $7.0B |
| Operating Expenses | $4.2B | $4.2B | $4.6B | $4.4B | $4.7B |
| Operating Income | $3.3B | $2.3B | $1.2B | -$306.0M | $2.3B |
| Net Income | $2.6B | $1.9B | $967.0M | -$161.0M | $1.8B |
| EBITDA | $3.3B | $2.5B | $1.3B | -$233.0M | $2.3B |
| EPS | $2.66 | $1.94 | $0.89 | $-0.32 | $1.53 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $913.0M | $887.0M | $941.0M | $1.7B | $1.3B |
| Total Current Assets | $61.3B | $46.3B | $52.4B | $25.2B | $118.7B |
| Total Assets | $186.3B | $189.8B | $188.3B | $187.2B | $184.4B |
| Current Liabilities | $156.9B | $157.1B | $148.7B | $151.9B | $154.1B |
| Long-Term Debt | $12.0B | $19.3B | $19.5B | $12.1B | $9.9B |
| Total Liabilities | $168.9B | $176.4B | $173.6B | $169.0B | $164.0B |
| Total Equity | $17.4B | $13.5B | $14.6B | $18.2B | $20.4B |
| Retained Earnings | $14.6B | $15.6B | $15.7B | $14.6B | $15.4B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $4.5B | $2.9B | $664.0M | $2.2B |
| Capital Expenditure | -$66.0M | -$108.0M | -$142.0M | -$65.0M | -$107.0M |
| Free Cash Flow | $1.1B | $4.4B | $2.8B | $599.0M | $2.1B |
| Acquisitions (net) | -$29.0M | -$58.0M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.1B | $0 | -$38.0M | $0 | -$235.0M |
| Net Change in Cash | -$178.0M | -$26.0M | $54.0M | $802.0M | -$456.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:03am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$7.5B $7.4B – $7.5B
|
$8.1B $8.0B – $8.1B
|
$8.6B $8.2B – $8.7B
|
$8.9B $8.9B – $8.9B
|
| EBITDA |
$1.6B $1.6B – $1.6B
|
$1.7B $1.7B – $1.7B
|
$1.8B $1.8B – $1.9B
|
$1.9B $1.9B – $1.9B
|
| Net Income |
$1.6B $1.6B – $1.6B
|
$2.0B $1.9B – $2.1B
|
$2.3B $2.2B – $2.5B
|
$2.3B $2.3B – $3.0B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +7.9% | +29.3% | -11.5% | +23.6% |
| Gross Profit Growth | -12.5% | -12.2% | -29.1% | +71.7% |
| Operating Income Growth | -28.3% | -50.3% | -126.4% | +852.9% |
| Net Income Growth | -27.0% | -49.6% | -116.6% | +1,236.0% |
| EBITDA Growth | -24.0% | -47.4% | -117.7% | +1,096.6% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-23 | BANK OF NOVA SCOTIA | D-Return | 205,976.00 | $22.71 | $4.7M |
| 2026-06-16 | BANK OF NOVA SCOTIA | D-Return | 277,182.00 | $22.13 | $6.1M |
| 2026-06-09 | BANK OF NOVA SCOTIA | D-Return | 355,338.00 | $21.24 | $7.5M |
| 2026-06-03 | Gile Elizabeth R. | S-Sale | 23,946.00 | $20.88 | $499,992 |
| 2026-05-27 | BANK OF NOVA SCOTIA | D-Return | 162,692.00 | $21.25 | $3.5M |
| 2026-05-19 | BANK OF NOVA SCOTIA | D-Return | 220,354.00 | $21.14 | $4.7M |
| 2026-05-14 | Snyder Barbara R | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | DeSpirito Antonio III | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Hayes Robin | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Allard Jacqui | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | CUTLER ALEXANDER M | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Hipple Richard J | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Khanna Somesh | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Rankin Devina A | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Henson Christopher L | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Gile Elizabeth R. | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Dallas H James | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | Tobin Richard J | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | VASOS TODD J | A-Award | 7,352.00 | $0.00 | $0 |
| 2026-05-14 | DeSpirito Antonio III | 0.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-02 | $0.21 | 2026-05-13 | 2026-06-02 | 2026-06-15 |
| 2026-03-03 | $0.21 | 2026-01-15 | 2026-03-03 | 2026-03-13 |
| 2025-12-02 | $0.21 | 2025-11-20 | 2025-12-02 | 2025-12-15 |
| 2025-09-02 | $0.21 | 2025-07-15 | 2025-09-02 | 2025-09-15 |
| 2025-05-27 | $0.21 | 2025-05-14 | 2025-05-27 | 2025-06-13 |
| 2025-03-04 | $0.21 | 2025-01-16 | 2025-03-04 | 2025-03-14 |
| 2024-12-03 | $0.21 | 2024-11-21 | 2024-12-03 | 2024-12-13 |
| 2024-08-27 | $0.21 | 2024-07-10 | 2024-08-27 | 2024-09-13 |
| 2024-05-24 | $0.21 | 2024-05-09 | 2024-05-28 | 2024-06-14 |
| 2024-02-26 | $0.21 | 2024-01-10 | 2024-02-27 | 2024-03-15 |
| 2023-11-27 | $0.21 | 2023-11-16 | 2023-11-28 | 2023-12-15 |
| 2023-08-28 | $0.21 | 2023-07-11 | 2023-08-29 | 2023-09-15 |
| 2023-05-26 | $0.21 | 2023-05-11 | 2023-05-30 | 2023-06-15 |
| 2023-02-27 | $0.21 | 2023-01-12 | 2023-02-28 | 2023-03-15 |
| 2022-11-28 | $0.21 | 2022-11-17 | 2022-11-29 | 2022-12-15 |
| 2022-08-29 | $0.20 | 2022-07-06 | 2022-08-30 | 2022-09-15 |
| 2022-05-27 | $0.20 | 2022-05-12 | 2022-05-31 | 2022-06-15 |
| 2022-02-28 | $0.20 | 2022-01-13 | 2022-03-01 | 2022-03-15 |
| 2021-11-29 | $0.20 | 2021-11-18 | 2021-11-30 | 2021-12-15 |
| 2021-08-30 | $0.16 | 2021-07-07 | 2021-08-31 | 2021-09-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for KEY — it's generated by the pipeline (
market-narrative step).
No community reviews yet for KEY.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30