KEY
NYSE · USDKeyCorp
Financial Services · Banks - Regional
CEO Christopher Marrott Gorman
Employees 17,226
R&D / revenue 0.0%
Last price
$19.99+0.25%last session
Market cap
$21.6B
P/E (TTM)
11.6x
From 52w high
−17.0%
From 52w low
+19.1%
1-year return
+20.4%
RSI 14 · vs SMA200
38.8 · −7.1%
IS score
44.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
KEY SPY XLF (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe47Profitability
67Growth
82Value
74Momentum
80Risk (safety)
62Quality
53Balance sheet
82Earnings quality
Flags
Strengths
✓ Net cash✓ Congress buying
Warnings
None of the computed warning flags fires for KEY (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: None, Intangible AssetsPiotroski 7 / 9Beta 1.023 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
3 open-market sales, $1.6M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-03-27
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+51
122 new holders, 63 closed
944 filers hold 88.9% · 340 added, 310 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+16
935 funds adding shares
919 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
45.9%
20-day avg 52.1%, 50-day avg 56.4%
Latest 6.2 pp under its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$11.2B
Revenue growth YoY+23.6%
Gross margin62.3%
Operating income$2.3B
Operating margin20.6%
Net income$1.8B
Net margin16.3%
EPS (diluted)$1.52
Cash flow
Operating cash flow$2.2B
Capital expenditure$107.0M
Free cash flow$2.1B
FCF conversion (FCF / OCF)95.2%
Stock-based compensation$132.0M
FCF less SBC$2.0B
Buybacks$235.0M
Dividends$1.1B
Balance sheet & returns
Cash & short-term investments$11.4B
Total debt$11.0B
Net cash$449.0M
Shareholders' equity$20.4B
Goodwill & intangibles$2.8B
Debt / equity0.74
ROE (TTM)10.1%
ROIC (TTM)3.9%
Operating margin by fiscal year
Revenue $7.3B (FY2021) to $11.2B (FY2025), a 11.1% CAGR.
Valuation
P/E (TTM)11.6x
EV / EBITDA18.1x
Price / sales2.06x
Price / FCF18.0x
FCF yield5.56%
Buyback yield1.09%
SBC / revenue1.3%
Price / book1.08x
Forward P/E FY202610.9x
Forward P/E FY20279.3x
Forward P/E FY20288.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $25.00 across 5 analysts last quarter is theirs, not ours.
KEY vs industry median
909 companies in Banks - Regional
KEY (TTM)Industry median
Asset turnover 0.05 vs industry 0.05 · financial leverage 9.66
Earnings delivery
Next report 2026-10-20 · consensus EPS $0.4692%
beat rate, 11 of 12 quarters
+6.6%
median EPS surprise
9
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-19 to 2026-07-21. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| KEY KeyCorp | $21.6B | 11.6x | 10.1% | 19.4% | +23.6% | +20.4% |
| RF Regions Financial Corporatio | $23.4B | 10.6x | 11.9% | 24.0% | +0.5% | +18.7% |
| FCNCA First Citizens BancShares, I | $24.0B | 11.4x | 10.7% | 18.6% | −1.3% | +29.7% |
| CFG Citizens Financial Group, In | $26.7B | 12.7x | 8.3% | 18.4% | −4.5% | +32.1% |
| EWBC East West Bancorp, Inc. | $17.4B | 12.1x | 16.6% | 30.9% | +4.7% | +35.3% |
| HBAN Huntington Bancshares Incorp | $30.9B | 11.2x | 9.0% | 17.4% | +18.5% | — |
| MTB M&T Bank Corporation | $31.1B | 11.2x | 10.7% | 24.3% | −5.8% | — |
| PNFP Pinnacle Financial Partners, | $14.3B | 11.6x | 7.7% | 19.1% | +61.9% | — |
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding1,079,368,644
Free float98.5%
Institutional ownership88.9%
Beta1.02
Dividend yield4.10%
Last dividend$0.20 on 2026-09-01
50 / 200-day average$21.33 / $21.56
Large-cap Financial Services median P/E14.0x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where KEY sits among 257 scored companies in Banks - Regional (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | KEY | Industry percentile |
|---|---|---|
| P/E (TTM) | 10.6x | 31st |
| PEG (P/E ÷ 3-yr EPS CAGR) | 2.25 | 62nd |
| Price / sales | 2.1x | 20th |
| Price / book | 1.1x | 34th |
| Price / tangible book | 1.4x | 40th |
| Price / free cash flow | n/a | |
| Price / operating cash flow | n/a | |
| Enterprise value | n/a | |
| EV / sales | n/a | |
| EV / EBITDA | n/a | |
| EV / EBIT | n/a | |
| EV / free cash flow | n/a | |
| Earnings yield | 9.4% | 69th |
| FCF yield | n/a | |
| Operating cash flow yield | n/a | |
| Graham number (per share) | $28.07 | 17th |
Profitability (TTM)
| Measure | KEY | Industry percentile |
|---|---|---|
| Gross margin | n/a | |
| EBITDA margin | n/a | |
| Operating margin | 18.1% | 22nd |
| EBIT margin | 18.1% | 21st |
| Net margin | 19.4% | 33rd |
| NOPAT margin | 14.3% | 23rd |
| FCF margin | n/a | |
| Operating cash flow margin | n/a | |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 37.0% | 91st |
| Stock comp / revenue | 1.3% | 77th |
| Effective tax rate | 20.5% | 41st |
Returns on capital
| Measure | KEY | Industry percentile |
|---|---|---|
| ROE (on average equity) | 10.3% | 41st |
| ROA | 1.1% | 34th |
| ROIC | n/a | |
| ROCE | n/a | |
| Return on tangible assets | 1.0% | 23rd |
| Cash ROIC (OCF / invested capital) | n/a | |
| Gross profitability (GP / assets) | n/a | |
| ROIC, 3-yr average | n/a | |
| ROIC, 5-yr average | n/a | |
| ROE, 5-yr average | 8.7% | 29th |
| Incremental ROIC | n/a |
Growth
| Measure | KEY | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 13.5% | 73rd |
| Revenue growth (QoQ) | -24.5% | 20th |
| Revenue CAGR, 3 yr | 3.9% | 16th |
| Revenue CAGR, 5 yr | 7.8% | 17th |
| Gross profit CAGR, 3 yr | n/a | |
| Operating income CAGR, 3 yr | 0.4% | 41st |
| Net income growth (TTM YoY) | 1,053.4% | 99th |
| Net income CAGR, 3 yr | 9.8% | 61st |
| EPS growth (TTM YoY) | 1,084.4% | 99th |
| EPS CAGR, 3 yr | 4.7% | 54th |
| EPS CAGR, 5 yr | -4.9% | 10th |
| FCF growth (TTM YoY) | n/a | |
| FCF CAGR, 3 yr | n/a | |
| Operating cash flow CAGR, 3 yr | n/a | |
| Book value CAGR, 3 yr | 7.5% | 33rd |
| Dividend CAGR, 3 yr | -3.1% | 17th |
| Sustainable growth rate | 5.0% | 19th |
Margin history & stability
| Measure | KEY | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | n/a | |
| Operating margin, 3-yr average | 9.8% | 8th |
| Net margin, 3-yr average | 9.8% | 10th |
| FCF margin, 3-yr average | n/a | |
| Revenue stability (0-1) | 0.68 | 17th |
| Earnings stability (0-1) | 0.28 | 43rd |
| Margin stability (0-1) | 0.72 | 10th |
Liquidity (latest quarter)
| Measure | KEY | Industry percentile |
|---|---|---|
| Cash & short-term investments | n/a | |
| Net cash (− = net debt) | n/a | |
| Working capital | n/a | |
| Current ratio | n/a | |
| Quick ratio | n/a | |
| Cash ratio (cash + ST investments / current liabilities) | n/a | |
| Defensive interval (days) | n/a |
Leverage & solvency (latest quarter)
| Measure | KEY | Industry percentile |
|---|---|---|
| Total debt | n/a | |
| Debt / equity | n/a | |
| Net debt / equity | n/a | |
| Debt / assets | n/a | |
| Debt / capital | n/a | |
| Debt / EBITDA | n/a | |
| Net debt / EBITDA | n/a | |
| Interest coverage (EBIT / interest) | n/a | |
| Cash interest coverage | n/a | |
| Debt payback (years of OCF) | n/a | |
| Liabilities / assets | 89.7% | 73rd |
| IS credit model rating | BBB+ | |
| Implied credit spread (bps) | 225 | 65th |
Efficiency
| Measure | KEY | Industry percentile |
|---|---|---|
| Asset turnover | n/a | |
| Fixed asset turnover | n/a | |
| Inventory turnover | n/a | |
| Receivables turnover | n/a | |
| Days sales outstanding | n/a | |
| Days inventory outstanding | n/a | |
| Days payables outstanding | n/a | |
| Cash conversion cycle (days) | n/a | |
| Capex / revenue | n/a | |
| Capex / depreciation | n/a | |
| Operating expense ratio | n/a |
Cash flow & earnings quality
| Measure | KEY | Industry percentile |
|---|---|---|
| Operating cash flow / net income | n/a | |
| FCF / net income | n/a | |
| FCF / operating cash flow | n/a | |
| Capex / operating cash flow | n/a | |
| Accruals ratio | n/a | |
| Sloan accruals ratio | n/a | |
| Earnings quality score (0-1) | n/a |
Scores & forensic checks
| Measure | KEY | Industry percentile |
|---|---|---|
| IS score | 44 | 20th |
| IS profitability | 47 | 22nd |
| IS growth | 67 | 82nd |
| IS value | 82 | 56th |
| IS momentum | 74 | 38th |
| IS risk (safety) | 80 | 64th |
| IS quality | 62 | 23rd |
| IS balance sheet | 53 | 66th |
| IS earnings quality | 82 | 28th |
| IS cash flow | 38 | 9th |
| Piotroski F-score (0-9) | 7 | 54th |
| Altman Z-score | — | |
| Beneish M-score | — | |
| Ohlson O-score | −5.98 | 13th |
| IS credit score | 63 | 32nd |
Size (TTM)
| Measure | KEY | Industry percentile |
|---|---|---|
| Market cap | $21.6B | 93rd |
| Revenue | $10.5B | 94th |
| EBITDA | $1.9B | 93rd |
| Net income | $2.0B | 94th |
| Free cash flow | n/a | |
| Total assets | $191.3B | 94th |
| Shareholders' equity | $19.8B | 94th |
| Employees | 17,883 | 94th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-01 | Snyder Barbara R Director |
Option exercise | 1,526 | — | — | 114,767 |
| 2026-10-01 | Snyder Barbara R Director |
Option exercise | 1,417 | — | — | 116,184 |
| 2026-10-01 | Snyder Barbara R Director |
Option exercise | 1,526 | — | — | 6,376 |
| 2026-10-01 | Snyder Barbara R Director |
Option exercise | 1,417 | — | — | 150,043 |
| 2026-09-30 | Vasos Todd J Director |
Award / grant | 1,930 | — | — | 53,006 |
| 2026-09-30 | Rankin Devina A Director |
Award / grant | 1,557 | — | — | 93,706 |
| 2026-09-30 | Hayes Robin Director |
Award / grant | 1,557 | — | — | 54,809 |
| 2026-09-30 | Cutler Alexander M Director |
Award / grant | 840 | — | — | 40,823 |
| 2026-09-21 | Gorman Christopher M. Director, Chairman and CEO |
Gift | 29,821 | — | — | 0 |
| 2026-07-22 | Ramani Mohit Chief Risk Officer |
Open-market sale | 25,000 | $22.74 | $568,500 | 29,855 |
| 2026-07-07 | Bank Of Nova Scotia Director, 10 percent owner: |
Return to issuer | 176,803 | $23.18 | $4.1M | 157,470,114 |
| 2026-07-01 | Cutler Alexander M Director |
Option exercise | 26,893 | — | — | 325,309 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 21 | 106,745 | — |
| Gift | Disposed | 1 | 29,821 | — |
| Open-market sale | Disposed | 3 | 71,772 | $1.6M |
| Option exercise | Disposed | 12 | 192,331 | $432,781 |
| Option exercise | Acquired | 12 | 192,331 | $432,781 |
| Return to issuer | Disposed | 16 | 2,451,233 | $53.9M |
| — | Disposed | 2 | 0 | — |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 7 trades (4 purchases) · Senate 1 (1 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-03-27 | Alan Armstrong | Senate | Purchase | $1,001 - $15,000 | 2026-07-20 |
| 2026-03-13 | Gilbert Cisneros | House | Sale (Full) | $1,001 - $15,000 | 2026-04-08 |
| 2026-03-12 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-04-09 |
| 2026-03-12 | Gilbert Ray Cisneros | House | Sale (Full) | $1,001 - $15,000 | 2026-04-08 |
| 2026-01-29 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-02-10 |
| 2024-05-09 | Tommy Tuberville | Senate | Purchase | $1,001 - $15,000 | 2024-06-14 |
| 2024-05-09 | Tommy Tuberville | Senate | Purchase | $1,001 - $15,000 | 2024-06-14 |
| 2024-05-09 | Tommy Tuberville | Senate | Purchase | $1,001 - $15,000 | 2024-06-13 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BANK OF NOVA SCOTIA | 157,762,958 | $3.6B | 14.62% |
| BlackRock, Inc. | 88,464,784 | $2.0B | 8.20% |
| VANGUARD CAPITAL MANAGEMENT LLC | 65,486,394 | $1.5B | 6.07% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 51,860,583 | $1.2B | 4.80% |
| STATE STREET CORP | 51,368,660 | $1.2B | 4.76% |
| FMR LLC | 50,275,640 | $1.2B | 4.66% |
| GEODE CAPITAL MANAGEMENT, LLC | 25,619,560 | $588.3M | 2.37% |
| Invesco Ltd. | 20,889,560 | $481.5M | 1.94% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 17,946,974 | $413.7M | 1.66% |
| DEUTSCHE BANK AG\ | 16,496,467 | $380.2M | 1.53% |
| GOLDMAN SACHS GROUP INC | 14,847,409 | $342.2M | 1.38% |
| VICTORY CAPITAL MANAGEMENT INC | 13,255,781 | $305.5M | 1.23% |
| Capital World Investors | 12,826,544 | $295.7M | 1.19% |
| MORGAN STANLEY | 12,444,003 | $286.8M | 1.15% |
| NORGES BANK | 12,181,840 | $280.8M | 1.13% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 944 | 88.9% | 122 | 340 | 310 | 63 |
| 2026-03-31 | 893 | 87.1% | 115 | 349 | 270 | 86 |
| 2025-12-31 | 878 | 89.6% | 150 | 316 | 260 | 73 |
| 2025-09-30 | 819 | 90.7% | 98 | 281 | 276 | 62 |
| 2025-06-30 | 795 | 90.8% | 98 | 279 | 283 | 84 |
| 2025-03-31 | 791 | 89.5% | 90 | 269 | 282 | 104 |
| 2024-12-31 | 817 | 87.0% | 115 | 300 | 262 | 79 |
| 2024-09-30 | 796 | 75.2% | 97 | 267 | 303 | 85 |
| 2024-06-30 | 789 | 71.5% | 79 | 306 | 262 | 74 |
| 2024-03-31 | 801 | 69.6% | 99 | 275 | 291 | 89 |
| 2023-12-31 | 801 | 69.3% | 143 | 249 | 302 | 58 |
| 2023-09-30 | 725 | 69.4% | 76 | 231 | 306 | 113 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.03% | $678.7M |
| VTSAX | 0.03% | $678.7M |
| VSMPX | 0.03% | $678.7M |
| VTI | 0.03% | $678.7M |
| VFIAX | 0.03% | $478.0M |
| VFFSX | 0.03% | $478.0M |
Share structure
Shares outstanding1,079,368,644
Float1,063,348,091
Free float98.5%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| 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 |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $2.8B | $2.8B | $2.8B | $2.9B | $3.3B |
| Operating income | $3.3B | $2.3B | $1.2B | −$306.0M | $2.3B |
| EBITDA | $3.3B | $2.5B | $1.3B | −$233.0M | $2.3B |
| Pretax income | $3.3B | $2.3B | $1.2B | −$306.0M | $2.3B |
| Income tax | $642.0M | $422.0M | $196.0M | −$143.0M | $475.0M |
| Net income | $2.6B | $1.9B | $967.0M | −$161.0M | $1.8B |
| EPS, diluted | $2.63 | $1.93 | $0.88 | $-0.32 | $1.52 |
| Diluted shares | 957.4M | 933.1M | 932.8M | 949.6M | 1.1B |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $57.3B | $42.4B | $48.9B | $22.5B | $11.4B |
| Receivables | $4.0B | $3.9B | $3.5B | $2.7B | $105.1B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $61.3B | $46.3B | $52.4B | $25.2B | $118.7B |
| PP&E, net | $681.0M | $636.0M | $661.0M | $614.0M | $628.0M |
| Goodwill & intangibles | $2.8B | $2.8B | $2.8B | $2.8B | $2.8B |
| Total assets | $186.3B | $189.8B | $188.3B | $187.2B | $184.4B |
| Accounts payable | $0 | $0 | $0 | $0 | $148.7B |
| Total 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 |
| Shareholders' equity | $17.4B | $13.5B | $14.6B | $18.2B | $20.4B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $2.6B | $1.9B | $967.0M | −$161.0M | $1.8B |
| Depreciation & amortization | $32.0M | $164.0M | $154.0M | $73.0M | $21.0M |
| Stock-based compensation | $104.0M | $120.0M | $121.0M | $104.0M | $132.0M |
| Change in working capital | $34.0M | $237.0M | $691.0M | −$483.0M | −$280.0M |
| 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 |
| Investing cash flow | −$15.1B | −$10.9B | $1.4B | $2.5B | $3.2B |
| Net debt issued / repaid | −$1.6B | $16.7B | −$6.3B | −$8.4B | −$3.6B |
| Buybacks | −$1.1B | $0 | −$38.0M | $0 | −$235.0M |
| Dividends paid | −$823.0M | −$854.0M | −$911.0M | −$927.0M | −$1.1B |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 101.7% | 82.5% | 56.0% | 44.8% | 62.3% |
| Operating margin | 44.4% | 29.5% | 11.3% | -3.4% | 20.6% |
| Net margin | 35.8% | 24.2% | 9.5% | -1.8% | 16.3% |
| FCF margin | 14.8% | 55.1% | 27.0% | 6.6% | 18.8% |
| ROE | 14.8% | 12.4% | 6.9% | -1.0% | 9.5% |
| ROIC | -9.7% | -901.4% | -8.3% | -2.4% | 9.2% |
| ROA | 1.5% | 1.0% | 0.5% | -0.1% | 1.0% |
| Debt / equity | 0.73 | 2.14 | 1.55 | 0.78 | 0.54 |
| Interest coverage | 11.0x | 2.6x | 0.3x | n/m | 0.6x |
| Current ratio | 0.39 | 0.30 | 0.35 | 0.17 | 0.77 |
| Revenue growth | +2.7% | +7.9% | +29.2% | −11.5% | +23.6% |
| EPS growth | +104.2% | −26.9% | −49.6% | −115.8% | +1,123.6% |
| P/E at year end | 6.7x | 7.2x | 12.6x | n/m | 12.4x |
| EV / EBITDA at year end | n/m | 0.0x | n/m | n/m | 9.5x |
| FCF yield at year end | 6.17% | 31.64% | 22.63% | 3.71% | 9.29% |
| Dividend payout | 31.4% | 44.5% | 94.2% | — | 57.6% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net Interest Income | $4.4B | $5.4B | $7.9B | — | — |
| Total Non Interest Income | $3.2B | $2.7B | $2.5B | — | — |
| Trust And Investment Services | — | — | — | $518.0M | $558.0M |
| Investment Banking And Debt Placement | — | — | — | $521.0M | $551.0M |
| Cards And Payments | — | — | — | $331.0M | $337.0M |
| Service Charges On Deposit Accounts | — | — | — | $261.0M | $295.0M |
| Other Noninterest Income | — | — | — | $12.0M | $8.0M |
Street estimates by fiscal year
Next report 2026-10-20 · consensus EPS $0.46 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $8.1B | $8.0B – $8.1B | $1.84 | $1.81 – $1.86 | 14 | 10.9x |
| 2027 | $8.6B | $8.4B – $8.8B | $2.16 | $2.08 – $2.22 | 14 | 9.3x |
| 2028 | $9.1B | $8.9B – $9.2B | $2.45 | $2.20 – $2.55 | 12 | 8.1x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-07-21 | $0.42 | $0.44 | +4.2% | $2.0B | $2.0B | −0.3% |
| 2026-04-16 | $0.41 | $0.44 | +7.3% | $1.9B | $2.0B | +0.8% |
| 2026-01-20 | $0.39 | $0.41 | +5.9% | $2.0B | $2.0B | +2.2% |
| 2025-10-16 | $0.38 | $0.41 | +7.9% | $1.9B | $2.1B | +10.1% |
| 2025-07-22 | $0.35 | $0.35 | +1.2% | $1.8B | $1.8B | +1.6% |
| 2025-04-17 | $0.32 | $0.33 | +3.8% | $1.7B | $1.7B | −1.3% |
| 2025-01-21 | $0.32 | $0.38 | +18.8% | $1.7B | $1.9B | +7.7% |
| 2024-10-17 | $0.28 | $0.30 | +7.3% | $1.6B | $1.9B | +16.0% |
| 2024-07-18 | $0.24 | $0.25 | +4.2% | $1.5B | $1.5B | −3.0% |
| 2024-04-18 | $0.22 | $0.22 | 0.0% | $1.5B | $1.5B | −1.9% |
| 2024-01-18 | $0.22 | $0.25 | +13.6% | $1.5B | $1.5B | −3.0% |
| 2023-10-19 | $0.27 | $0.29 | +7.4% | $1.6B | $1.5B | −2.3% |
| 2023-07-20 | $0.31 | $0.27 | −12.9% | $1.6B | $1.5B | −5.2% |
| 2023-04-20 | $0.41 | $0.44 | +7.3% | $1.8B | $1.7B | −7.4% |
| 2023-01-19 | $0.54 | $0.38 | −29.6% | $1.9B | $1.8B | −5.2% |
| 2022-10-20 | $0.58 | $0.55 | −5.2% | $1.9B | $1.8B | −2.6% |
| 2022-07-21 | $0.52 | $0.54 | +3.8% | $1.8B | $1.7B | −2.5% |
| 2022-04-21 | $0.49 | $0.45 | −8.2% | $1.7B | $1.7B | −2.2% |
| 2022-01-20 | $0.57 | $0.64 | +12.3% | $1.8B | $1.9B | +6.6% |
| 2021-10-21 | $0.57 | $0.66 | +15.8% | $1.8B | $1.8B | +0.3% |
| 2021-07-20 | $0.54 | $0.73 | +35.2% | $1.8B | $1.7B | −2.0% |
| 2021-04-20 | $0.48 | $0.61 | +27.1% | $1.3B | $1.7B | +33.2% |
| 2021-01-21 | $0.43 | $0.57 | +32.6% | $1.2B | $1.8B | +43.9% |
| 2020-10-21 | $0.37 | $0.41 | +10.8% | $1.0B | $1.6B | +61.6% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $174.7M | 8,010,717 | 82,210 |
| 2026-08-24 | $143.1M | 6,518,867 | 70,463 |
| 2026-08-17 | $180.9M | 8,078,205 | 84,201 |
| 2026-08-10 | $168.6M | 7,342,281 | 78,898 |
| 2026-08-03 | $201.2M | 8,783,374 | 88,503 |
| 2026-07-27 | $239.4M | 10,624,891 | 104,107 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 45.9% | 6,197,639 | 13,503,901 |
| 2026-10-14 | 60.8% | 8,153,337 | 13,403,975 |
| 2026-10-13 | 63.6% | 6,059,396 | 9,532,015 |
| 2026-10-12 | 56.6% | 4,099,300 | 7,246,600 |
| 2026-10-09 | 48.6% | 4,455,143 | 9,160,752 |
| 2026-10-08 | 56.7% | 6,357,675 | 11,219,098 |
| 2026-10-07 | 62.2% | 6,704,989 | 10,786,625 |
| 2026-10-06 | 51.8% | 4,525,917 | 8,739,411 |
| 2026-10-05 | 44.6% | 2,666,275 | 5,981,354 |
| 2026-10-02 | 59.5% | 3,534,874 | 5,937,735 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +1.6% | 55% | 20 |
| Feb | −0.5% | 35% | 20 |
| Mar | −2.4% | 43% | 21 |
| Apr | +0.3% | 55% | 20 |
| May | −2.3% | 45% | 20 |
| Jun | −1.7% | 55% | 20 |
| Jul | +3.7% | 65% | 20 |
| Aug | +0.0% | 55% | 20 |
| Sep | −0.7% | 40% | 20 |
| Oct | +0.9% | 50% | 20 |
| Nov | +3.6% | 70% | 20 |
| Dec | +2.5% | 70% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1438.8
MFI49.6
ADX34.6
Stochastic %K / %D40.9 / 38.1
Williams %R-49.0
CCI-15
TSI / signal-29.4 / -30.6
Chaikin money flow-0.02
ATR$0.41
Bollinger width5.1%
Volume vs 20-day avg0.95x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$20.15 (−0.8%)
SMA 50$21.24 (−5.9%)
SMA 200$21.52 (−7.1%)
EMA 21$20.30 (−1.5%)
EMA 50$20.98 (−4.7%)
EMA 200$21.02 (−4.9%)
Bollinger upper$20.67 (−3.3%)
Bollinger lower$19.64 (+1.8%)
Parabolic SAR$19.45 (+2.8%)
Open the live chart, 110+ indicatorsAbout KeyCorp
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.
https://www.key.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Christopher Marrott Gorman | Chairman, President & Chief Executive Officer | $4.6M | 1961 |
| Mohit Ramani | Chief Risk Officer | $3.9M | 1974 |
| Andrew Jackson Paine | Head of Institutional Banking & President of Key Institutional Bank | $3.1M | 1970 |
| Clark Harold Ibrahim Khayat | Chief Financial Officer | $2.9M | 1972 |
| Angela G. Mago | Chief Human Resources Officer | $1.7M | 1966 |
| James L. Waters | General Counsel & Corporate Secretary | — | 1967 |
| Katrina Evans | Chief of Staff & Director of Corporate Center | — | 1965 |
| Kenneth C. Gavrity | Head of Commercial Banking | — | 1977 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| Beth E. Mooney Chairman and Chief Executive Officer | 2013 | $986,538 | $3.6M | $2.3M | $7.5M |
| Christopher M. Gorman President, Key Corporate Bank | 2013 | $600,000 | $1.7M | $1.6M | $4.2M |
| Donald R. Kimble Chief Financial Officer | 2013 | $323,077 | $2.1M | $660,000 | $3.2M |
| Jeffrey B. Weeden Chief Financial Officer (Former) | 2013 | $350,000 | $1.4M | $330,000 | $3.0M |
| William R. Koehler President, Key Community Bank | 2013 | $550,000 | $1.2M | $850,000 | $2.9M |
| William L. Hartmann Chief Risk Officer | 2013 | $500,000 | $1.1M | $655,000 | $2.4M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-09-01 | $0.205 | 2026-09-15 |
| 2026-06-02 | $0.205 | 2026-06-15 |
| 2026-03-03 | $0.205 | 2026-03-13 |
| 2025-12-02 | $0.205 | 2025-12-15 |
| 2025-09-02 | $0.205 | 2025-09-15 |
| 2025-05-27 | $0.205 | 2025-06-13 |
| 2025-03-04 | $0.205 | 2025-03-14 |
| 2024-12-03 | $0.205 | 2024-12-13 |
Moat model
None · Intangible Assets · 2026-06-30Cost advantage17
Intangibles43
Switching costs32
Network effect42
Efficient scale42
Our component scores (0-100) and overall 34.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17