(KEY) KeyCorp - NYSE
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 24.199m USD | Total Return: 47.1% in 12m
Avg Turnover: 251M
EPS Trend: 6.1%
Qual. Beats: 0
Rev. Trend: 63.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
KeyCorp (NYSE: KEY) is a Cleveland-based financial services holding company and the parent of KeyBank National Association. Established in 1849, the firm operates through two primary segments: Consumer Bank and Commercial Bank. Its portfolio includes traditional retail banking, wealth management, and sophisticated investment banking services such as debt and equity underwriting and M&A advisory.
The company follows a regional banking model, which typically focuses on capturing market share within specific geographic footprints-in this case, across 15 states. Unlike global money-center banks, regional banks like KeyCorp often derive a significant portion of their revenue from net interest income generated by local commercial and consumer loan portfolios.
Investors can further evaluate these revenue streams and asset quality by reviewing the detailed metrics available on ValueRay.
In addition to standard lending and deposit products, KeyCorp maintains a robust capital markets division. This business model diversification allows the firm to serve a broad client base ranging from individual households to large institutional and non-profit entities through specialized services like equipment financing and community development lending.
- Net interest margin expansion hinges on Federal Reserve monetary policy pivots
- Investment banking fee recovery drives non-interest income growth for commercial segment
- Asset sensitivity profile impacts earnings volatility during shifting interest rate cycles
- Credit quality stability in middle-market lending portfolio dictates loan loss provisions
- Strategic capital investment from Scotiabank strengthens balance sheet and liquidity ratios
| Net Income: 1.95b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.10 > 1.0 |
| NWC/Revenue: -802.1% < 20% (prev -1.43k%; Δ 626.5% < -1%) |
| CFO/TA 0.01 > 3% & CFO 2.29b > Net Income 1.95b |
| Net Debt (-44.7b) to EBITDA (2.50b): -17.85 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.08b) vs 12m ago -1.98% < -2% |
| Gross Margin: 64.18% > 18% (prev 47.00%; Δ 17.18% > 0.5%) |
| Asset Turnover: 5.95% > 50% (prev 4.83%; Δ 1.11% > 0%) |
| Interest Coverage Ratio: 0.70 > 6 (EBIT TTM 2.49b / Interest Expense TTM 3.56b) |
| A: -0.48 (Total Current Assets 64.0b - Total Current Liabilities 154b) / Total Assets 189b |
| B: 0.08 (Retained Earnings 15.6b / Total Assets 189b) |
| C: 0.01 (EBIT TTM 2.49b / Avg Total Assets 189b) |
| D: 0.12 (Book Value of Equity 20.0b / Total Liabilities 169b) |
| Altman-Z'' = -2.65 = D |
As of June 20, 2026, the stock is trading at USD 22.59 with a total of 8,331,660 shares traded.
Over the past week, the price has changed by +1.16%,
over one month by +8.28%,
over three months by +19.63% and
over the past year by +47.10%.
KeyCorp has received a consensus analysts rating of 3.89. Therefore, it is recommended to buy KEY.
- StrongBuy: 7
- Buy: 3
- Hold: 9
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 25 | 10.7% |
P/E Trailing = 13.7546
P/E Forward = 12.6743
P/S = 3.3606
P/B = 1.4011
P/EG = 1.7372
Revenue TTM = 11.2b USD
EBIT TTM = 2.49b USD
EBITDA TTM = 2.50b USD
Long Term Debt = 10.9b USD (from longTermDebt, last quarter)
Short Term Debt = 6.18b USD (from shortTermDebt, last quarter)
Debt = 17.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.00m
Net Debt = -44.7b USD (calculated: Debt 17.1b - CCE 61.7b)
Enterprise Value = 24.2b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.70 (Ebit TTM 2.49b / Interest Expense TTM 3.56b)
EV/FCF = 11.12x (Enterprise Value 24.2b / FCF TTM 2.18b)
FCF Yield = 9.00% (FCF TTM 2.18b / Enterprise Value 24.2b)
FCF Margin = 19.41% (FCF TTM 2.18b / Revenue TTM 11.2b)
Net Margin = 17.35% (Net Income TTM 1.95b / Revenue TTM 11.2b)
Gross Margin = 64.18% ((Revenue TTM 11.2b - Cost of Revenue TTM 4.02b) / Revenue TTM)
Gross Margin QoQ = 67.41% (prev 66.05%)
Tobins Q-Ratio = 0.13 (Enterprise Value 24.2b / Total Assets 189b)
Interest Expense / Debt = 20.86% (Interest Expense 3.56b / Debt 17.1b)
Taxrate = 20.51% (502.0m / 2.45b)
NOPAT = 1.98b (EBIT 2.49b * (1 - 20.51%))
Current Ratio = 0.42 (Total Current Assets 64.0b / Total Current Liabilities 154b)
Debt / Equity = 0.85 (Debt 17.1b / totalStockholderEquity, last quarter 20.0b)
Debt / EBITDA = -17.85 (Net Debt -44.7b / EBITDA 2.50b)
Debt / FCF = -20.53 (Net Debt -44.7b / FCF TTM 2.18b)
Total Stockholder Equity = 20.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.03% (Net Income 1.95b / Total Assets 189b)
RoE = 9.74% (Net Income TTM 1.95b / Total Stockholder Equity 20.0b)
RoCE = 8.07% (EBIT 2.49b / Capital Employed (Equity 20.0b + L.T.Debt 10.9b))
RoIC = 4.91% (NOPAT 1.98b / Invested Capital 40.3b)
WACC = 12.87% (E(24.2b)/V(41.3b) * Re(10.25%) + D(17.1b)/V(41.3b) * Rd(20.86%) * (1-Tc(0.21)))
Discount Rate = 10.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 6.85%
[DCF] Terminal Value 64.79% ; FCFF base≈1.35b ; Y1≈1.54b ; Y5≈2.27b
[DCF] Fair Price = 58.94 (EV 18.9b - Net Debt -44.7b = Equity 63.6b / Shares 1.08b; r=12.87% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 6.13 | EPS CAGR: 9.93% | SUE: 0.11 | # QB: 0
Revenue Correlation: 63.42 | Revenue CAGR: 7.37% | SUE: 0.71 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.43 | Chg30d=+0.31% | Revisions=-43% | Analysts=11
EPS next Quarter (2026-09-30): EPS=0.47 | Chg30d=+0.45% | Revisions=-20% | Analysts=11
EPS current Year (2026-12-31): EPS=1.82 | Chg30d=+0.08% | Revisions=+50% | GrowthEPS=+21.4% | GrowthRev=+7.2%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=-0.11% | Revisions=+23% | GrowthEPS=+17.9% | GrowthRev=+6.5%
[Analyst] Revisions Ratio: +50%