KeyCorp (KEY)
Fair ValueFundamental
50
Price
$21.08
Market Cap
$22.44B
Part 1 · What the company is worth
Overview
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 and investment products; personal finance and financial wellness, lending, student loan refinancing, mortgage and home equity, credit card, treasury, and business advisory; commercial leasing, investment management, consumer finance; and wealth management and investment services for institutional, non-profit, and high-net-worth clients. It also provides lending, cash management, equipment financing, and commercial mortgage loans; and capital market products and services, such as syndicated finance, debt and equity underwriting, fixed income and equity sales and trading, derivatives, foreign exchange, mergers and acquisition, other advisory services, and public finance to large corporate and institutional clients. In addition, the company offers personal and institutional trust custody services, personal financial and planning services, access to mutual funds, treasury services, and international banking services. Further, it provides community development financing, securities underwriting, brokerage, and investment banking services, as well as merchant services. The company was founded in 1849 and is headquartered in Cleveland, Ohio.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated with artificial intelligence on September 19, 2026, shared with all users
Ohio-headquartered regional bank that overlaps with KeyBank across the Great Lakes for the same retail deposit customers and middle-market commercial borrowers.
Competes branch-by-branch with KeyBank in Ohio and the Midwest and pitches the same commercial lending, treasury management and wealth services to mid-sized companies.
Regional bank of comparable size whose Northeast and Mid-Atlantic retail and commercial franchise competes directly with KeyBank's eastern footprint.
Pittsburgh-based bank that covers most of KeyBank's markets and targets the same middle-market corporate clients with lending and capital-markets services.
Northeast regional bank competing with KeyBank for deposits, commercial real estate lending and small-business relationships in New York and New England.
Larger Midwest and Pacific Northwest bank whose branch network and commercial banking business overlap with KeyBank's across much of its 15-state footprint.
Balance Sheet & Liquidity
Revenue
$7.48B
Fiscal year ended 12/31/2025
Net Income
$1.83B
Fiscal year ended 12/31/2025
Free Cash Flow
$2.10B
Total Equity
$20.38B
Total Liabilities
$164.00B
Current Ratio
-
Interest Coverage
0.50
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$19.75
Current Price
$21.08
Margin of Safety
-6.7%
Fair Value Range
$16.30 - $23.20
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
13.84
ROE
9.0%
P/B Ratio
1.14
P/FCF
18.76
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
12.3%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (11)
- P/FCF 18.76
- P/B ratio 1.14
- Operating margin 30.8%
- Positive free cash flow
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- ROE 10.9%
- Earnings surprise, average 5.6%
- Earnings quality (operating cash flow / net income) 1.21
- Piotroski F-Score 6/9
Failed (10)
- EPS shows upward trend
- EPS CAGR -2.32%
- Price CAGR 0.80%
- Debt/equity ratio
- Interest coverage
- Return on tangible assets
- DCF valuation (Fairly Valued)
- Revenue growth 5Y 4.3%
- PEG ratio 2.88
- Share dilution 139.2%
Unavailable (6)
- ROIC –
- Gross margin –
- Dividend payout –
- Current ratio
- Debt/EBITDA
- Net margin trend (invalid data)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Christopher Marrott Gorman | Chairman, President & CEO | 64 |
| Mr. Clark Harold Ibrahim Khayat J.D. | Chief Financial Officer | 53 |
| Mr. Andrew Jackson Paine III | Head of Institutional Banking & President of Key Institutional Bank | 55 |
| Mr. Mohit Ramani | Chief Risk Officer | 51 |
| Ms. Stacy L. Gilbert | Chief Accounting Officer | 53 |
| Mr. James L. Waters J.D. | General Counsel & Corporate Secretary | 58 |
| Ms. Susan E. Donlan | Chief Communications Officer | - |
| Ms. Angela G. Mago | Chief Human Resources Officer | 59 |
| Ms. Katrina M. Evans | Chief of Staff & Director of Corporate Center | 60 |
| Mr. Kenneth C. Gavrity | Head of Commercial Banking | 48 |
Audit Risk
3
Board Risk
7
Compensation Risk
8
Shareholder Rights Risk
2
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-23
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-04
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-20
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much KEY moves, measured on its daily prices.
More volatile than 9% of the tracked stocks (90-day volatility).
- Volatility 30d
- 23.5%
- Volatility 90d
- 20.9%
- Beta vs S&P 500 (1y)
- 0.74Correlation 0.41
- Max drawdown (12m)
- -18.6%
- ATR (14d, % of price)
- 1.98%
Earnings reactions
How KEY moved around its past quarterly results.
Next earnings release
Jan 20, 2027 · In 88 days · Before the open
EPS estimate: 0.50Revenue estimate: $2.1B
What usually happens
- Over the last 12 releases the stock moved a median of 2.4% the next day, up or down.
- Next-day moves: up 4, down 8 (out of 12).
- Of the 5 releases that beat estimates, the stock fell the next day after 3.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 20, 2026 | Before the open | 0.46 | 0.51 | +10.4% | +0.6% | +4.5% | n/a |
| Jul 21, 2026 | Before the open | 0.43 | 0.44 | +3.1% | -2.0% | -1.6% | -3.5% |
| Apr 16, 2026 | Before the open | 0.42 | 0.44 | +5.8% | +0.2% | +0.5% | +2.2% |
| Jan 20, 2026 | Before the open | 0.39 | 0.41 | +4.9% | -2.9% | -0.4% | +0.6% |
| Oct 16, 2025 | Before the open | 0.39 | 0.41 | +6.1% | -3.2% | -5.4% | -1.5% |
| Jul 22, 2025 | Before the open | n/a | n/a | n/a | +1.2% | +2.4% | +0.9% |
| Apr 17, 2025 | Before the open | n/a | n/a | n/a | +3.1% | +1.4% | +5.7% |
| Jan 21, 2025 | Before the open | n/a | n/a | n/a | -4.7% | -3.6% | -3.5% |
| Oct 17, 2024 | Before the open | n/a | n/a | n/a | -2.8% | -2.5% | -3.5% |
| Jul 18, 2024 | Before the open | n/a | n/a | n/a | -2.2% | -4.0% | -2.6% |
| Apr 18, 2024 | Before the open | n/a | n/a | n/a | -0.9% | -0.3% | +3.5% |
| Jan 18, 2024 | Before the open | n/a | n/a | n/a | -2.8% | -4.6% | +4.3% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on KEY and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for KEY.