KeyCorp (KEY) stock
Financials · Regional Banks
KeyCorp (KEY) is a Regional Banks company in the Financials sector, headquartered in Cleveland, Ohio. As of October 23, 2026, KEY closed at $21.08, a market capitalization of $22.50 billion, the 382nd largest company in the S&P 500. Over the last twelve months it generated $7.58 billion in revenue (+12% year over year) and $1.20 billion in free cash flow. The stock trades at 12.3x trailing earnings and 9.7x forward earnings.
- 1-year total return: +25.3% (dividends reinvested)
- 5-year return: +2.3% a year
- 52-week range: $16.91 – $24.07
- Gross margin 0.0%, operating margin 37.4%
- Dividend yield: 3.89%
- FI Handbook report card: C+ across 9 metrics
- 65th largest of 76 Financials stocks in the S&P 500
KEY price chart
1Y price change: +20.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| KEY | +4.2% | +5.2% | +25.3% | +35.0% | +2.3% | +9.4% | +7.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1987.
KEY key statistics
- Market cap
- $22.5B
- #382 in S&P 500
- P/E (TTM)
- 12.3x
- Forward P/E
- 9.7x
- EPS (TTM)
- $1.72
- Revenue (TTM)
- $7.6B
- +12%
- Free cash flow
- $1.2B
- Gross margin
- 0.0%
- Operating margin
- 37.4%
- Return on equity
- 11.2%
- Dividend yield
- 3.89%
- 52-week range
- $16.91 – $24.07
- Beta
- 1.09
- Price / sales
- 3.0x
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- 17,562
KEY report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth11.5%B
- Gross margin0.0%F
- Operating margin37.4%A
- FCF margin15.8%B
- Return on equity11.2%C
- Net debt / EBITDA——
- Forward P/E9.7xA
- PEG ratio1.3xB
- Shareholder yield3.9%B
- Share count change / yr2.6%F
KeyCorp financials
Revenue went from $5.0B in fiscal 2016 to $1.7B in fiscal 2025, shrinking 11.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B | $6.3B | $1.3B | $1.3B | $1.4B | $1.8B | $1.6B | $1.4B | $1.6B | $1.7B |
| Net income | $791.0M | $1.3B | $1.9B | $1.7B | $1.3B | $2.6B | $1.9B | $967.0M | -$161.0M | $1.8B |
| EPS (diluted) | $0.80 | $1.13 | $1.71 | $1.62 | $1.27 | $2.63 | $1.93 | $0.88 | $-0.32 | $1.52 |
| Free cash flow | $1.5B | $1.7B | $2.4B | $2.8B | $1.6B | $1.1B | $4.4B | $2.8B | $599.0M | $2.1B |
| Buybacks | $140.0M | $664.0M | $1.1B | $835.0M | $134.0M | $585.0M | $0 | $0 | — | — |
| Dividends paid | $335.0M | $480.0M | $656.0M | $804.0M | $829.0M | $823.0M | $854.0M | $911.0M | $927.0M | $1.1B |
| Diluted shares | 938.5M | 1.1B | 1.1B | 1.0B | 974.8M | 957.4M | 933.1M | 932.8M | 949.6M | 1.1B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into KEY?
A reverse DCF asks what growth the current price requires. With an enterprise value of $36.7B and $1.2B of trailing free cash flow, KeyCorp needs to grow free cash flow about 21.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 5.5% a year over the last five years.
P/E ratio history
Current 13.9x vs. median 13.7x (10th–90th percentile 6.7x–20.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
KEY dividend
- Dividend yield
- 3.89%
- Annual dividend
- $0.82
- Years of increases
- —
- 5-yr dividend growth
- 2.1%
- per year
- Payout ratio
- 48%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
KEY analyst price targets
20 analysts' average 12-month target is $25.11 (+19% vs. $21.08). Targets range from $22.00 to $43.00. 60% rate it a buy.
KEY earnings
Next report: January 20, 2027. KeyCorp has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 20, 2026 | $0.46 | $0.51 | +10.4% |
| Jul 21, 2026 | $0.42 | $0.44 | +4.4% |
| Apr 16, 2026 | $0.41 | $0.44 | +8.0% |
| Jan 20, 2026 | $0.39 | $0.41 | +6.3% |
| Oct 16, 2025 | $0.38 | $0.41 | +7.6% |
| Jul 22, 2025 | $0.34 | $0.35 | +1.9% |
| Apr 17, 2025 | $0.32 | $0.33 | +4.0% |
| Jan 21, 2025 | $0.33 | $0.38 | +16.7% |
Stocks like KEY
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 FITB Fifth Third Bancorp | -0.47% | +30% | $48.0B | 17.8x | Compare |
 MTB M&T Bank | -0.53% | +26% | $32.0B | 11.7x | Compare |
 HBAN Huntington Bancshares Incorpora | +0.45% | +3% | $31.8B | 12.1x | Compare |
 CFG Citizens Financial | -0.15% | +32% | $27.4B | 14.2x | Compare |
 RF Regions Financial | +0.25% | +23% | $24.3B | 11.2x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
 JPM JP Morgan Chase | -1.47% | +15% | $880.5B | 13.9x | Compare |
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
KEY news
- KEY vs. NTRS: Which Stock Should Value Investors Buy Now? · Oct 23, 2026
- KeyCorp (KEY) Stock Ignores Q3 Earnings Strength As Margin Story Improves · Oct 22, 2026
- Scotiabank announces Expected Contribution from KeyCorp's Third Quarter Earnings and the impact of Deferred Tax asset write-down from the Chile tax rate reduction, on its fourth quarter earnings · Oct 21, 2026
- KEY Q3 Deep Dive: Deposit Growth and Commercial Lending Drive Revenue Momentum · Oct 21, 2026
- KeyCorp: 3 Key Takeaways for Long-Term Investors · Oct 20, 2026
KEY stock FAQ
What is KEY's market cap?
KeyCorp's market capitalization is $22.50 billion as of October 23, 2026, ranking 382nd in the S&P 500.
What is KEY's P/E ratio?
KEY trades at a trailing price-to-earnings ratio of 12.3x and a forward P/E of 9.7x. Its median P/E over the period we track is 13.7x.
Does KEY pay a dividend?
Yes. KeyCorp pays $0.82 per share a year, a 3.89% yield. Dividends grew 2.1% a year over the last five years.
How much has KEY stock returned?
Including reinvested dividends, KEY returned +25.3% over one year, +2.3% a year over five years, +9.4% a year over ten years through October 23, 2026.
Is KEY stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies KeyCorp must grow free cash flow about 21% a year for the next decade. Its free cash flow grew 5% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the KEY price target?
20 analysts cover KEY with an average 12-month price target of $25.11, +19% from the current price. 60% of them rate it a buy.
When does KEY report earnings?
KeyCorp is expected to report earnings on January 20, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does KeyCorp have?
KeyCorp has about 17,562 full-time employees, or $431,329 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology