KeyCorp (KEY)

KeyCorp's stock price has seen an increase of 17.31% between July 22, 2024, and July 18, 2025. KeyCorp reported net income from continuing operations of $370 million, or $0.33 per diluted common share for the first quarter of 2025. UBS upgraded KeyCorp from Neutral to Buy on July 8, 2025. Baird upgraded KeyCorp from Neutral to Outperform on April 7, 2025. Citigroup upgraded KeyCorp from Neutral to Buy on March 10, 2025. The company's net interest income in Q4 2024 benefited from securities repositioning. KeyCorp declared a quarterly dividend of $0.205 per Common Share.

Demand for KeyCorp's products and services can be influenced by economic cycles and interest rate changes. A worsening U.S. economy, volatile conditions, or a recession can negatively affect demand for products and services. Conversely, a shift from net interest income headwinds to tailwinds and strategic deposit cost management are expected to enhance revenue growth and profitability. Business services and professional fees, marketing, and other expenses can also be impacted by seasonality.

KeyCorp is a bank-based financial services company headquartered in Cleveland, Ohio, operating primarily through its subsidiary, KeyBank National Association. It operates with two main business segments: Key Community Bank and Key Corporate Bank, offering a comprehensive range of financial products and services to individual, corporate, and institutional clients. KeyBank's notable brand, Laurel Road, provides digital banking services, specifically catering to healthcare professionals. The Commercial Bank segment focuses on middle-market and large corporate clients across various sectors. KeyCorp is categorized within the Financial Services sector and the Banks - Regional industry.

KeyCorp's operations are primarily concentrated in 15 states across the Midwest and Northeast United States, with a strong presence in Ohio, New York, Massachusetts, and Colorado. As of December 31, 2024, the company maintained 944 full-service retail banking branches and a network of 1,182 ATMs. As of March 31, 2025, KeyCorp had approximately 1,000 full-service branches and over 40,000 KeyBank and Allpoint ATMs nationwide. While its consumer banking is focused on these 15 states, its commercial banking offices extend across the U.S. KeyCorp's geographic diversification is considered limited, making it potentially vulnerable to regional economic downturns.

KeyCorp's brand reputation in the past year appears to be focused on its commitment to responsible corporate citizenship and community engagement. KeyBank has strengthened relationships with Black faith leaders to deliver more impactful solutions and programs in communities. KeyCorp has introduced new products and services to assist clients with homeownership. KeyBank is committed to sustainability, investing in renewable energy, reducing its environmental footprint, and supporting clients in their environmental journeys. The financial services industry, including KeyCorp, faced the effects of three of the largest bank failures in U.S. history in spring 2023, and navigated a dynamic economy. Financial services companies like KeyCorp face increasing criticism from social and environmental activists regarding business with clients perceived as harmful to communities or the environment.

KeyCorp's ownership is primarily institutional, with approximately 71.54% to 87.66% held by institutional shareholders. Individual investors hold around 12.56% to 22.06%, and insiders hold about 15.19% to 15.90%. Major institutional owners of KeyCorp include Bank Of Nova Scotia, Vanguard Group Inc, and BlackRock, Inc. The Bank of Nova Scotia is also listed as the largest individual KeyCorp shareholder, owning 162.98 million shares, representing 14.87% of the company.