3 stories mentioning KEYUpdated 10d ago
Every FINWIRES story that references KEY, newest first.
Elizabeth R. Gile, Director, on June 03, 2026, sold 23,946 shares in Keycorp (KEY) for $499,992. Following the Form 4 filing with the SEC, Gile has control over a total of 21,255 common shares of the company, with 21,255 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91576/000148731126000003/xslF345X05/wk-form4_1780689781.xml
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $1 to $24, 10.9x our 2027 EPS estimate, a premium to KEY's five-year forward P/E average of 10.7x given healthy investment banking expectations and a rising net interest margin. We raise our 2026 EPS by $0.03 to $1.87 and increase 2027's by $0.06 to $2.20. Our revenue projections are $8.1 billion and $8.6 billion, respectively. While macroeconomic conditions remain uncertain, KEY's credit quality is improving across both forward-looking and historical metrics. The regulatory outlook is also favorable, with KEY expecting the proposed Basel III revisions to boost its CET1 ratio by over 100 bps. This, combined with an above-average CET1 ratio of 11.4% in Q1, positions KEY well to increase share repurchases. However, despite net interest margin expansion (+5 bps Q/Q, +29 bps Y/Y), we remain doubtful about KEY's ability to sustain long-term growth. Notably, the bank's 1% sequential loan growth was offset by a 2% decline in deposits.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KeyCorp (KEY) posted solid Q1 2026 results with operating EPS of $0.44 vs. $0.33 a year ago, beating consensus by $0.03. Revenue of $1.95B beat consensus by 1% but declined 3% sequentially, with investment banking fees of $197M showing 13% Y/Y growth despite 19% Q/Q decline due to seasonality. The strong performance reflects successful execution of KEY's turnaround strategy, driven by net interest margin expansion and improved operational efficiency. Management maintains its goal of achieving 15%+ return on tangible common equity by year-end 2027. Net interest income grew 11% Y/Y as net interest margin expanded 29 basis points to 2.87%, benefiting from deposit beta management and reinvestment of low-yielding securities. Credit quality remained healthy with net charge-offs at 38 basis points and a strong allowance coverage ratio of 1.60%. KEY accelerated capital deployment with $389M in share repurchases while maintaining a robust CET1 ratio of 11.4%, and ROTCE improved 59 basis points Q/Q to 13.0%.