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KeyCorp Stock Research

KEY

12.11USD-0.65(-5.09%)Delayedas of 23 Mar 2023, 10:22 am

Market Summary

USD12.11-0.65
Delayedas of 23 Mar 2023, 10:22 am
-5.09%

KEY Alerts

KEY Stock Price

KEY RSI Chart

KEY Valuation

Market Cap

11.4B

Price/Earnings (Trailing)

5.92

Price/Sales (Trailing)

2.1

EV/EBITDA

4.26

Price/Free Cashflow

2.54

KEY Price/Sales (Trailing)

KEY Profitability

EBT Margin

43.11%

Return on Equity

14.25%

Return on Assets

1.01%

Free Cashflow Yield

39.36%

KEY Fundamentals

KEY Revenue

Revenue (TTM)

5.4B

Revenue Y/Y

53.67%

Revenue Q/Q

17.38%

KEY Earnings

Earnings (TTM)

1.9B

Earnings Y/Y

-37.36%

Earnings Q/Q

-27.31%

Price Action

52 Week Range

9.6123.81
(Low)(High)

Last 7 days

-32.1%

Last 30 days

-40.2%

Last 90 days

-30.1%

Trailing 12 Months

-50.2%

KEY Financial Health

Debt/Equity

1.44

Debt/Cashflow

0.23

KEY Investor Care

Dividend Yield

6.43%

Dividend/Share (TTM)

0.79

Buy Backs (1Y)

1.89%

Diluted EPS (TTM)

1.93

Peers (Alternatives to KeyCorp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
JPM
387.2B
128.7B
 -10.04% -0.72%
10.28
3.01
 5.79% -22.05%
BAC
231.7B
95.0B
 -20.08% -30.09%
8.42
2.44
 6.55% -13.92%
WFC
149.2B
54.0B
 -19.28% -21.00%
11.32
2.76
 36.10% -38.82%
USB
54.5B
17.9B
 -27.81% -32.89%
9.36
3.04
 33.05% -26.85%
PNC
53.3B
21.1B
 -22.32% -30.61%
8.73
2.53
 9.94% 6.78%
FHN
8.3B
2.7B
 -36.60% -31.85%
9.27
3.11
 24.33% -9.91%
MID-CAP
CFR
7.0B
1.5B
 -19.15% -23.26%
12.05
4.73
 46.29% 30.71%
BOKF
7.0B
1.4B
 -15.84% -11.84%
13.4
5.01
 17.98% -15.83%
ZION
4.8B
2.7B
 -41.49% -51.97%
5.26
1.76
 19.32% -19.66%
PNFP
4.4B
1.4B
 -29.93% -40.27%
7.8
3.18
 33.23% 6.34%
SMALL-CAP
PRK
2.1B
378.2M
 -5.46% -7.67%
13.94
5.47
 19.24% -3.63%
TRMK
1.6B
541.8M
 -14.17% -19.11%
22.59
3
 22.45% -51.22%
WABC
1.4B
221.8M
 -13.82% -20.18%
11.1
6.11
 27.86% 41.07%
HOPE
1.3B
716.1M
 -19.52% -33.30%
6.15
1.87
 26.40% 6.70%

Financials for KeyCorp

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue12.3%5,4124,8204,4634,3604,367
EBITDA-0.4%6,9977,0237,0207,384-
EBITDA Margin-11.3%1.29*1.46*1.57*1.69*-
Earnings Before Taxes-11.3%2,3332,6312,7753,0263,254
EBT Margin-21.0%0.43*0.55*0.62*0.69*-
Interest Expenses4.3%4,5274,3404,1604,0804,071
Net Income-10.9%1,9172,1522,2552,4512,625
Net Income Margin-20.7%0.35*0.45*0.51*0.56*-
Free Cahsflow55.5%4,4692,8741,7082,239-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.1%189,813190,051187,008181,221186,346
    Cash Equivalents23.7%887717678684913
  Goodwill0%2,7522,7522,7522,6942,693
Liabilities-0.2%176,359176,761172,581165,913168,923
  Long Term Debt5.8%19,30718,25716,61710,81412,042
Shareholder's Equity1.2%13,45413,29014,42715,30817,423
  Retained Earnings1.1%15,61615,45015,11814,79314,553
  Additional Paid-In Capital0.5%6,2866,2576,2416,2146,278
Shares Outstanding0.0%925924923--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations55.5%4,4692,8741,7082,2391,153
  Share Based Compensation4.3%120115111107104
Cashflow From Investing-16.9%-10,934-9,350-9,131-7,564-15,068
Cashflow From Financing0.1%6,4396,4307,3095,07113,737
  Dividend Payments2.3%854835827824823
  Buy Backs-100.0%0.0018.0018.0019.00559

Risks for KEY

What is the probability of a big loss on KEY?

66.2%

Probability that KeyCorp stock will be more than 20% underwater in next one year

52.3%

Probability that KeyCorp stock will be more than 30% underwater in next one year.

19.2%

Probability that KeyCorp stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does KEY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if KeyCorp was unfortunately bought at previous high price.

Drawdowns

Returns for KEY

Cumulative Returns on KEY

4.4%

10-Year Cumulative Returns

4.1%

7-Year Cumulative Returns

-7.8%

5-Year Cumulative Returns

0.5%

3-Year Cumulative Returns

What are the long-term rolling returns for KEY?

FIve years rolling returns for KeyCorp.

Annualized Returns

Which funds bought or sold KEY recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
6.64
205,297
1,492,300
 0.04%
2023-03-10
MATHER GROUP, LLC.
sold off
-100
-405,000
-
 -%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-5.57
1,905,570
72,883,600
 0.08%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-20.54
-18,164
253,836
 0.02%
2023-03-06
Rockefeller Capital Management L.P.
added
15.06
960,000
4,785,000
 0.02%
2023-02-28
Voya Investment Management LLC
added
2.21
614,891
6,141,890
 0.01%
2023-02-28
Trust Investment Advisors
reduced
-29.95
-235,853
754,147
 0.71%
2023-02-27
ST GERMAIN D J CO INC
new
-
162,198
162,198
 0.06%
2023-02-24
National Pension Service
added
2.44
2,973,630
29,244,100
 0.06%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
564
4,564
 -%

1–10 of 44

Latest Funds Activity

Are funds buying KEY calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own KEY
No. of Funds

KEY Alerts

KeyCorp News

InvestorsObserver

KeyCorp (KEY) Stock: Do Analysts Think You Should Hold?.

InvestorsObserver,
14 minutes ago

The Motley Fool

14 Bank Stocks to Buy After the Recent Silicon Valley Bank Collapse.

The Motley Fool,
41 minutes ago

Best Stocks

Wedge Capital Management L L P NC acquires 239,497 KeyCorp ....

Best Stocks,
7 hours ago

TRT World

US stocks slump on Fed's rate hike amid banking crisis.

TRT World,
15 hours ago

Barchart

Stocks Fall As Powell And Yellen Disappoint.

Barchart,
17 hours ago

PR Newswire

KEYCORP RAISES ITS PRIME LENDING RATE TO 8.00 PERCENT.

PR Newswire,
18 hours ago

MarketBeat

Wedge Capital Management L L P NC Buys 239497 Shares of ....

MarketBeat,
25 hours ago

InvestorsObserver

Premarket Mover: KeyCorp (KEY) Up 0.86%.

InvestorsObserver,
26 hours ago

Barron's

Tesla, First Republic, Coinbase, Harley, and More Stock Market Movers.

Barron's,
41 hours ago

StreetInsider.com

Midday movers: First Republic, Tesla, Foot Locker and more.

StreetInsider.com,
43 hours ago

Nasdaq

Tuesday Sector Leaders: Energy, Financial.

Nasdaq,
43 hours ago

InvestorPlace

7 Dividend Stocks to Avoid -- and What to Buy Instead.

InvestorPlace,
45 hours ago

Yahoo Finance

Stock market today: Dow rides cooling banking jitters higher; Fed decision eyed.

Yahoo Finance,
45 hours ago

CNBC

Stocks making the biggest moves midday: Tesla, First Republic, KeyCorp, UBS and more.

CNBC,
45 hours ago

TheStreet

Good Boy, Banks! Have A Nice Little Treat ....

TheStreet,
46 hours ago

RealMoney

As Yellen Speaks About the Banking System, Is It Tradable?.

RealMoney,
2 days ago

Schedule 13G FIlings of KeyCorp

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital international investors
5.5%
51,183,937
SC 13G/A
Feb 09, 2023
vanguard group inc
11.81%
110,209,070
SC 13G/A
Feb 08, 2023
state street corp
5.37%
50,136,323
SC 13G/A
Feb 07, 2023
blackrock inc.
8.7%
81,365,271
SC 13G/A
Feb 11, 2022
capital international investors
8.9%
83,201,801
SC 13G/A
Feb 11, 2022
state street corp
5.78%
53,774,552
SC 13G/A
Feb 10, 2022
vanguard group inc
11.81%
109,923,407
SC 13G/A
Feb 01, 2022
blackrock inc.
9.0%
83,634,140
SC 13G/A
Feb 16, 2021
capital international investors
7.0%
68,653,795
SC 13G
Feb 10, 2021
vanguard group inc
11.11%
108,446,804
SC 13G/A

KEY Fair Value

KeyCorp fair value in different scenarios

The table shows the Fair Value estimates for KeyCorp for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

4.72

-61.02%

9.36

-22.71%

20.02

65.32%

40.01

230.39%

55.96

362.10%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical KeyCorp Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of KeyCorp

View All Filings
Date Filed Form Type Document
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
8-K
Current Report
Mar 14, 2023
4
Insider Trading
Mar 06, 2023
8-K
Current Report
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading

Latest Insider Trading transactions for KEY

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-10
Brady Amy G.
sold
-701,100
15.58
-45,000
chief information officer
2023-02-24
Gorman Christopher M.
sold (taxes)
-159,677
18.32
-8,716
chairman and ceo
2023-02-24
Brady Amy G.
acquired
-
-
68,468
chief information officer
2023-02-24
Brady Amy G.
sold (taxes)
-596,774
18.32
-32,575
chief information officer
2023-02-24
Midkiff Mark W
acquired
-
-
6,606
chief risk officer
2023-02-24
Khayat Clark H
sold (taxes)
-34,936
18.32
-1,907
chief strategy officer
2023-02-24
Schosser Douglas M
sold (taxes)
-11,688
18.32
-638
chief accounting officer
2023-02-24
Midkiff Mark W
sold (taxes)
-54,886
18.32
-2,996
chief risk officer
2023-02-24
Gorman Christopher M.
acquired
-
-
19,219
chairman and ceo
2023-02-24
Schosser Douglas M
acquired
-
-
2,102
chief accounting officer

1–10 of 50

About KeyCorp

Christopher M. Gorman
www.key.com
18415
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, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

KEY Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME   
Loans$ 4,241$ 3,532$ 3,866
Loans held for sale565069
Securities available for sale752546484
Held-to-maturity securities213185222
Trading account assets311920
Short-term investments972818
Other investments2276
Total interest income5,4124,3674,685
INTEREST EXPENSE   
Deposits27967347
Federal funds purchased and securities sold under repurchase agreements4106
Bank notes and other short-term borrowings90812
Long-term debt475221286
Total interest expense885296651
NET INTEREST INCOME4,5274,0714,034
Provision for credit losses502(418)1,021
Net interest income after provision for credit losses4,0254,4893,013
NONINTEREST INCOME   
Trust and investment services income526530507
Investment banking and debt placement fees638937661
Service charges on deposit accounts350337311
Operating lease income and other leasing gains103148167
Corporate services income372288213
Cards and payments income341415368
Corporate-owned life insurance income132128139
Consumer mortgage income58131176
Commercial mortgage servicing fees16716080
Other income[1]3112030
Total noninterest income2,7183,1942,652
NONINTEREST EXPENSE   
Personnel2,5662,5612,336
Net occupancy295300298
Computer processing314284232
Business services and professional fees212227196
Equipment92100100
Operating lease expense101126138
Marketing12312697
Other expense707705712
Total noninterest expense4,4104,4294,109
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES2,3333,2541,556
Income taxes422642227
INCOME (LOSS) FROM CONTINUING OPERATIONS1,9112,6121,329
Income (loss) from discontinued operations61314
NET INCOME (LOSS)1,9172,6251,343
Less: Net income (loss) attributable to noncontrolling interests000
NET INCOME (LOSS) ATTRIBUTABLE TO KEY1,9172,6251,343
Income (loss) from continuing operations attributable to Key common shareholders1,7932,5061,223
Net income (loss) attributable to Key common shareholders$ 1,799$ 2,519$ 1,237
Per Common Share:   
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share)$ 1.94$ 2.64$ 1.26
Income (loss) from discontinued operations, net of taxes (in dollars per share)0.010.010.01
Net income (loss) attributable to Key common shareholders (in dollars per share)[2]1.942.651.28
Per Common Share — assuming dilution:   
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share)1.922.621.26
Income (loss) from discontinued operations, net of taxes (in dollars per share)0.010.010.01
Net income (loss) attributable to Key common shareholders (in dollars per share)[2]$ 1.93$ 2.63$ 1.27
Weighted-average common shares outstanding (in shares)924,363947,065967,783
Effect of convertible preferred stock (in shares)000
Effect of common share options and other stock awards (in shares)8,69610,3497,024
Weighted-average common shares and potential common shares outstanding (in shares)[3]933,059957,414974,807
[1]Net securities gains (losses) totaled $(9) million for the year ended December 31, 2022, $7 million for the year ended December 31, 2021, and $4 million for the year ended December 31, 2020. For 2022, 2021, and 2020, we did not have any impairment losses related to securities.
[2]EPS may not foot due to rounding.
[3]Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.

KEY Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Cash and due from banks$ 887$ 913
Short-term investments2,43211,010
Trading account assets829701
Securities available for sale39,11745,364
Held-to-maturity securities (fair value: $8,113 and $7,665)8,7107,539
Other investments1,308639
Loans, net of unearned income of $368 and $373119,394101,854
Allowance for loan and lease losses(1,337)(1,061)
Net loans118,057100,793
Loans held for sale[1]9632,729
Premises and equipment636681
Goodwill2,7522,693
Other intangible assets94130
Corporate-owned life insurance4,3694,327
Accrued income and other assets9,2238,265
Discontinued assets436562
Total assets189,813186,346
Deposits in domestic offices:  
NOW and money market deposit accounts86,70789,207
Savings deposits7,6817,503
Certificates of deposit ($100,000 or more)1,7081,705
Other time deposits5,6652,153
Total interest-bearing deposits101,761100,568
Noninterest-bearing deposits40,83452,004
Total deposits142,595152,572
Federal funds purchased and securities sold under repurchase agreements4,077173
Bank notes and other short-term borrowings5,386588
Accrued expense and other liabilities4,9943,548
Long-term debt19,30712,042
Total liabilities176,359168,923
EQUITY  
Preferred stock2,5001,900
Common Shares, $1 par value; authorized 2,100,000,000 and 2,100,000,000 shares; issued 1,256,702,081 and 1,256,702,081 shares1,2571,257
Capital surplus6,2866,278
Retained earnings15,61614,553
Treasury stock, at cost (323,377,500 and 327,852,311 shares)(5,910)(5,979)
Accumulated other comprehensive income (loss)(6,295)(586)
Total equity13,45417,423
Total liabilities and equity$ 189,813$ 186,346
[1]Total loans held for sale include Real estate — residential mortgage loans held for sale at fair value of $24 million at December 31, 2022, and $281 million at December 31, 2021