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KeyCorp (KEY)

Company Profile

Company profile

Ticker

KEY, KEY-PI, KEY-PK, KEY-PL, KEY-PJ

Exchange

Website

CEO

Mr. Christopher Marrott Gorman

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Bank of America • Citigroup • Wells Fargo & Company • U.S. Bancorp • The PNC Financial Services Group, Inc. • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial ...

Former names

KEYCORP/NEW, SOCIETY CORP

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Parent Company ...

IRS number

346542451

KEY stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$19.55

Low target

$17.00

High target

$22.00

Keefe, Bruyette & Woods

Evercore ISI Group

Wedbush

Maintains

Neutral

$18.00

24 Sep 24

Latest filings (excl ownership)

View all

KeyCorp and Scotiabank Receive Regulatory Approval To

Quarterly report

6 Nov 24

Results of Operations and Financial Condition

KeyCorp and Scotiabank Complete Initial Tranche of Strategic Minority Investment

Quarterly report

26 Jul 24

Average deposits up $1.3 billion compared to the prior quarter and the second quarter of 2023, with client deposits up 5% year-over-year

Submission of Matters to a Vote of Security Holders

Quarterly report

2 May 24

Noninterest income up 6% year-over-year and linked quarter, driven by strength in investment banking and debt placement fees

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Andrew J Paine III

Carlton L Highsmith

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

STATE STREET CORP

Richard J Tobin

Devina A Rankin

Financial summary

Financial statements Chart KEY financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from KeyCorp earnings reports.

Institutional ownership, Q3 2024

KEY institutional ownership history Ownership history

85.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	776	775	+0.1%
Opened positions	94	83	+13.3%
Closed positions	93	94	-1.1%
Increased positions	263	298	-11.7%
Reduced positions	293	256	+14.5%

13F shares	Current	Prev Q	Change
Total value	12.31 tn	10.28 tn	+19.7%
Total shares	796.88 mm	764.23 mm	+4.3%
Total puts	6.29 mm	4.87 mm	+29.3%
Total calls	9.25 mm	8.11 mm	+14.1%
Total put/call ratio	0.7	0.6	+13.3%

Largest owners	Shares	Value	Change
Vanguard	109.18 mm	$1.83 tn	-0.6%
BLK BlackRock	91.61 mm	$1.53 tn	NEW
BNS The Bank of Nova Scotia	47.93 mm	$802.77 bn	+26947.8%
STT State Street	45.94 mm	$769.55 bn	+0.1%
FMR	41.49 mm	$695.01 bn	-25.0%
T. Rowe Price	34.66 mm	$580.51 mm	+160.8%
Charles Schwab Investment Management	31.61 mm	$529.41 bn	+3.2%
Fuller & Thaler Asset Management	26.12 mm	$437.53 bn	-5.1%
Geode Capital Management	21.70 mm	$362.25 bn	-0.1%
Diamond Hill Capital Management	20.01 mm	$335.17 bn	-1.4%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-99.93 mm	EXIT
BLK BlackRock	91.61 mm	+91.61 mm	NEW
BNS The Bank of Nova Scotia	47.93 mm	+47.75 mm	+26947.8%
T. Rowe Price	34.66 mm	+21.37 mm	+160.8%
FMR	41.49 mm	-13.84 mm	-25.0%
Balyasny Asset Management	8.40 mm	+8.40 mm	NEW
Norges Bank	0.00	-7.79 mm	EXIT
Azora Capital	5.52 mm	+5.52 mm	NEW
Assenagon Asset Management	4.98 mm	+3.67 mm	+280.3%
IVZ Invesco	16.78 mm	-3.59 mm	-17.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

KEY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
8 Nov 24	Andrew J Paine III	Common Shares	Gift	Dispose G	Yes	No	0	14,249	0.00	4,265
6 Nov 24	Andrew J Paine III	Common Shares	Sell	Dispose S	No	No	19.03	66,362	1.26 mm	214,068
6 Nov 24	Andrew J Paine III	Common Shares	Option exercise	Acquire M	No	No	10.49	45,000	472.05 k	280,430
6 Nov 24	Andrew J Paine III	Common Shares	Option exercise	Acquire M	No	No	14.11	21,362	301.42 k	235,430
6 Nov 24	Andrew J Paine III	Option to Buy Common Shares	Option exercise	Dispose M	No	No	10.49	45,000	472.05 k	44,953
6 Nov 24	Andrew J Paine III	Option to Buy Common Shares	Option exercise	Dispose M	No	No	14.11	21,362	301.42 k	0
6 Nov 24	Mago Angela G	Common Shares	Sell	Dispose S	No	No	19.59	15,011	294.07 k	234,582
6 Nov 24	Mago Angela G	Common Shares	Option exercise	Acquire M	No	No	14.11	15,011	211.81 k	249,593
6 Nov 24	Mago Angela G	Option to Buy Common Shares	Option exercise	Dispose M	No	No	14.11	15,011	211.81 k	0
5 Nov 24	Highsmith Carlton L	Common Shares	Sell	Dispose S	No	No	17.14	9,000	154.26 k	37,864

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

KeyCorp Says All Required Regulatory Approvals Have Been Received For Completion Of The Bank Of Nova Scotia's Strategic Minority Investment In Key As Announced On August 12, 2024

The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024. The initial investment of 4.9% was

Peering Into KeyCorp's Recent Short Interest

Keefe, Bruyette & Woods Maintains Outperform on KeyCorp, Raises Price Target to $22

Keefe, Bruyette & Woods analyst David Konrad maintains KeyCorp (NYSE:KEY) with a Outperform and raises the price target from $19 to $22.

Piper Sandler Maintains Overweight on KeyCorp, Raises Price Target to $22

Keysight-Spirent Deal Update: Regulatory Approvals On Track, Divestment Auction Underway, Completion Expected In 2025

Press releases

From Benzinga Pro

KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.50 PERCENT

CLEVELAND, Dec. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) and its banking affiliates have lowered their prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. About

KBW Announces Index Rebalancing for Fourth-Quarter 2024

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp.

KEYCORP AND SCOTIABANK RECEIVE REGULATORY APPROVAL TO COMPLETE STRATEGIC MINORITY INVESTMENT

CLEVELAND, Dec. 13, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that all required regulatory approvals have been received for completion of The Bank of Nova Scotia's ("Scotiabank") strategic

KEYCORP TO PRESENT AT THE GOLDMAN SACHS FINANCIAL SERVICES CONFERENCE

KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

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