KEY
FY2026 Q2 · Calendar Q3 2026
KeyCorp
KeyCorp delivered a second consecutive quarter of earnings beats, with Q2 2026 EPS of $0.44 (up 26% YoY) and revenue up 7% YoY, driven by robust commercial loan growth and expanding fee-based businesses. Management raised full-year revenue and net interest income guidance for the second straight quarter, targeting a net interest margin of 3.0-3.05% by year-end, and announced the strategic acquisition of Clearwater UK to extend its middle-market advisory franchise into Europe. Despite the beat, the market reaction was negative: the stock posted a 2.4% abnormal decline on the report session and continued to drift lower, reflecting analyst concerns about the NIM coming in below the 3% target, deposit growth assumptions, and reliance on private-equity-driven fee revenue. At $22.61, the stock trades at an 11% discount to the $25.44 consensus target, suggesting the market awaits proof that…
EPS surprise+4.2%
Market move-1.6%
