Analyst Consensus ?
ConsensusBuy39 ratings
Bullish2256.4%
Neutral1641.0%
Bearish12.6%
KeyCorp · KEY-PK · FY2025 Q4 · Calendar Q1 2026
KeyCorp posts strong Q4 as loan and fee growth support 2026 outlook
KeyCorp's Q4 analysis supports a constructive but conditional view: management paired strong loan and fee-based momentum with maintained 2026 growth targets. The thesis depends on C&I growth, fee businesses, technology-driven efficiency, and stable credit and funding conditions; the supplied analysis does not establish a prior-quarter trend or a market reaction.
Reported Before market openNYSEFinancial Services
$18.72B market cap
75quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.43
Consensus $0.39
EPS surprise
+11.1%
Reported versus consensus
Reported revenue
$2.00B
Consensus $1.96B
Revenue surprise
+2.2%
Reported versus consensus
Market reaction
unavailable
Stock move
—
Event window
SPY move
—
Same window
Abnormal move
—
Stock minus SPY
Volume
—
Versus trailing sessions
Subsequent drift
—
Up to 20 sessions
Price and volume data were unavailable at publication time.
Ask FN2 about KEY-PK FY2025 Q4
Transcript, numbers and history already loaded
How did the market react to KEY-PK FY2025 Q4 earnings, and why?What changed in KEY-PK's guidance and outlook in FY2025 Q4?Give me the bull and bear case for KEY-PK after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The supplied analysis highlighted a planned $300 million of share repurchases in Q1 2026 and $1.2 billion for the full year, increased technology and AI spending to $1 billion, and a deliberate limit on specialty-finance portfolio growth. It also identified a 15% or higher return-on-tangible-equity target by year-end 2027.
Guidance delta
Management maintained its outlook, including approximately 7% 2026 revenue growth, 8-10% net interest income growth, and expense growth below revenue growth.
Key takeaways
- Management described record 2025 revenue, strong loan growth, and operating leverage above expectations.
- The growth plan emphasizes C&I lending, investment banking, wealth management, commercial payments, and technology.
- Management cited improving credit quality, with net charge-offs stable around 40-41 basis points.
- Capital returns remain a priority, with planned share repurchases and dividends alongside CET1 management.
- AI and technology investment is intended to improve efficiency, including call-center and loan-underwriting processes.
Management priorities
- Expand C&I lending and remix lower-yielding consumer loans toward higher-yielding commercial assets.
- Grow fee-based investment banking, wealth-management, and commercial-payments businesses.
- Continue hiring frontline bankers and expanding talent across key businesses.
- Scale home-equity capabilities as consumer-mortgage balances run off.
- Deploy technology and AI while managing capital returns and the CET1 ratio.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Oct 4, 2023 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Oct 3, 2023 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 26, 2023 |
| Piper Sandler | Overweight | Neutral | Upgrade | Sep 14, 2023 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 23, 2023 |
| Citigroup | Buy | Buy | Maintain | Jul 23, 2023 |
| Argus Research | Buy | Buy | Maintain | Jul 23, 2023 |
| Wedbush | Neutral | Neutral | Maintain | Jul 20, 2023 |
| Wells Fargo | Overweight | Overweight | Maintain | Jun 12, 2023 |
| RBC Capital | Outperform | Outperform | Maintain | Jun 12, 2023 |
| Odeon Capital | Buy | Hold | Upgrade | May 21, 2023 |
| DA Davidson | Buy | Buy | Maintain | Apr 20, 2023 |
| Baird | Outperform | Neutral | Upgrade | Mar 9, 2023 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Mar 7, 2023 |
| Barclays | Equal Weight | Underweight | Upgrade | Jan 2, 2023 |
| Deutsche Bank | Hold | Hold | Maintain | Sep 11, 2022 |
| Jefferies | Hold | Hold | Maintain | Jul 10, 2022 |
| Credit Suisse | Outperform | Neutral | Upgrade | Feb 7, 2022 |
| B of A Securities | Buy | Underperform | Upgrade | Dec 14, 2021 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Oct 21, 2021 |
| UBS | Neutral | Buy | Downgrade | May 3, 2020 |
| Nomura | Neutral | Neutral | Maintain | Apr 6, 2020 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 23, 2019 |
| Standpoint Research | Buy | Hold | Upgrade | Oct 11, 2018 |
| Mizuho | Overweight | Overweight | Maintain | Jul 23, 2018 |
| Susquehanna | Positive | Neutral | Upgrade | Apr 23, 2018 |
| Bernstein | Outperform | Market Perform | Upgrade | Sep 13, 2017 |
| Rafferty Capital | Buy | Hold | Upgrade | Oct 24, 2016 |
| FBR Capital | Outperform | Market Perform | Upgrade | Jul 10, 2016 |
| Macquarie | Outperform | Outperform | Maintain | Nov 1, 2015 |
| Wunderlich Securities | Buy | Buy | Maintain | Jul 16, 2015 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Jun 28, 2015 |
| IBERIA Capital Partners | Sector Perform | Outperform | Downgrade | Jul 17, 2014 |
| Compass Point | Buy | Buy | Maintain | Apr 20, 2014 |
| BTIG | Neutral | Buy | Downgrade | May 14, 2013 |
| Stifel | Sell | Hold | Downgrade | Feb 10, 2013 |
| Sterne Agee | Neutral | Neutral | Maintain | Jan 27, 2013 |
| CLSA | Outperform | Sell | Upgrade | Jan 22, 2013 |
| Oppenheimer | Outperform | Perform | Upgrade | Jan 8, 2013 |
Named analyst price targets
Upside is unavailable because neither a positive current snapshot nor previous close is persisted. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| D.A. Davidson | Analyst unavailable | $20 | $22.13 | - | Dec 21, 2022 |
| J.P. Morgan | Analyst unavailable | $17 | $23.36 | - | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $22 | $23.82 | - | Dec 5, 2022 |
| Deutsche Bank | Analyst unavailable | $23 | $23.33 | - | Sep 12, 2022 |
| Barclays | Analyst unavailable | $24 | $24.92 | - | Jul 22, 2022 |
| Morgan Stanley | Analyst unavailable | $23 | $24.93 | - | Jul 22, 2022 |
| Citigroup | Analyst unavailable | $19 | $25.5 | - | Jul 12, 2022 |
| Morgan Stanley | Analyst unavailable | $21 | $25.2 | - | Jul 12, 2022 |
| Jefferies | Analyst unavailable | $18 | $25.33 | - | Jul 11, 2022 |
| J.P. Morgan | Analyst unavailable | $20.5 | $24.64 | - | Jul 1, 2022 |
| Wells Fargo | Analyst unavailable | $22 | $24.48 | - | Jul 1, 2022 |
| Goldman Sachs | Analyst unavailable | $23 | $25.54 | - | May 31, 2022 |
| Wolfe Research | Analyst unavailable | $17 | $25.4 | - | May 26, 2022 |
Track every rating change on KEY-PK the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationKeyCorp 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.…
Historical context
All KEY-PK earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| EWBC East West Bancorp, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.5% | +2.2% | EWBC: Record Q3 Results, Higher NII Guidance |
| COF Capital One Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +21.6% | +0.9% | Capital One posts Q3 beat as synergies and credit trends strengthen |
| KEY-PL KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | — | KeyCorp posts strong Q3 as deposits and commercial demand rise |
| KEY-PJ KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | — | KeyCorp reports record revenue as deposits and commercial lending strengthen |
| KEY-PI KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | — | KeyCorp posts record Q3 as deposits and commercial lending accelerate |
| KEY KeyCorp | FY2026 Q3 · Calendar Q4 2026 | +10.5% | +4.5% | KeyCorp Q3 revenue tops $2 billion as deposits and utilization strengthen |
Latest beats and misses
Who reports nextBeat on EPS
- EWBCFY2026 Q3 · October 20, 2026+1.5% EPS+2.2% move
- COFFY2026 Q3 · October 20, 2026+21.6% EPS+0.9% move
- HALFY2026 Q3 · October 20, 2026+2.7% EPS+1.8% move
- RTXFY2026 Q3 · October 20, 2026+27.0% EPS+0.6% move
- MMMFY2026 Q3 · October 20, 2026+5.0% EPS+5.8% move
- GPCFY2026 Q3 · October 20, 2026+1.5% EPS-5.1% move
Missed on EPS
- PACFY2026 Q3 · October 20, 2026-2.2% EPS+7.1% move
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCLFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- AGNCOFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
- AGNCPFY2026 Q3 · October 19, 2026-0.6% EPS0.0% move
- AGNCMFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
Get the KEY-PK recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-21T10:00:45.999914+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-21. For educational purposes only; not investment advice.