Analyst Consensus ?
ConsensusBuy39 ratings
Bullish2256.4%
Neutral1641.0%
Bearish12.6%
KeyCorp · KEY-PK · FY2026 Q1 · Calendar Q2 2026
KeyCorp raises outlook as commercial banking and fees strengthen
The current analysis supports a constructive but conditional view: commercial-loan demand, fee-based growth, raised guidance, and technology investment strengthen KeyCorp’s operating trajectory, while funding costs and credit risks could limit the upside.
Reported Before market openNYSEFinancial Services
$18.72B market cap
85quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.44
Consensus $0.41
EPS surprise
+6.4%
Reported versus consensus
Reported revenue
$1.95B
Consensus $1.94B
Revenue surprise
+0.8%
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 FY2026 Q1
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How did the market react to KEY-PK FY2026 Q1 earnings, and why?What changed in KEY-PK's guidance and outlook in FY2026 Q1?Give me the bull and bear case for KEY-PK after FY2026 Q1 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, management raised full-year net interest income and loan-growth guidance, increased the 2026 repurchase target to at least $1.3 billion, and emphasized strong commercial demand. The current analysis also highlighted a roughly $1 billion technology and AI commitment and a 38-basis-point net charge-off ratio.
Guidance delta
Management raised full-year net interest income and loan-growth guidance relative to the prior quarter.
Key takeaways
- Q1 analysis describes EPS of $0.44 and 10% revenue growth, with results above expectations.
- Commercial-loan demand and fee businesses in wealth, investment banking, and payments were highlighted as growth drivers.
- Management increased the 2026 share-repurchase target to at least $1.3 billion and plans roughly $1 billion of technology and AI investment.
- Credit quality was described as strong, while funding costs, private credit, and commercial real estate remain areas to monitor.
Management priorities
- Grow commercial lending and deepen relationships across wealth, payments, and investment banking.
- Continue hiring frontline bankers and consider small boutique acquisitions.
- Deploy technology and AI to improve client experience, credit decisioning, productivity, and risk monitoring.
- Use capital relief and balance-sheet capacity to support growth and capital returns.
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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 |
|---|---|---|---|---|
| ALLY Ally Financial Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.5% | +1.0% | Ally reports strong Q3 growth while monitoring credit quality |
| SYF-PA Synchrony Financial | FY2026 Q3 · Calendar Q4 2026 | +10.7% | — | Synchrony reaffirms FY EPS outlook as digital partnerships expand |
| SYF Synchrony Financial | FY2026 Q3 · Calendar Q4 2026 | +10.7% | -1.2% | Synchrony Maintains $9.50 EPS Guidance as Payment Rates Rise |
| SYF-PB Synchrony Financial | FY2026 Q3 · Calendar Q4 2026 | +10.7% | — | Synchrony posts record volume while payment rates pressure margins |
| COF-PI Capital One Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Capital One posts strong Q3 as Discover synergies build |
| MSCI MSCI Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +5.0% | MSCI: AI-led product momentum offsets ongoing Climate pressure |
Latest beats and misses
Who reports nextBeat on EPS
- ALLYFY2026 Q3 · October 20, 2026+1.5% EPS+1.0% move
- GMFY2026 Q3 · October 20, 2026+0.3% EPS-6.8% move
- EFXFY2026 Q3 · October 20, 2026+2.7% EPS+11.3% move
- HASFY2026 Q3 · October 20, 2026+55.9% EPS+11.2% move
- SYF-PAFY2026 Q3 · October 20, 2026+10.7% EPS— move
- SYFFY2026 Q3 · October 20, 2026+10.7% EPS-1.2% move
Missed on EPS
- AGNCMFY2026 Q3 · October 19, 2026-0.6% EPS-0.3% move
- STLDFY2026 Q3 · October 19, 2026-4.0% EPS-0.3% move
- AGNCFY2026 Q3 · October 19, 2026-0.6% EPS+4.1% move
- HDBFY2027 Q2 · October 17, 2026-2.0% EPS— move
- TFC-PIFY2026 Q3 · October 16, 2026-50.9% EPS— move
- TFC-POFY2026 Q3 · October 16, 2026-50.9% EPS— 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 · 2026-10-21T03:00:42.623008+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.