KeyCorp · KEY · Next earnings

KeyCorp reports Tuesday, Oct 20, 2026

KEY reports before market open with consensus EPS at $0.46 and revenue at $2.04B. Last quarter: KeyCorp Q2 2026: EPS Beats on Loan Growth, Guidance Raised, Clearwater UK Deal

Reports Before market open30 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $0.46 Calendar consensus
Consensus revenue $2.04B Calendar consensus
Report date Oct 20, 2026 Tuesday, date estimated
Session Before market open 30 days away

Where KEY left off: FY2026 Q2

Full report

KeyCorp Q2 2026: EPS Beats on Loan Growth, Guidance Raised, Clearwater UK Deal

EPS surprise +4.2% Reported $0.44 vs $0.42
Revenue surprise -0.3% Reported $1.96B vs $1.97B
Stock move -1.6% Event window
Subsequent drift -1.5% Up to 20 sessions

Management raised full-year guidance for both revenue and net interest income, an upgrade from the already raised guidance issued in Q1 2026 when NII growth was lifted to 9-10%. This quarter, management additionally targeted a net interest margin of 3.0-3.05% by year-end, supported by $9B of low-yielding fixed-rate asset repricing expected to offset deposit-cost pressure in H2. The capex outlook remains increasing, with approximately $1B allocated to technology and operations for the year. The $1.3B share repurchase program continues, with $340M executed in Q2 following $400M in Q1.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Macroeconomic uncertainty and interest-rate volatility could pressure NIM and deposit costs.
  • Modest increase in non-performing loans across real estate, consumer goods, and agriculture sectors.
  • Execution risk on deposit-growth assumptions and loan-growth pacing in H2.
  • Reliance on private-equity-driven fee revenue, which has recently underperformed expectations.

Questions analysts left open

  • Drivers behind the NIM miss and the path to achieving 3%+ margin by year-end.
  • Investment banking fee growth lagging expectations and heavy reliance on PE sponsors.
  • Sustainability of 2% deposit growth assumptions and deposit pricing stability.
  • Impact of shifting to a higher-quality, investment-grade loan mix on spreads and overall profitability.

Ask FN2 about KEY next report

Transcript, numbers and history already loaded
What should I watch for in KEY's next earnings report?How did KEY guide last quarter, and is consensus above or below that?Give me the bull and bear case going into KEY earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the KEY 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.

Recent KEY quarters

All KEY earnings
-1.6%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.