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Keycorp (KEY)

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $170.3 billion at December 31, 2020. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,000 branches and approximately 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Company profile

Ticker
KEY, KEY-PK, KEY-PJ, KEY-PI
Exchange
Website
CEO
Christopher Gorman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
KEYCORP/NEW, SOCIETY CORP
SEC CIK
Subsidiaries
Parent Company ...
IRS number
346542451

KEY stock data

Calendar

4 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 684M 684M 684M 684M 684M 684M
Cash burn (monthly) 76.33M 21.17M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 234.11M 64.92M n/a n/a n/a n/a
Cash remaining 449.89M 619.08M n/a n/a n/a n/a
Runway (months of cash) 5.9 29.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 May 22 Dallas H James Common Shares Sale back to company Dispose D No No 19.81 4,463 88.41K 115,172
23 May 22 Dallas H James Common Shares Option exercise Acquire M No No 0 8,928 0 119,635
23 May 22 Dallas H James Deferred Shares Common Shares Option exercise Dispose M No No 0 8,928 0 26,319
23 May 22 Highsmith Carlton L Common Shares Sale back to company Dispose D No No 19.81 4,463 88.41K 69,339
23 May 22 Highsmith Carlton L Common Shares Option exercise Acquire M No No 0 8,928 0 73,802
23 May 22 Highsmith Carlton L Deferred Shares Common Shares Option exercise Dispose M No No 0 8,928 0 26,319
12 May 22 Alexander M Cutler Deferred Shares Common Shares Grant Acquire A No No 0 7,285 0 74,285
12 May 22 Gillis Ruth Ann M Deferred Shares Common Shares Grant Acquire A No No 0 7,285 0 35,247
12 May 22 Hipple Richard J Deferred Shares Common Shares Grant Acquire A No No 0 7,285 0 49,077
81.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 827 815 +1.5%
Opened positions 94 123 -23.6%
Closed positions 82 63 +30.2%
Increased positions 344 284 +21.1%
Reduced positions 238 251 -5.2%
13F shares Current Prev Q Change
Total value 17.01B 17.68B -3.8%
Total shares 759.95M 764.14M -0.5%
Total puts 1.51M 2.69M -43.7%
Total calls 1.99M 2.18M -8.7%
Total put/call ratio 0.8 1.2 -38.3%
Largest owners Shares Value Change
Vanguard 111.2M $2.49B +1.2%
BLK Blackrock 83.58M $1.87B -0.1%
Capital International Investors 83.19M $1.86B -0.0%
STT State Street 51.91M $1.16B -3.3%
Boston Partners 30.67M $686.24M -5.7%
RY Royal Bank Of Canada 21.97M $491.58M +0.6%
Geode Capital Management 18.52M $413.5M +2.9%
Charles Schwab Investment Management 15.13M $338.56M +5.8%
IVZ Invesco 12.93M $289.42M -2.4%
First Trust Advisors 11.79M $263.87M +280.7%
Largest transactions Shares Bought/sold Change
First Trust Advisors 11.79M +8.69M +280.7%
Norges Bank 0 -7.85M EXIT
Capital World Investors 7.62M -6.6M -46.4%
Fuller & Thaler Asset Management 1.56M -5.99M -79.4%
GS Goldman Sachs 9.49M -4.06M -30.0%
Balyasny Asset Management 0 -2.72M EXIT
PRU Prudential Financial 3.27M +2.22M +211.6%
Eaton Vance Management 3.61M -1.93M -34.8%
FHI Federated Hermes 8.2M -1.85M -18.4%
Boston Partners 30.67M -1.84M -5.7%

Financial report summary

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Management Discussion
  • One of our principal sources of revenue is net interest income. Net interest income is the difference between interest income received on earning assets (such as loans and securities) and loan-related fee income, and interest expense paid on deposits and borrowings. There are several factors that affect net interest income, including:
  • •fair value accounting of acquired earning assets and interest-bearing liabilities.
  • To make it easier to compare both the results among several periods and the yields on various types of earning assets (some taxable, some not), we present net interest income in this discussion on a “TE basis” (i.e., as if all income were taxable and at the same rate). For example, $100 of tax-exempt income would be presented as $126, an amount that, if taxed at the statutory federal income tax rate of 21%, would yield $100. Prior to 2018, $100 of tax-exempt income would be presented as $154, an amount that, if taxed at the previous statutory federal income tax rate of 35%, would yield $100.

Content analysis

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Constraining
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