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
Sector
Industry (SIC)
Former names
KEYCORP/NEW, SOCIETY CORP
SEC CIK
Corporate docs
Subsidiaries
Parent Company ...
IRS number
346542451
KEY stock data
News
JP Morgan Maintains Neutral on KeyCorp, Lowers Price Target to $20.5
1 Jul 22
Wells Fargo Maintains Overweight on KeyCorp, Lowers Price Target to $22
1 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For June 30, 2022
30 Jun 22
5 Analysts Have This to Say About KeyCorp
30 Jun 22
Wedbush Downgrades KeyCorp to Neutral
30 Jun 22
Press releases
KEYCORP RAISES ITS PRIME LENDING RATE TO 4.75 PERCENT
15 Jun 22
KEYBANK EXPANDS EMBEDDED BANKING PLATFORM WITH NEW PAYMENT FACILITATION CAPABILITIES
1 Jun 22
Americans' Credit Scores Rise With Help From KeyBank Secured Credit Card
1 Jun 22
KEYCORP TO PRESENT AT THE MORGAN STANLEY US FINANCIALS, PAYMENTS & CRE CONFERENCE
24 May 22
KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS
12 May 22
Analyst ratings and price targets
Current price
Average target
$20.60
Low target
$17.00
High target
$23.00
JP Morgan
Maintains
$20.50
Wells Fargo
Maintains
$22.00
Goldman Sachs
Maintains
$23.00
Wolfe Research
Maintains
$17.00
Piper Sandler
Downgraded
$20.50
Calendar
4 May 22
2 Jul 22
31 Dec 22
Financial summary
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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
81.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 827 |
Opened positions | 94 |
Closed positions | 82 |
Increased positions | 344 |
Reduced positions | 238 |
13F shares | Current |
---|---|
Total value | 17.01B |
Total shares | 759.95M |
Total puts | 1.51M |
Total calls | 1.99M |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 111.2M | $2.49B |
BLK Blackrock | 83.58M | $1.87B |
Capital International Investors | 83.19M | $1.86B |
STT State Street | 51.91M | $1.16B |
Boston Partners | 30.67M | $686.24M |
RY Royal Bank Of Canada | 21.97M | $491.58M |
Geode Capital Management | 18.52M | $413.5M |
Charles Schwab Investment Management | 15.13M | $338.56M |
IVZ Invesco | 12.93M | $289.42M |
First Trust Advisors | 11.79M | $263.87M |
Financial report summary
?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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
acquiree, albeit, climate, conflict, consumption, dedesignate, denied, deployment, distinguish, draft, elaborate, Employment, Environmental, ESG, fashion, feedback, fiscal, geopolitical, greenhouse, harbor, healthy, immaterial, indirectly, inflation, inflationary, learned, led, legislation, medium, merit, multiple, nonperfoming, nonpersonnel, nonprepayable, notification, November, ome, opt, outflow, overdraft, professional, promulgate, prudently, quantify, rollout, seasonal, slower, societal, stable, tor, Ukraine, uniform, waiver, XUP
Removed:
accrue, accurate, achieved, added, allocating, Alternatively, analytically, announcement, apparel, assistance, attrition, August, Austin, avoidable, began, borrowed, bulletin, calendar, call, callable, cancelable, captured, choose, clarifying, commencing, commonly, communicate, complying, composed, concurrently, conducting, confirmed, conforming, consulting, convenience, covenant, deadline, deferral, delinquent, devising, diligence, discontinuance, display, diversified, earliest, emergence, emergency, enforcement, entertainment, essentially, European, expertise, extended, extending, fallout, flexibility, forbearance, forebearance, forgoing, freeze, garden, guaranteed, hardship, hobby, illustrative, improved, improvement, improving, inclusive, incomplete, informing, initiation, intelligence, interagency, intervention, intraperiod, lead, leisure, lender, lifestyle, margining, met, Nasdaq, Nonsovereign, nursery, offer, oil, opportunity, paying, payout, performing, practice, premium, principle, proactive, progressing, prohibited, reallocation, recalculated, reevaluate, refining, regional, release, reliance, remeasurement, removing, rent, repayable, repurchased, requiring, rescinding, residence, rest, resumed, reverse, robust, schedule, Select, shock, slight, sovereign, spending, streamlined, strike, strip, submit, submitting, subsequently, Subtopic, surveillance, suspend, suspended, suspension, talent, TCJ, temporary, terrorist, treated, unanchored, unprecedented, urging, watchlist, world
Financial reports
Current reports
8-K
Regulation FD Disclosure
13 Jun 22
8-K
Other Events
23 May 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
8-K
Strong loan growth driven by consumer and commercial businesses
21 Apr 22
8-K
Regulation FD Disclosure
28 Feb 22
8-K
Record revenue for the fourth quarter and full year
20 Jan 22
8-K
Departure of Directors or Certain Officers
13 Dec 21
8-K
Results of Operations and Financial Condition
21 Oct 21
8-K
Departure of Directors or Certain Officers
24 Sep 21
8-K
Other Events
10 Sep 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
18 May 22
424B5
Prospectus supplement for primary offering
18 May 22
FWP
Free writing prospectus
17 May 22
FWP
Free writing prospectus
17 May 22
424B5
Prospectus supplement for primary offering
16 May 22
424B5
Prospectus supplement for primary offering
16 May 22
S-8
Registration of securities for employees
13 May 21
424B5
Prospectus supplement for primary offering
9 Jun 20
S-3ASR
Automatic shelf registration
9 Jun 20
424B5
Prospectus supplement for primary offering
4 Feb 20
Other
CERT
Certification of approval for exchange listing
30 Apr 19
CERT
Certification of approval for exchange listing
31 Jul 18
CERTNYS
Certification of approval for NYSE listing
11 Dec 16
CERTNYS
Certification of approval for NYSE listing
28 Jul 16
CORRESP
Correspondence with SEC
3 Feb 16
EFFECT
Notice of effectiveness
3 Feb 16
CORRESP
Correspondence with SEC
21 Jan 16
UPLOAD
Letter from SEC
18 Jan 16
CORRESP
Correspondence with SEC
10 Jan 16
UPLOAD
Letter from SEC
22 Dec 15
Ownership
11-K
Annual report of employee stock purchases
27 Jun 22
4
KEYCORP / Carlton L Highsmith ownership change
24 May 22
4
KEYCORP / H James Dallas ownership change
24 May 22
4
KEYCORP / TODD J VASOS ownership change
16 May 22
4
KEYCORP / Richard J Tobin ownership change
16 May 22
4
KEYCORP / Barbara R Snyder ownership change
16 May 22
4
KEYCORP / Devina A Rankin ownership change
16 May 22
4
KEYCORP / Richard J Hipple ownership change
16 May 22
4
KEYCORP / RUTH ANN M GILLIS ownership change
16 May 22
4
KEYCORP / H James Dallas ownership change
16 May 22
Transcripts
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
20 Jan 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
20 Jul 21
2022 Q1
Earnings call transcript
20 Apr 21
2020 Q4
Earnings call transcript
21 Jan 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
2020 Q1
Earnings call transcript
16 Apr 20
2019 Q4
Earnings call transcript
23 Jan 20
Reddit threads
CATL’s new 620-mile range EV battery
1 Jul 22
229 S&P500 companies ($21.6t in market cap, 61.8%) report earnings in the next ~30 days
25 Jun 22
r/Stocks Daily Discussion & Fundamentals Friday Jun 24, 2022
24 Jun 22
Morgan Stanley says SPX could fall a further 23% to 2,900. Do you agree?
22 Jun 22
"Gather ye rosebuds while ye may" - My strategy is to collect as many top-rated stocks like JNJ (AAA) as they bottom. Side note, JNJ's AAA rating is a higher credit rating than the US government.
14 Jun 22
What is a decent dividend growth rate ?
6 Jun 22
I will be DCA’ing my 300k inheritance into these stocks. Are these good picks?
4 Jun 22
The KEY To Making Good Investments | Warren Buffett
31 May 22
The U.S. economic outlook weakened in the first quarter of 2022 as GDP unexpectedly fell and inflation remained high. Even so, demand strengthened for goods, services and labor @StLouisFed
30 May 22
Daily Discussion Thread - May 27th, 2022
27 May 22