KeyCorpNYSE: KEY
Financials · Regional Banks
$22.87
+6.40%
Vol: 1.0M
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21KeyCorp authorizes new $3 billion buyback and declares $0.205 quarterly dividendPositive▶
On May 13, 2026, KeyCorp board authorized a new $3.0 billion share repurchase program, tripling the prior $1.0 billion authorization, and declared a $0.205 quarterly dividend payable June 15. The buyback signals confidence in capital strength after Q1 EPS of $0.44 beat estimates ($0.42) on revenue of $1.95 billion. At the annual meeting, shareholders elected all 14 board nominees and approved the 2026 Equity Compensation Plan. The expanded capital return program creates meaningful EPS accretion potential and signals management view that shares are undervalued. Risk: regional bank exposure to net interest income pressure if rate environment weakens. Recent insider sale by Bank of Nova Scotia (231K shares at $21.96) modestly clouded sentiment.
May 20KeyCorp authorized new $3 billion share buyback program and declared $0.205 quarterly dividend on May 13.Positive▶
KeyCorp's Board on May 13 authorized a new $3.0B share repurchase program, replacing the prior $1.0B authorization (~$280M remaining), and declared a $0.205 quarterly common dividend payable June 15. Q1 2026 EPS came in at $0.44 vs $0.42 estimate on revenue of $1.95B, with net income up ~33% YoY to ~$486M. At the May 14 annual meeting, shareholders elected all 14 board nominees, ratified E&Y as auditor, and approved the 2026 Equity Compensation Plan. Evercore ISI raised PT to $26 (Outperform) while Barclays reaffirmed Hold. Consensus rates KEY a Buy with $22.97 12-month PT.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18KeyCorp announces new $3.0B share repurchase program and declares Q2 dividend of $0.205 per sharePositive▶
KeyCorp's Board authorized a new $3 billion share repurchase program, replacing a prior $1.0 billion authorization (with ~$280M unused), and declared a Q2 2026 common dividend of $0.205 per share payable June 15. The company posted non-GAAP EPS of $0.44 on revenue of $1.95B, beating consensus of $0.41 and $1.94B, with net income up ~33% to ~$486M. KeyCorp is expanding KeyBank's Middle Market commercial banking capabilities into Southeast Michigan. In early May, Bank of Nova Scotia (a 10%+ owner) sold over 231,000 shares. The stock traded around $21.03 on May 17, with consensus fair value around $24.92.
May 15KeyCorp authorized new $3.0B share repurchase program May 13, replacing prior $1.0B plan; Moody's placed ratings on review for upgrade May 14.Positive▶
On May 13, 2026, KeyCorp's Board declared a Q2 dividend of $0.205/share (payable June 15) and authorized a new $3.0B share repurchase program, replacing the prior $1.0B authorization which had ~$280M remaining. On May 14, Moody's placed all KeyCorp long-term ratings and assessments on review for upgrade, driving shares higher. Q1 2026 revenue was $1.95B vs $1.94B consensus with double-digit revenue growth, EPS beat, and expanding NIM. Insider activity: CHRO Angela G. Mago sold 22,826 shares for $494,411 on May 12; Bank of Nova Scotia sold 231K shares at $21.96 for ~$5.1M. 1-year TSR is 33.9% with fair value estimates raised to $24.92. Risks include commercial real estate exposure and NIM trajectory.
May 14KeyCorp authorized new $3.0B share buyback May 13 (replacing $1B program) and declared $0.205 Q2 dividend, with insider Mago selling 22,826 sharesPositive▶
On May 13, KeyCorp Board authorized a new $3.0B share repurchase program with no expiration, replacing the existing $1B program (~$280M remaining). Declared Q2 2026 dividend of $0.205/share. Insider Angela Mago sold 22,826 shares May 8 at $21.66 ($494K). Bank of Nova Scotia disposed 231,847 shares May 5 at $21.96 to issuer. Total assets ~$189B at March 31. Consensus average PT $23.18 with 12 Buys, 7 Holds, 1 Sell. 1-year TSR of 33.9%. Risk: regional bank deposit costs and net interest margin under elevated rates.
May 13KeyCorp insider Angela Mago sold 22,826 shares May 8 at $21.66 while Bank of Nova Scotia disposed 231K shares to the issuer at $21.96 on May 5.Neutral▶
KeyCorp insider Angela Mago sold 22,826 shares on May 8 at $21.66 ($494K total). Bank of Nova Scotia, a >10% owner, disposed of 231,847 common shares back to KeyCorp at $21.96 on May 5 under an existing Investment Agreement. KeyBank expanded its Middle Market Banking Team in Southeast Michigan on May 6. Key Private Bank was named winner for Regional Private Bank at the 2026 Family Wealth Report Awards. Stock has traded in the low-to-mid $21 range. Consensus rating mostly Buy with 12 Buys, 7 Holds, 1 Sell.
May 12KeyCorp posted Q1 2026 net income of $486M ($0.44 EPS, +33% YoY) but Wall Street Zen downgraded to Sell and Morgan Stanley cut PT to $24 from $26.Mixed▶
KeyCorp delivered a Q1 2026 earnings beat on higher net interest income and a 2.87% NIM, with net income of $486M ($0.44 EPS) up 33% YoY. However, Wall Street Zen downgraded the stock to Sell on May 9, 2026, and Morgan Stanley trimmed its price target to $24 from $26 with an Equal Weight rating. Bank of Nova Scotia, a >10% holder, sold 231,847 shares back to the issuer at $21.96 on May 5. The company also announced plans to acquire Clearwater UK to expand financial advisory capabilities. Shares traded near $21.32 on May 11, weighed down by sentiment from the rating cut.
May 11KeyCorp beat Q1 estimates but Wall Street Zen cut to Sell while Morgan Stanley trimmed PT to $24 from $26Mixed▶
KeyCorp's Q1 2026 results beat expectations with net interest margin expanding to 2.87%, but a major research firm (Wall Street Zen) downgraded the stock to Sell. Morgan Stanley lowered its price target to $24 from $26, Truist Financial cut to $22 from $23, while Piper Sandler raised to $24 from $23 keeping Overweight. On May 5, 2026, Bank of Nova Scotia (a 10%+ owner) sold 231,847 shares back to the company at $21.96. Shares opened at $21.61 on Monday with market cap of $23.42 billion and a P/E of 13.25. The bank announced a $1.5 million local healthcare investment and Michigan banking team expansion. This matters because mixed analyst views and insider selling are weighing on a stock that already trades below most price targets.
May 8KeyCorp Q1 2026 earnings beat, completes acquisition of Clearwater Corporate Finance; analyst price targets raised by Evercore ISI and JPMorgan.Positive▶
KeyCorp reported strong Q1 2026 earnings, exceeding consensus estimates, and announced a definitive agreement to acquire Clearwater Corporate Finance LLP, a UK-based company. Evercore ISI raised its price target to $26 from $25, and JPMorgan raised its target to $24.50 from $22, both maintaining positive outlooks. The company is actively expanding its regional presence with new initiatives in middle market banking and small business support. Bank of Nova Scotia sold 231,847 KEY shares on May 5, 2026, at $21.96, with the transaction valued at approximately $5.09 million, but Bank of Nova Scotia maintains a substantial shareholder position with 159.34 million shares outstanding. KeyCorp remains a significant financial player with strong analyst conviction for future growth.
May 7KeyCorp acquired Clearwater Corporate Finance and expects 7% FY26 revenue growth, though Bank of Nova Scotia trimmed stake by 231K shares on May 7.Positive▶
KeyCorp announced a definitive agreement to acquire UK-based Clearwater Corporate Finance LLP to expand capabilities. The company reported strong Q1 2026 financial results beating earnings expectations and expects 7% FY26 revenue growth year-over-year. KeyCorp plans to repurchase at least $1.3 billion of shares in 2026 and invest $1 billion in technology. Insider activity showed Bank of Nova Scotia reducing its 10% stake by selling 231,847 shares on May 7 at $21.96 per share. Baird upgraded KeyCorp to Neutral from Underperform.
May 6KeyCorp beats Q1 earnings with $0.44 EPS and plans $1.3B share buybackPositive▶
KeyCorp reported Q1 2026 net earnings of $0.44 per share, exceeding consensus of $0.41, while announcing $1.3 billion in share repurchases for 2026 and $1 billion in technology investments. The bank launched Key4Entrepreneurs for small business support and acquired Clearwater Corporate Finance LLP in the UK. Analyst sentiment shifted positive with Evercore ISI raising its price target to $26 from $24 and maintaining Outperform rating. DA Davidson raised its target to $27 from $26 with a Buy rating.
Sector Peers
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|---|---|---|---|---|---|---|
| FITBFIFTH | $54.59 | +11.05% | +2.5% | 10.0x | 0.95 | $44.6B |
| HBANHUNTINGTON | $17.70 | +11.64% | +1.8% | 8.3x | 0.98 | $32.1B |
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| CFGCITIZENS | $68.04 | +8.37% | +2.6% | 9.8x | 1.04 | $26.5B |
| RFREGIONS | $29.34 | +5.86% | +2.7% | 9.7x | 1.03 | $23.6B |
| KEYKEYCORP | $22.87 | +6.40% | +2.0% | 10.0x | 1.05 | $23.3B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.