KeyCorp Industry Outlook and Analyst Recommendations

KeyCorp is a leading bank holding company in the United States, with a long history dating back to 1839. It has a significant presence in the Midwest region, with a strong network of over 1,000 branches and 1,300 ATMs.

KeyCorp's industry outlook is closely tied to the overall health of the US banking sector. According to industry analysts, the banking sector is expected to continue growing, driven by increasing demand for digital banking services and a recovering economy.

KeyCorp has a strong track record of delivering consistent financial performance, with a return on equity (ROE) of 9.4% in 2020. This is significantly higher than the industry average, demonstrating the company's ability to generate strong profits.

Analysts at major investment firms such as Goldman Sachs and Morgan Stanley have expressed positive views on KeyCorp's future prospects, citing the company's strong brand, solid financials, and growing presence in the digital banking space.

Additional reading: Keycorp News

KeyCorp's financial performance has been quite interesting over the past few years. The company's current share price is $17.68.

The 52-week high for KeyCorp's stock was $20.04, while the 52-week low was $13.11. This shows that the stock has had a significant range over the past year.

KeyCorp's beta is 1.26, which indicates that the stock is more volatile than the overall market. The 1-month change in the stock price was 2.79%, while the 3-month change was 1.73%.

The 1-year change in the stock price was 18.90%, which is a significant increase. However, the 3-year change was -29.45%, showing a decline in the stock's value over the long term.

Here's a summary of KeyCorp's recent performance:

The 5-year change in the stock price was -6.85%, showing a decline in value over the long term. However, the change since the IPO was 356.26%, indicating a significant increase in value since the company went public.

As an investor, it's essential to understand the Keycorp landscape. Keycorp is a leading financial institution in the United States, with a rich history dating back to 1839.

The company has a strong presence in the Midwest and Northeast regions, with over 1,000 branches and 13,000 employees. Keycorp is also one of the largest bank holding companies in the country, with assets totaling over $180 billion.

Investors can access Keycorp's financial statements and other investor materials on their website, where they can also find information on their dividend history and stock performance.

As an investor, it's essential to understand how your shares are performing compared to the broader market and industry.

Over the past week, KEY's shareholder returns were -3.4%, which is a significant drop. This is in contrast to the US Banks industry, which saw a 1.1% return during the same period.

Looking at the past year, KEY's shareholder returns were 18.9%, which is lower than the US Banks industry's 37.4% return.

Here's a summary of the returns:

KEY underperformed both the US Banks industry and the US Market over the past year, with the US Market returning 24.9% and the US Banks industry returning 37.4%.

Analysts have been weighing in on KeyCorp, with several firms adjusting their price targets and ratings.

DA Davidson recently adjusted its price target on KeyCorp to $21 from $20, while keeping its Buy rating.

Keefe Bruyette Woods also adjusted its price target on KeyCorp to $21 from $22, but kept its Outperform rating.

Morgan Stanley adjusted its price target on KeyCorp to $22 from $23, and maintained its Equalweight rating.

Piper Sandler trimmed its price target on KeyCorp to $20 from $21.

Truist initiated coverage on KeyCorp with a Hold rating and a price target of $19.

Here is a summary of the analysts' recommendations:

KeyCorp's fourth-quarter profit beat estimates on a dealmaking boom, with adjusted earnings rising and revenue declining. This news was reported on January 21.

KeyCorp's Chairman and CEO Chris Gorman and Vice Chairman and CFO Don Kimble presented at the virtual Goldman Sachs U.S. Financial Services Conference on December 8, 2020, discussing the company's performance, strategy, and outlook. The presentation is available on KeyCorp's website.

Analysts have adjusted their price targets for KeyCorp, with DA Davidson setting a new target of $21, Keefe Bruyette Woods adjusting to $21 from $22, and Morgan Stanley setting a target of $22 from $23. Piper Sandler also trimmed its price target to $20 from $21.

KeyCorp has been making headlines recently, and here are some of the latest updates:

KeyCorp's fourth-quarter profit beat estimates, thanks to a boom in dealmaking.

DA Davidson has adjusted its price target on KeyCorp to $21 from $20, while maintaining a Buy rating.

Keefe Bruyette Woods has also made a change, adjusting its price target on KeyCorp to $21 from $22, but keeping its Outperform rating.

Morgan Stanley, on the other hand, has adjusted its price target on KeyCorp to $22 from $23, while keeping an Equalweight rating.

Piper Sandler has trimmed its price target on KeyCorp to $20 from $21.

Here's a quick rundown of the changes:

KeyCorp's Q4 adjusted earnings rose to $0.38, beating FactSet's estimate of $0.33.

KeyCorp's Chairman and CEO Chris Gorman, along with Vice Chairman and CFO Don Kimble, will present at the Goldman Sachs U.S. Financial Services Virtual Conference on December 8, 2020.

The presentation will cover KeyCorp's performance, strategy, and outlook.

Interested parties can access the live audio webcast and presentation materials at www.key.com/ir.

KeyCorp is headquartered in Cleveland, Ohio, and has assets of approximately $170.5 billion as of September 30, 2020.

KeyCorp's industry is highly competitive, with several major players vying for market share. The company's performance can be compared to its peers in the banking sector.

JPMorgan Chase & Co. has seen significant growth, with a 53.73% increase in value over the past year. This is a stark contrast to KeyCorp's relatively modest 20.52% increase.

BANK OF AMERICA CORPORATION has also seen notable growth, with a 39.16% increase in value over the past year. However, its 1-year change is a mere -0.02%.

The average performance of the listed banks is a 37.97% increase in value over the past three years. This is a testament to the overall growth of the industry.

Here's a brief comparison of some of KeyCorp's competitors:

HSBC HOLDINGS PLC has a market capitalization of $179B, which is lower than some of its competitors.

KeyCorp's valuation and risk profile is a mixed bag. The company's dividend yield is relatively high at 4.78% in 2024, but its dividend is not well covered by earnings, which could be a concern for investors.

The company's capitalization has fluctuated over the past few years, ranging from 15.66B to 30.94B. Its P/E ratio is also noteworthy, with a negative 53.6x in 2024 and a more reasonable 12x in 2025.

Here's a snapshot of KeyCorp's valuation metrics:

In terms of risk, KeyCorp's price volatility is actually relatively low compared to the US market, with an average weekly movement of 5.8%. This is even lower than the banks industry average of 5.2%.

In terms of risk, KeyCorp's dividend of 4.64% is not well covered by earnings currently or forecast to be covered.

The company has also diluted its shareholders in the past year.

KeyCorp's share price has been volatile over the past year, with a weekly volatility of 6% that has remained stable over the past 12 months.

However, compared to the US market, KeyCorp's price volatility has been relatively stable in the past 3 months.

The 1 Year Change in KeyCorp's share price is 18.90%, which is a significant increase over the past year.

Here are some key statistics on KeyCorp's risk profile:

Valuation is a crucial aspect of understanding a company's financial health. KeyCorp's valuation metrics are a great example of this.

KeyCorp's market capitalization has fluctuated over the years, ranging from 15.66B to 30.94B.

The company's Enterprise Value (EV) has also changed, with a high of 3,045B and a low of 213B.

KeyCorp's P/E ratio has been as low as -53.6x in 2024, but is expected to increase to 12x in 2025.

The company's EV/Sales ratio has also varied, with a high of 4.11x in 2024 and a low of 2.65x in 2025.

Here are KeyCorp's valuation metrics in a concise table:

A yield of 4.78% in 2024 and 4.68% in 2025 suggests a relatively stable dividend payout for KeyCorp investors.