Is KEY a good stock to buy right now?

Based on our 6-factor quantitative model, KEYCORP /NEW/ (KEY) receives a "Reduce" rating with a composite score of 46.7/100. It is ranked #2,057 out of 4,446 stocks. Key factor scores: Quality 39/100, Value 49/100, Momentum 55/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for KEY?

KEYCORP /NEW/ (KEY) has a "Reduce" rating and 2-star score. The composite score of 46.7 ranks it #2,057 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is KEY in?

KEYCORP /NEW/ operates in the Financials sector (Banking industry) with a market cap of $21.82 billion. It is classified as a large-cap stock.

Does KEY pay a dividend?

Yes, KEY pays a dividend with a current yield of 4.39%. The Financials sector average yield is 2.48%. For every $1,000 invested, you would receive approximately $43.90 in annual dividend income.

What is KEY's P/E ratio?

KEY has a trailing P/E ratio of 24.33x. The Financials sector average is 14.9x. This P/E is in a moderate range relative to the broader market.

How profitable is KEY?

KEY's quality factor score is 39/100. Gross margin: 0.0%. ROE: 4.5% vs sector average 8.5%. Margins are moderate to low, reflecting competitive market dynamics.

How is KEY valued compared to peers?

KEY's value factor score is 49/100 (higher = cheaper). Key multiples: P/E 24.3x, EV/EBITDA 13.0x. Valuation is roughly in line with peers.

What is KEY's debt level?

KEY's debt-to-equity ratio is 54%. Sector average: 121%. Moderate leverage is normal for established companies.

KEY has a beta of 1.13, meaning it tracks the market. Stability score: 74/100.

Does KEY have high short interest?

KEY's short interest factor score is 40/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

KEY Stock Analysis: Reduce (Score 46.7/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
KEY	-0.88%	+4.84%	+8.60%	+3.97%	+56.19%	-	-	-
Industry Proxy XLF	-1.09%	+2.50%	+1.42%	-7.30%	+10.59%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-0.81%	+1.23%	+8.27%	+4.33%	+26.66%	-	-	-
Alpha vs Sector	+0.21%	+2.33%	+7.18%	+11.28%	+45.60%	-	-	-

Metric	KEY	Benchmark
P/E Ratio	24.3x	+64%
EV/EBITDA	13.0x	+299%
Price / Book	1.1x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
WTM WHITE MOUNTAINS INSURANCE GROUP LTD	63	80	79	54	8.9x	10.1%	96.3%	20.1%	1.6%	14.0x	$5.4B	VS
OPY OPPENHEIMER HOLDINGS INC	63	68	79	63	10.4x	9.9%	0.0%	6.5%	37.5%	273.0x	$959M	VS
ACT Enact Holdings, Inc.	62	81	76	52	8.7x	12.7%	88.5%	55.0%	4.2%	14.0x	$5.7B	VS
IGIC International General Insurance Holdings Ltd.	61	74	93	50	8.6x	82.6%	59.9%	25.1%	-	0.0x	$1.1B	VS
PKBK PARKE BANCORP, INC.	60	60	77	65	9.8x	10.5%	-	24.8%	20.9%	593.0x	$335M	VS
SSSS SURO CAPITAL CORP.	60	89	33	65	4.7x	30.9%	0.0%	-752.0%	-48.3%	34.0x	$290M	VS
CB Chubb Ltd	59	67	71	52	12.8x	12.5%	0.0%	16.6%	15.6%	20.0x	$128.0B	VS
RRBI RED RIVER BANCSHARES INC	59	59	69	68	15.0x	11.0%	0.0%	27.5%	13.3%	818.0x	$607M	VS
UFCS UNITED FIRE GROUP INC	59	64	78	58	9.8x	10.6%	100.0%	7.3%	17.5%	308.0x	$936M	VS
SPFI SOUTH PLAINS FINANCIAL, INC.	58	59	73	55	12.8x	11.0%	0.0%	21.7%	9.0%	807.0x	$690M	VS
KEY KEYCORP /NEW/	47	39	49	55	24.3x	4.5%	0.0%	3.2%	25.2%	54.0x	$21.8B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.0%	-	-	-	-	-	0.6%	0.6%	0.6%	0.6%	0.6%
Operating Margin %	0.0%	0.3%	-0.1%	0.2%	0.3%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%
EBITDA Margin %	0.4%	0.5%	-0.1%	0.2%	0.4%	0.5%	0.2%	0.4%	0.4%	0.4%	0.3%
Net Margin %	0.0%	0.3%	-0.0%	0.2%	0.3%	0.4%	0.2%	0.3%	0.3%	0.2%	0.2%
FCF Margin %	48.7%	-	-	-	-	-	-85.0%	-51.6%	-18.8%	13.9%	-37.9%
ROE %	0.0%	0.0%	-0.0%	0.1%	0.1%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%
ROA %	0.0%	0.0%	-0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
ROIC %	0.0%	1.5%	-0.8%	2.7%	5.6%	8.7%	6.7%	6.6%	6.8%	6.7%	5.9%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.0%

0.6%

Operating Margin %

0.0%

0.3%

-0.1%

0.2%

0.3%

0.4%

EBITDA Margin %

0.4%

0.5%

-0.1%

0.2%

0.4%

0.5%

0.2%

0.4%

0.3%

Net Margin %

0.0%

0.3%

-0.0%

0.2%

0.3%

0.4%

0.2%

0.3%

0.2%

FCF Margin %

48.7%

-85.0%

-51.6%

-18.8%

13.9%

-37.9%

ROE %

0.0%

-0.0%

0.1%

0.2%

0.1%

ROA %

0.0%

-0.0%

0.0%

ROIC %

0.0%

1.5%

-0.8%

2.7%

5.6%

8.7%

6.7%

6.6%

6.8%

6.7%

5.9%

Line Item	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$6.2B	$4.6B	$6.4B	$7.3B	$7.3B	$6.7B	$6.4B	$6.4B	$6.3B	$5.0B	$4.2B
	—	—	—	—	—	$4.0B	$3.9B	$3.9B	$3.8B	$2.9B	$2.3B
Gross Margin	0.0%	---	---	---	---	60.3%	61.4%	61.5%	60.4%	58.5%	55.5%
	—	—	$232M	$271M	$298M	$111M	$241M	$382M	$407M	$314M	$247M
Total Operating Expenses	—	$4.9B	$5.3B	$4.9B	$4.0B	—	—	—	—	—	—
	$1.1B	-$306M	$1.2B	$2.3B	$3.3B	$2.7B	$2.5B	$2.5B	$2.5B	$2.1B	$1.9B
EBIT	$1.1B	-$306M	$1.2B	$2.3B	$3.3B	$2.7B	$2.5B	$2.5B	$2.5B	$2.1B	$1.9B
EBITDA	$2.5B	-$306M	$1.4B	$2.6B	$3.6B	$1.7B	$2.3B	$2.5B	$2.3B	$1.3B	$1.5B
Operating Margin	4.3%	-6.6%	18.1%	32.1%	44.6%	39.7%	38.6%	39.6%	39.6%	41.5%	44.5%
EBITDA Margin	40.9%	-6.6%	21.7%	35.8%	48.7%	24.9%	35.5%	39.6%	37.3%	25.7%	34.7%
	—	—	$4.0B	$885M	$296M	$651M	$1.3B	$969M	$613M	$400M	$274M
	—	-$306M	$1.2B	$2.3B	$3.3B	—	—	—	—	—	—
Income Tax Expense	—	-$143M	$196M	$422M	$642M	$227M	$314M	$344M	$637M	$179M	$303M
	$909M	-$161M	$967M	$1.9B	$2.6B	$1.3B	$1.7B	$1.9B	$1.3B	$790M	$920M
Net Margin	3.2%	-3.5%	15.1%	26.4%	36.0%	20.1%	27.0%	29.3%	20.8%	15.8%	21.8%
	$0.41	$-0.32	$0.89	$1.94	$2.65	$1.28	$1.63	$1.73	$1.14	$0.81	$1.06
Diluted EPS	$0.41	$-0.32	$0.88	$1.93	$2.63	$1.28	$1.63	$1.73	$1.14	$0.81	$1.06
Weighted Avg Basic	—	950M	927M	924M	947M	—	—	—	—	—	—
Weighted Avg Diluted	—	950M	933M	933M	957M	—	—	—	—	—	—

Line Item

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$6.2B

$4.6B

$6.4B

$7.3B

$6.7B

$6.4B

$6.3B

$5.0B

$4.2B

—

$4.0B

$3.9B

$3.8B

$2.9B

$2.3B

Gross Margin

0.0%

---

60.3%

61.4%

61.5%

60.4%

58.5%

55.5%

—

$232M

$271M

$298M

$111M

$241M

$382M

$407M

$314M

$247M

Total Operating Expenses

—

$4.9B

$5.3B

$4.9B

$4.0B

—

$1.1B

-$306M

$1.2B

$2.3B

$3.3B

$2.7B

$2.5B

$2.1B

$1.9B

EBIT

$1.1B

-$306M

$1.2B

$2.3B

$3.3B

$2.7B

$2.5B

$2.1B

$1.9B

EBITDA

$2.5B

-$306M

$1.4B

$2.6B

$3.6B

$1.7B

$2.3B

$2.5B

$2.3B

$1.3B

$1.5B

Operating Margin

4.3%

-6.6%

18.1%

32.1%

44.6%

39.7%

38.6%

39.6%

41.5%

44.5%

EBITDA Margin

40.9%

-6.6%

21.7%

35.8%

48.7%

24.9%

35.5%

39.6%

37.3%

25.7%

34.7%

—

$4.0B

$885M

$296M

$651M

$1.3B

$969M

$613M

$400M

$274M

—

-$306M

$1.2B

$2.3B

$3.3B

—

Income Tax Expense

—

-$143M

$196M

$422M

$642M

$227M

$314M

$344M

$637M

$179M

$303M

$909M

-$161M

$967M

$1.9B

$2.6B

$1.3B

$1.7B

$1.9B

$1.3B

$790M

$920M

Net Margin

3.2%

-3.5%

15.1%

26.4%

36.0%

20.1%

27.0%

29.3%

20.8%

15.8%

21.8%

$0.41

$-0.32

$0.89

$1.94

$2.65

$1.28

$1.63

$1.73

$1.14

$0.81

$1.06

Diluted EPS

$0.41

$-0.32

$0.88

$1.93

$2.63

$1.28

$1.63

$1.73

$1.14

$0.81

$1.06

Weighted Avg Basic

—

950M

927M

924M

947M

—

Weighted Avg Diluted

—

950M

933M

957M

—

KEYCORP /NEW/ (KEY) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does KEYCORP /NEW/ Do?

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio. KEYCORP /NEW/ (KEY) is classified as a large-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Christopher M. Gorman and employs approximately 17,500 people, headquartered in Cleveland, Ohio. With a market capitalization of $21.8B, KEY is one of the prominent companies in the Financials sector.

KEYCORP /NEW/ (KEY) Stock Rating — Reduce (April 2026)

As of April 2026, KEYCORP /NEW/ receives a Reduce rating with a composite score of 46.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.KEY ranks #2,057 out of 4,446 stocks in our coverage universe. Within the Financials sector, KEYCORP /NEW/ ranks #580 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

KEY Stock Price and 52-Week Range

KEYCORP /NEW/ (KEY) currently trades at $21.65. The 52-week high for KEY is $23.34, which means the stock is currently trading -7.3% from its annual peak. The 52-week low is $12.72, putting the stock 70.1% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is KEY Overvalued or Undervalued? — Valuation Analysis

KEYCORP /NEW/ (KEY) carries a value factor score of 49/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 24.33x, compared to the Financials sector average of 14.88x — a premium of 64%. The price-to-book ratio stands at 1.10x, versus the sector average of 1.22x. The price-to-sales ratio is 3.57x, compared to 0.90x for the average Financials stock. On an enterprise value basis, KEY trades at 13.02x EV/EBITDA, versus 3.26x for the sector.

Overall, KEY's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

KEYCORP /NEW/ Profitability — ROE, Margins, and Quality Score

KEYCORP /NEW/ (KEY) earns a quality factor score of 39/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 4.5%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 0.5% versus the sector average of 1.2%.

On a margin basis, KEYCORP /NEW/ reports gross margins of 0.0%. The operating margin is 4.3% (sector: 21.8%). Net profit margin stands at 3.2%, versus 17.7% for the average Financials stock. Revenue growth is running at 25.2% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

KEY Debt, Balance Sheet, and Financial Health

KEYCORP /NEW/ has a debt-to-equity ratio of 54.0%, compared to the Financials sector average of 121.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.12x, suggesting adequate working capital coverage. Total debt on the balance sheet is $10.92B. Cash and equivalents stand at $1.94B.

KEY has a beta of 1.13, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for KEYCORP /NEW/ is 74/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

KEYCORP /NEW/ Revenue and Earnings History — Quarterly Trend

In TTM 2026, KEYCORP /NEW/ reported revenue of $6.20B and earnings per share (EPS) of $0.41. Net income for the quarter was $909M. Gross margin was 0.0%. Operating income came in at $1.15B.

In Q3 2025, KEYCORP /NEW/ reported revenue of $1.90B and earnings per share (EPS) of $0.41. Net income for the quarter was $489M. Revenue grew 172.7% year-over-year compared to Q3 2024. Operating income came in at $602M.

In Q2 2025, KEYCORP /NEW/ reported revenue of $1.84B and earnings per share (EPS) of $0.35. Net income for the quarter was $425M. Revenue grew 21.5% year-over-year compared to Q2 2024. Operating income came in at $539M.

In Q1 2025, KEYCORP /NEW/ reported revenue of $1.77B and earnings per share (EPS) of $0.34. Net income for the quarter was $405M. Revenue grew 15.7% year-over-year compared to Q1 2024. Operating income came in at $515M.

Over the past 8 quarters, KEYCORP /NEW/ has demonstrated a growth trajectory, with revenue expanding from $1.53B to $6.20B. Investors analyzing KEY stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

KEY Dividend Yield and Income Analysis

KEYCORP /NEW/ (KEY) currently pays a dividend yield of 4.4%. At this yield, a $10,000 investment in KEY stock would generate approximately $$439.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning KEY offers above-average income for its sector.

KEY Momentum and Technical Analysis Profile

KEYCORP /NEW/ (KEY) has a momentum factor score of 55/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 40/100 reflects moderate short selling activity.

KEY vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, KEYCORP /NEW/ (KEY) ranks #580 out of 891 stocks based on the Blank Capital composite score. This places KEY in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing KEY against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full KEY vs S&P 500 (SPY) comparison to assess how KEYCORP /NEW/ stacks up against the broader market across all factor dimensions.

KEY Next Earnings Date

No upcoming earnings date has been announced for KEYCORP /NEW/ (KEY) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy KEY? — Investment Thesis Summary

The quantitative profile for KEYCORP /NEW/ suggests caution. The quality score of 39/100 flags below-average profitability. Low volatility (stability score 74/100) reduces downside risk.

In summary, KEYCORP /NEW/ (KEY) earns a Reduce rating with a composite score of 46.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on KEY stock.

Related Resources for KEY Investors

Explore more research and tools: KEY vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare KEY head-to-head with peers: KEY vs WTM, KEY vs OPY, KEY vs ACT.

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KEYCORP /NEW/ (KEY) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does KEYCORP /NEW/ Do?

KEYCORP /NEW/ (KEY) Stock Rating — Reduce (April 2026)

KEY Stock Price and 52-Week Range

Is KEY Overvalued or Undervalued? — Valuation Analysis

KEYCORP /NEW/ Profitability — ROE, Margins, and Quality Score

KEY Debt, Balance Sheet, and Financial Health

KEYCORP /NEW/ Revenue and Earnings History — Quarterly Trend

KEY Dividend Yield and Income Analysis

KEY Momentum and Technical Analysis Profile

KEY vs Competitors — Financials Sector Ranking and Peer Comparison

KEY Next Earnings Date

Should You Buy KEY? — Investment Thesis Summary

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