KeyCorp (KEY) Stock

KeyCorp (KEY) is a Financials stock trading at $21.85 (as of 2026-08-20), with a market capitalization of $23.32B and a trailing P/E of 11.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

KeyCorp is the holding company for KeyBank National Association, providing consumer and commercial banking products and services in the United States. It operates through Consumer and Commercial Banking segments, serving individuals, small and medium-sized businesses, and middle market clients with deposits, lending, treasury and cash management, investment and wealth-related services, and capital markets and advisory offerings.

Understand KeyCorp: how it makes money

KeyCorp operates as the holding company for KeyBank, providing retail and commercial banking products and services in the United States, including deposits, lending (such as mortgages and credit cards), treasury and cash management, wealth management, and trust and related services, and it makes money through banking products and fees tied to these financial services.

As a retail and commercial bank, KeyCorp’s profit model is structurally driven by what it earns from providing credit and financial services (including lending and wealth and trust offerings) and what it pays for funding and operations, with results shaped by the performance of its lending and service activities across its two banking segments.

Business quality (Strong): The business and reportable segment names are provided, but the dataset does not include segment-level revenue or other non-financial operating KPIs, so investors cannot assess segment contribution or the main operating drivers beyond total revenue.

Valuation: At 14× earnings, KEY trades 10% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Broad product set across retail and commercial needs: KeyCorp offers deposits, investment products and services, lending (including mortgage and home equity, lending, and credit cards), treasury and cash management, wealth management, asset management, and trust and related services.
Two-segment business structure: The company reports through Consumer Bank and Commercial Bank, which can help diversify customer needs and service types within its banking model.

Bear case

Lending activity can be sensitive to borrower conditions: Because KeyCorp provides personal finance and financial wellness services, student loan refinancing, mortgage and home equity, and other lending products, weakness in borrower performance can pressure results.
Operating performance may depend on costs and credit-related impacts: As a banking business with lending and advisory and wealth services, results can be affected by operating costs and credit-related impacts that are not detailed in the provided facts.

Valuation — source: SEC EDGAR (first-party)
Price	$21.85
Market Cap	$23.32B
P/E Ratio	11.5
EV / EBITDA	12.5
Price / Book	1.18
Price / Sales	2.98
FCF Yield	5.1%
DCF Value (model)	$21.39
DCF Upside vs Price	-2.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$7.51B
Net Margin	24.3%
Revenue Growth (YoY)	6.7%
EPS Growth (YoY)	25.7%
FCF Growth (YoY)	-80.8%

Valuation vs Sector & Industry
Stock P/E	11.5
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	-24.1%
vs Industry	-11.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BANK OF NOVA SCOTIA ($3.27B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Financials
Industry	Banking
CEO	Christopher Marrott Gorman
Employees	16,989
Country	US
IPO Date	1987-11-05

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.