ALTSTATION.IO

KeyCorp (KEY) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$23.21

Change

+2.25%

Market Cap

$25.59B

Avg Volume

16.3M

Company Overview

KeyCorp, headquartered in Cleveland, operates as the holding company for KeyBank National Association. The bank offers a wide range of retail and commercial banking services, including deposits, loans, credit cards, and wealth management. Their primary customers include individuals, small businesses, and large corporations across the United States. The company covers both Consumer and Commercial Banking segments, providing tailored financial products such as mortgages, student loans, and investment management.

In terms of competitive position, KeyCorp functions as a regional player amidst larger banking giants like JPMorgan Chase and Bank of America. It holds a solid market presence, particularly in the Midwest, giving it a slight edge with established customer relationships and local knowledge. However, it faces threats from online banks and fintech companies that offer lower fees and innovative services, posing challenges to customer retention and growth.

Currently, KeyCorp is in a growth phase, focusing on digital transformation and enhancing customer experience. The bank’s recent milestones include a successful integration of new technology to streamline operations and improve service delivery. With these strategic shifts, KeyCorp aims to strengthen its position against both traditional and emerging competitors, all while keeping an eye on maintaining profitability in a competitive landscape.

Key Financials

Market Cap

$25.59B

Revenue

$7.01B

EBITDA

N/A

Gross Margin

0.0%

Profit Margin

26.1%

Revenue Growth

131.5%

Total Cash

$2.35B

Total Debt

$11.00B

Free Cash Flow

N/A

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

15.27

Forward P/E

10.91

Beta

1.07

52-Week High

$23.23

52-Week Low

$12.73

EPS

$1.52

50-Day Avg

$20.69

200-Day Avg

$18.27

Price/Book

1.43

Technical Analysis

KeyCorp (KEY) has shown a mixed trend over the past 52 weeks, beginning at approximately $30 in February before dropping to the current price of $23.21, indicating a significant downward movement over that period. Key support for the stock can be identified around $22, which has acted as a floor during recent sell-offs, while resistance is evident at the $24.64 level, where the stock has struggled to maintain momentum. The price pattern suggests a bearish trend overall, with a higher frequency of lower highs and lower lows since the peak observed in February. Recent momentum has displayed a slight uptick, but it lacks strong conviction as the stock hovers just above support levels. Currently, at $23.21, the price is close to the lower end of the 52-week range, implying potential vulnerability to further declines if support levels are breached.

Recent News and Developments

Market Update

Here are the latest news and developments for KeyCorp (KEY) stock in the past week, from February 1, 2026, to February 7, 2026:

1. Analyst Price Target Increased by Evercore ISI

On February 5, 2026, investment analysts at Evercore ISI raised their price target for KeyCorp (NYSE:KEY) from $25.00 to $26.00. The firm maintained an “outperform” rating on the financial services provider’s stock, suggesting a potential upside of 11.88% from its current price.

2. Key Family Wealth Receives “Best Educational Initiative” Award

Key Family Wealth, the multi-family office division of KeyCorp, was honored with the “Best Educational Initiative” award at the 2026 Private Asset Management (PAM) Awards in New York City on February 6, 2026. This award recognizes their comprehensive education platform, which delivered 48 bespoke experiences and 77 milestone engagements over the past year to help families with wealth stewardship across generations.

Market Sentiment and Analyst Recommendations

Bull Case

KeyCorp trades at 15.27x earnings with a 131.5% revenue growth rate, which is genuinely strong for a regional bank. The stock is up 32% over the past year and just hit a fresh 52-week high, suggesting momentum is real despite the chart’s bearish appearance. Evercore ISI raised their target to $26.00 on February 5th, implying 12% upside from current levels, and 21 analysts rate this a buy with targets ranging to $43. The company has $2.35B in cash against $11B in debt, giving it room to deploy capital or weather stress. Key Family Wealth winning “Best Educational Initiative” signals strong execution in their wealth management division, a higher-margin business that diversifies away from traditional lending. The analyst consensus target of $24.33 is only 5% above current price, but the wide range suggests institutional conviction that this could move meaningfully higher if execution continues.

Bear Case

The 52-week chart is genuinely concerning despite recent momentum. The stock opened at $30 a year ago and has cratered 23% since then, now sitting near the $22 support level with vulnerability to further declines if that breaks. The debt load of $11B against $7.01B in revenue creates a 1.57x debt-to-revenue ratio that limits financial flexibility in a rising rate environment. The analyst target range is absurdly wide at $19-$43, suggesting no real consensus on valuation, and the spread indicates analysts are confused about the company’s trajectory. Regional banks face secular headwinds from digital competition and margin compression as deposit costs rise. An insider filing on February 6th for 65,962 shares suggests someone with material knowledge is reducing exposure, not a great signal.

What to Watch

Monitor whether KEY holds the $22 support level over the next 4-6 weeks. Any break below that triggers a retest of $19, which would invalidate the bull thesis entirely. Track net interest margin trends in Q4 earnings when they report, as deposit costs are the real margin killer for regional banks right now. Watch the commercial banking commentary from Ken Gavrity at the UBS conference on February 9th and CEO Chris Gorman at the BofA conference on February 10th for guidance on loan growth and credit quality. Key revenue growth at 131.5% is exceptional but needs clarification on whether it’s organic or acquisition-driven, and whether it’s sustainable. If the stock breaks above $24.64 resistance with volume, that’s your confirmation the recent uptick has legs. Conversely, if deposits decline or net interest margin compresses more than 10-15 basis points next quarter, this becomes a sell regardless of valuation.

Analyst Consensus

BUY

Based on 21 analyst opinions

Low Target

$19.00

Mean Target

$24.33

High Target

$43.00

Earnings and Financial Data

Sector

Financial Services

Industry

Banks – Regional

Employees

17,396

Earnings & Dividends

Next Earnings

Apr 16, 2026

EPS (Trailing)

$1.52

Dividend Yield

361.0%

Payout Ratio

53.9%

Frequently Asked Questions

Is KEY a good stock to buy?

Analysts recommend a “BUY” on KeyCorp (KEY), with a target price of $24.33, suggesting potential upside from its current price of $23.21. The stock’s attractive forward P/E of 10.91 indicates it may be undervalued compared to peers.

What is KEY’s price target?

The consensus price target for KeyCorp is $24.33, which represents an upside of approximately 4.8% from its current price of $23.21. This target reflects positive sentiment among analysts regarding the stock’s growth potential.

Does KEY pay a dividend?

Yes, KeyCorp offers a substantial dividend yield of 361.0%. This high yield can be appealing for income-focused investors looking for stable returns in the financial sector.

What is KEY’s market capitalization?

KeyCorp has a market cap of $25.59 billion. This size positions it well within the regional banking industry, providing a solid presence in the market.

What is the 52-week range for KEY stock?

The 52-week range for KeyCorp stock is $12.73 to $23.23. Its current trading price near the upper end of this range indicates strong performance over the past year.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.