KEY

Wall Street analysts expect KeyCorp (KEY) to post quarterly earnings of $0.42 per share in its upcoming report, which indicates a year-over-year increase of 20%. Revenues are expected to be $1.98 billion, up 8% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. That said, let's delve into the average estimates of some KeyCorp metrics that Wall Street analysts commonly model and monitor. According to the collective judgment of analysts, 'Capital Ratios - Leverage' should come in at 10.3%. The estimate compares to the year-ago value of 10.3%. The consensus estimate for 'Capital Ratios - Tier 1 risk-based capital' stands at 12.8%. The estimate is in contrast to the year-ago figure of 13.4%. Based on the collective assessment of analysts, 'Cash efficiency ratio (non-GAAP)' should arrive at 62.1%. The estimate is in contrast to the year-ago figure of 62.4%. Analysts' assessment points toward 'Book value at period end' reaching $16.29 . Compared to the current estimate, the company reported $15.32 in the same quarter of the previous year. The consensus among analysts is that 'Average Balance - Total earning assets' will reach $172.20 billion. The estimate is in contrast to the year-ago figure of $170.00 billion. It is projected by analysts that the 'Trust and investment services income' will reach $160.93 million. Compared to the present estimate, the company reported $146.00 million in the same quarter last year. Analysts predict that the 'Investment banking and debt placement fees' will reach $181.24 million. The estimate compares to the year-ago value of $1...

KeyCorp KEY is slated to announce second-quarter 2026 results on July 21, before the opening bell. The overall impressive lending scenario in the quarter is likely to have supported the company’s net interest income (NII).Per the Fed’s latest data, the demand for commercial and industrial (C&I) loans (accounting for roughly 50% of KeyCorp’s average loan balances) was robust in the to-be-reported quarter, while the demand for consumer loans was comparatively modest. Thus, this is likely to have supported the company’s overall loan growth in the second quarter.The Zacks Consensus Estimate for KEY’s average earning assets is pegged at $172.2 billion, indicating a 1.3% rise from the prior-year quarter.After cutting rates in 2025, the Federal Reserve has paused interest rate cuts and signaled a hike later in the year. This, along with a solid lending scenario, decent economic growth and stabilizing funding/deposit costs, is expected to have supported KEY’s NII.The consensus estimate for NII (on a fully tax-equivalent basis) is pegged at $1.26 billion, indicating a year-over-year jump of 10%. Non-Interest Income: The second quarter was challenging for the mortgage banking business. It was characterized by elevated mortgage rates, hovering at mid-6% range, and low affordability. While purchase volumes faced pressure from inventory constraints, refinancing activity saw a slight boost as rates were lower than the prior-year quarter level. Given this, income from KEY’s mortgage banking business is less likely to have recorded much improvement.The Zacks Consensus Estimate for commercial mortgage servicing fees of $58 million implies a 17.1% year-over-year decline. Likewise, the consensus estimate for consumer mortgage income of $13.26 million indicates an 11.6% fall. Management projects commercial mortgage servicing fees of $50-$60 million for the second quarter.As the quarter witnessed a solid increase in asset inflows, the consensus estimate for KEY’s trust and investment services income of $160.9 million indicates a 10.2% rise from the prior-year quarter.Higher client activity and volatility in the capital markets, along with industry-wide decent deal-making activities, an impressive IPO market and solid bond issuances, are expected to have supported KeyCorp’s corresponding fee income in the to-be-reported quarter. The consensus estimate for investment banking and d...

CLEVELAND, July 15, 2026 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2026: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on September 15, 2026, to holders of record of such Common Shares as of the close of business on September 1, 2026; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and in...

Bank of America’s BAC second-quarter 2026 earnings of $1.21 per share handily surpassed the Zacks Consensus Estimate of $1.13. The bottom line grew 34.4% year over year. The company recorded an improvement in trading numbers for the 17th straight quarter. Sales and trading revenues, excluding net DVA, grew 33% year over year to $7.16 billion. Fixed-income trading fees increased 8.8%, while equity trading income soared 69.9%. Similar to the previous quarter, the company’s investment banking (IB) performance was solid this time as well. IB fees (in the Global Banking division) of $1.15 billion increased 50.5% year over year. Equity underwriting income increased 69.2%, while debt underwriting income rose 20.5% year over year. Advisory revenues grew 77.7%.Robust improvement in the trading and IB business, along with higher net interest income (NII), drove Bank of America’s total revenues. NII rose on a year-over-year basis on higher interest income related to Global Markets activity, higher loan and deposit balances, and fixed-rate asset repricing, partially offset by the impact of lower interest rates.While provisions declined in the quarter on a year-over-year basis, non-interest expenses increased, which hurt the results to some extent.The company’s net income applicable to common shareholders grew 27.2% from the prior-year quarter to $8.75 billion. Net revenues were $31.56 billion, which surpassed the Zacks Consensus Estimate of $30.62 billion. The top line rose 15% from the prior-year quarter.NII (fully taxable-equivalent basis) grew 9.1% year over year to $16.16 billion. Net interest yield expanded 14 basis points (bps) to 2.08%. Non-interest income rose 21.8% year over year to $15.56 billion. The rise was driven by higher total fees and commissions, market making and similar activities, and other income.Non-interest expenses were $18.63 billion, up 8.4% year over year. The rise was due to an increase in all cost components, except for professional fees. The efficiency ratio was 59.02%, down from 62.61% in the year-ago quarter. A fall in the efficiency ratio indicates an improvement in profitability. Provision for credit losses was $1.37 billion, down 14.2% from the prior-year quarter. Net charge-offs declined 7.4% year over year to $1.41 billion. As of June 30, 2026, non-performing loans and leases as a percentage of total loans were 0.47%, down 5 bps fro...

Wall Street expects a year-over-year increase in earnings on higher revenues when KeyCorp (KEY) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +20%. Revenues are expected to be $1.98 billion, up 8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.04% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for posit...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider KeyCorp (KEY). This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat. This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.61%. For the last reported quarter, KeyCorp came out with earnings of $0.44 per share versus the Zacks Consensus Estimate of $0.41 per share, representing a surprise of 7.32%. For the previous quarter, the company was expected to post earnings of $0.38 per share and it actually produced earnings of $0.41 per share, delivering a surprise of 7.89%. With this earnings history in mind, recent estimates have been moving higher for KeyCorp. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. KeyCorp has an Earnings ESP of +0.18% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 21, 2026. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of...

KeyCorp (KEY), headquartered in Cleveland, Ohio, operates as the holding company for KeyBank National Association. Valued at $25.1 billion by market cap, the company provides retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services. The leading regional bank is expected to announce its fiscal second-quarter earnings for 2026 before the market opens on Tuesday, Jul. 21. Ahead of the event, analysts expect KEY to report a profit of $0.43 per share on a diluted basis, up 22.9% from $0.35 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Billionaire Mark Cuban Asks If AI ‘Collapses’ And Data Centers Turn Into ‘Chuck E Cheeses,’ Would That ‘Create A Revival Of Jobs?’ As Trump Doubles Down on Quantum Computing, This Is the Top-Performing Stock to Buy YTD Why Verizon, AT&T, and T-Mobile Should Be Terrified of Elon Musk’s Next Move Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect KEY to report EPS of $1.82, up 21.3% from $1.50 in fiscal 2025. Its EPS is expected to rise 18.1% year over year to $2.15 in fiscal 2027. KEY stock has outperformed the S&P 500 Index’s ($SPX) 19.8% gains over the past 52 weeks, with shares up 35.6% during this period. Similarly, it outperformed the State Street Financial Select Sector SPDR ETF’s (XLF) 3.4% returns over the same time frame. KeyCorp beat on revenue and earnings thanks to strong execution in both lending and fees. Its commercial loan growth was broad-based across industries and geographies, with higher-yielding balances and rising utilization. Net interest margin expanded, credit quality stayed resilient, and fee businesses like wealth, investment banking, and payments grew on record M&A and equity activity. Management is deploying about $1 billion into technology and AI for better products and efficiency. On Apr. 16, KEY shares closed up marginally after reporting its Q1 results. Its revenue was $2 billion, surpassing analyst estimates of $1.9 billion. The adjusted EPS of $0.44 beat analyst estimates by 8%. Analysts’ consensus opinion on KEY stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 20 analysts covering the stock, nine advise a “Strong Buy...

CLEVELAND, May 13, 2026 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the second quarter of 2026: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on June 15, 2026, to holders of record of such Common Shares as of the close of business on June 2, 2026; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on June 15, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on June 15, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on June 15, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on June 15, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on June 15, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026. KeyCorp...

(Bloomberg) -- First-quarter earnings season is delivering Wall Street better-than-expected results, propelling US equities’ run from one record to the next. Most Read from Bloomberg Supertanker Appears to Have Crossed the Strait of Hormuz World’s Largest Container Carrier Plans Route Avoiding Hormuz Beijing Tells China Firms to Ignore US Sanctions on Refiners Philippines Says Thousands Evacuated as Mayon Volcano Erupts Iran Juggles Oil Cuts and Storage Strain to Resist US Blockade As earnings wind down for two-thirds of the stocks in the S&P 500 Index, the proportion of companies missing analysts’ estimates is hovering at the lowest level since 2021. It’s not just due to blowout earnings from technology giants, which were expected to lead the charge. S&P 500 companies outside of the tech realm have been posting the sharpest positive earnings surprises since the fourth quarter of 2024, according to Seaport Research Partners. For Wall Street investors, that’s a vote of confidence in Corporate America’s profit machine, which keeps humming along despite an oil price shock, tariff turmoil and rising worries about the health of the US consumer. “As I look at how companies have reported results, I would argue that resilient is almost too modest of a word. There’s real, obvious strength,” said Marta Norton, chief market strategist at Empower. “The foundation of the economy is proving to be very, very strong.” The strength is showing up across sectors. Small caps are on a tear, bank profits are booming and firms keep plowing past macroeconomic obstacles, though some worries still linger. Here are five themes that investors are watching play out in this reporting period: Spending Spree Microsoft Corp., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc. and Apple Inc. — which make up roughly a quarter of the S&P 500’s total market capitalization — were the headliners this week. Their earnings were generally better than expected, though Meta and Microsoft retreated amid concerns around the companies’ capital spending plans. Meanwhile, the rally in semiconductor stocks extended. Intel Corp. topped the leaderboard, soaring 114% in April, helped by an estimate-shattering sales forecast. Texas Instruments Inc. was also a notable earnings-driven gainer. After soaring nearly 50% during an 18-session winning streak last month the Philadelphia Semiconductor Index, or SOX, clo...

KeyCorp’s first quarter results reflected robust execution in both lending and fee-based businesses, outpacing analyst expectations on revenue and non-GAAP earnings. Management attributed the performance to strong commercial loan growth, disciplined cost control, and expanding net interest margin, as well as continued momentum in relationship-driven businesses such as investment banking and wealth management. CEO Chris Gorman highlighted that “commercial loan growth was strong and broad-based across industries and geographies,” and noted that returns on tangible common equity improved significantly. The quarter’s results were further supported by resilient credit quality and active capital return through share repurchases. Is now the time to buy KEY? Find out in our full research report (it’s free). Revenue: $1.95 billion vs analyst estimates of $1.94 billion (10.2% year-on-year growth, 0.7% beat) Adjusted EPS: $0.44 vs analyst estimates of $0.41 (8% beat) Adjusted Operating Income: $666 million vs analyst estimates of $739.8 million (34.1% margin, 10% miss) Market Capitalization: $23.96 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Erika Najarian (UBS) asked about client sentiment amid geopolitical volatility and private credit conditions. CEO Chris Gorman noted strong consumer credit metrics and some firming in commercial loan spreads as private credit players retrench. Ken Usdin (Autonomous) inquired about deposit trends and pricing flexibility. CFO Clark Khayat explained seasonal patterns, stable liquidity, and the ability to manage funding costs as loan growth accelerates. John Pancari (Evercore ISI) questioned competitive dynamics in lending and loan spread trends. Gorman observed potential inflection in spread compression, while Chief Risk Officer Mohit Ramani emphasized maintaining credit standards. Ryan Nash (Goldman Sachs) pressed on drivers of loan growth and conservatism in guidance. Gorman cited a 20% increase in loan backlogs and specific sector opportunities, but stressed ongoing runoff in residential mortgages and macro uncertainty. Scott Siefers (Piper Sandler) sought clarity on capital de...

Zions Bancorporation ZION reported first-quarter 2026 earnings of $1.56 per share, which beat the Zacks Consensus Estimate of $1.43. Moreover, the bottom line surged 38% from the year-ago quarter. Results were primarily aided by higher net interest income (NII) and growth in fee-based income. Higher loan and deposit balances, along with a provision benefit, provided additional support. However, a rise in non-interest expenses was a headwind. Net income attributable to its common shareholders (GAAP) was $232 million, up 37.3% year over year. We had projected the metric to be $205.6 million. Net revenues (taxable-equivalent) were approximately $860 million, up 6.7% year over year. The top line missed the Zacks Consensus Estimate of $862 million. NII was $662 million, up 6% from the prior-year quarter. The increase was mainly driven by lower funding costs and a favorable mix of earning assets. Net interest margin (NIM) expanded 17 basis points (bps) year over year to 3.27%. Our estimates for NII and NIM were $672.8 million and 3.32%, respectively. Non-interest income was $187 million, up 9% year over year. The rise was driven by an increase in almost all the components except card fees. We had projected non-interest income to be $170.7 million. Adjusted non-interest expenses were $558 million, up 4.7% year over year. Our estimate for the metric was $537.9 million. The adjusted efficiency ratio improved to 65.0% from 66.6% in the prior-year quarter. A decline in the efficiency ratio indicates an increase in profitability. As of March 31, 2026, net loans and leases held for investment were $60.6 billion, up marginally from the prior quarter. Total deposits were $76.9 billion, up 1.7% from the prior quarter. Our estimates for net loans and leases held for investment and total deposits were $61.1 billion and $76.3 billion, respectively. The ratio of non-performing assets to total loans and leases and other real estate owned declined to 0.48% from 0.51% in the year-ago quarter. Net loan and lease charge-offs were $4 million, down significantly from $16 million in the prior-year quarter. In the reported quarter, the company recorded a $7 million benefit from provision for credit losses against a $18 million provision expense in the prior-year quarter. As of March 31, 2026, the common equity tier 1 (CET1) capital ratio was 11.5%, up from 10.8% in the prior-year quarte...

TORONTO, April 17, 2026 /CNW/ - Scotiabank announced today that the expected net income contribution from its ownership interest in KeyCorp will be approximately CAD $77 million in Q2 2026. This contribution represents the Bank's share of KeyCorp's Q1 2026 net income, includes acquisition-related and other accounting impacts, is net of the Bank's associated funding costs and is reported on a one-month lag. Adjusting for the amortization of acquired intangible assets of approximately CAD $8 million, the Bank's adjusted net income contribution from KeyCorp will be approximately CAD $85 million.1 Scotiabank will release its second quarter financial results and host an earnings conference call on May 27, 2026. Conference call and audio webcast details will be announced closer to that date. About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on X @Scotiabank. FORWARD LOOKING STATEMENTS From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission (SEC), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may include, but are not limited to, statements made in this document, the Management's Discussion and Analysis in the Bank's 2025 Annual Report under the headings "O...