KeyCorp

KEY · NYSE

$20.81+$0.89 (+4.47%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $19.92

KEY analyst rating

BuyConsensus of 16 analysts over the last 12 months. 69% rate it a buy.

Strong buy0
Buy11
Hold5
Underperform0
Sell0

12-month price target · 20 analysts

Average $25.46 (+22.3% upside)

Low: $22.22
Now: $20.81
High: $29.40

Upgrades and downgrades

The latest rating actions, newest first

KEY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Oct 8, 2026	Initiates	Buy	$23.00	50%
UBS	Oct 5, 2026	Maintains	Buy	$27.00 → $25.00	50%
JP Morgan	Oct 2, 2026	Maintains	Neutral	$24.50 → $23.00	46%
Evercore ISI Group	Oct 1, 2026	Maintains	Outperform	$26.00 → $24.00	49%
Truist Securities	Sep 23, 2026	Maintains	Hold	$24.00 → $23.00	59%
Stephens & Co.	Sep 15, 2026	Maintains	Overweight	$26.00	63%
Keefe, Bruyette & Woods	Jul 22, 2026	Maintains	Outperform	$25.00 → $26.00	66%
DA Davidson	Jul 22, 2026	Maintains	Buy	$28.00	61%
RBC Capital	Jul 22, 2026	Maintains	Outperform	$24.00 → $25.00	67%
Baird	Jul 22, 2026	Maintains	Neutral	$22.00 → $23.00	67%

The case for and against

Updated Oct 14, 2026

Bull case

KeyCorp is viewed favorably because it has emerged from a successful turnaround with a stronger balance sheet, improved earnings power, and renewed growth momentum, helped materially by the Scotiabank investment. Commercial loan growth remains strong, quarter-to-date deposits have exceeded loan growth by more than $1 billion, and deposit costs are still only a basis point or 2 so far, supporting stable funding and net interest margin expansion. With benign credit trends, a 9.5%-10% CET1 target, and a path to 15%+ ROTCE by 2027, its middle-market focus and expanding fee businesses suggest durable earnings and valuation upside.

Bear case

KeyCorp is exposed to weakening credit quality, interest-rate sensitivity, and a highly regulated, competitive banking environment, all of which can compress net interest income and raise loan-loss provisions. Its middle-market commercial focus and concentration in Ohio, New York, and Washington increase vulnerability to a weaker regional economy, while deposit outflows or earnings pressure could constrain capital and liquidity. With the company’s path toward targeted returns dependent on stronger NIM expansion and earnings recovery, slower-than-expected improvement or integration disappointment could delay fundamental progress.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.