
KeyCorp (KEY) Stock Forecast & Price Target
KeyCorp (KEY) Analyst Ratings
Bulls say
KeyCorp's financial performance indicates robust growth, highlighted by a $6 million increase in Investment Banking and Debt Placement Fees and a $4 million rise in Trust Fees & Commissions, with investment banking revenues increasing by 19% to $353 million over the first half of the year. The bank's net interest income rose 3.7% quarter-over-quarter to $1.193 billion, driven by a 9 basis point increase in the net interest margin, which reached 2.75%, reflecting effective balance sheet management and favorable rate impacts. Additionally, KeyCorp's tangible common equity (TCE) ratio improved to 8.06%, and the common equity tier 1 (CET1) ratio increased to 10.3%, indicating solid capital adequacy and supporting continued financial stability.
Bears say
KeyCorp's stock outlook appears negative due to a significant decrease in key lending segments, with Consumer, Commercial Real Estate, and lease financing all experiencing substantial declines, contributing to an overall lower average loan growth forecast. The reduction in total revenue from $7.992 billion to $7.933 billion, alongside a modest adjustment in anticipated fee income, indicates weakening financial performance prospects. Additionally, while capital levels remain strong, the potential for increased credit losses and slower loan growth in a recession scenario further undermines confidence in the company's future profitability.
This aggregate rating is based on analysts' research of KeyCorp and is not a guaranteed prediction by Public.com or investment advice.
KeyCorp (KEY) Analyst Forecast & Price Prediction
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