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KeyCorp (KEY)

Company Profile

Company profile

Ticker

KEY, KEY-PJ, KEY-PK, KEY-PI, KEY-PL

Exchange

Website

CEO

Mr. Christopher Marrott Gorman

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Bank of America • Citigroup • Wells Fargo & Company • U.S. Bancorp • The PNC Financial Services Group, Inc. • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial ...

Former names

KEYCORP/NEW, SOCIETY CORP

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Parent Company ...

IRS number

346542451

KEY stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$21.14

Low target

$19.00

High target

$22.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

Results of Operations and Financial Condition

Departure of Directors or Certain Officers

KeyCorp and Scotiabank Complete Strategic Minority Investment

KeyCorp and Scotiabank Receive Regulatory Approval To

Quarterly report

6 Nov 24

Results of Operations and Financial Condition

KeyCorp and Scotiabank Complete Initial Tranche of Strategic Minority Investment

Entry into a Material Definitive Agreement

KeyCorp Receives Strategic Minority Investment from Scotiabank

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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OF NOVA SCOTIA BANK

ALEXANDER M CUTLER

Devina A Rankin

Richard J Tobin

Financial summary

Financial statements Chart KEY financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.28 bn	1.28 bn	1.28 bn	1.28 bn	1.28 bn	1.28 bn
Cash burn (monthly)	16.67 mm	(no burn)	168.67 mm	(no burn)	401.67 mm	41.42 mm
Cash used (since last report)	66.84 mm	n/a	676.38 mm	n/a	1.61 bn	166.09 mm
Cash remaining	1.21 bn	n/a	599.62 mm	n/a	-334.75 mm	1.11 bn
Runway (months of cash)	72.5	n/a	3.6	n/a	-0.8	26.8

Beta Read what these cash burn values mean

Financial data from KeyCorp earnings reports.

Institutional ownership, Q3 2024

KEY institutional ownership history Ownership history

72.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	781	774	+0.9%
Opened positions	98	96	+2.1%
Closed positions	91	94	-3.2%
Increased positions	261	294	-11.2%
Reduced positions	295	249	+18.5%

13F shares	Current	Prev Q	Change
Total value	12.32 tn	10.28 tn	+19.8%
Total shares	797.39 mm	764.22 mm	+4.3%
Total puts	6.29 mm	4.87 mm	+29.3%
Total calls	9.25 mm	8.11 mm	+14.1%
Total put/call ratio	0.7	0.6	+13.3%

Largest owners	Shares	Value	Change
Vanguard	109.18 mm	$1.83 tn	-0.6%
BlackRock	91.61 mm	$1.53 tn	NEW
BNS The Bank of Nova Scotia	47.93 mm	$802.77 bn	+26947.8%
STT State Street	45.94 mm	$769.55 bn	+0.1%
FMR	41.49 mm	$695.01 bn	-25.0%
T. Rowe Price	34.66 mm	$580.51 mm	+160.8%
Charles Schwab Investment Management	31.61 mm	$529.41 bn	+3.2%
Fuller & Thaler Asset Management	26.12 mm	$437.53 bn	-5.1%
Geode Capital Management	21.70 mm	$362.25 bn	-0.1%
Diamond Hill Capital Management	20.01 mm	$335.17 bn	-1.4%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-99.93 mm	EXIT
BlackRock	91.61 mm	+91.61 mm	NEW
BNS The Bank of Nova Scotia	47.93 mm	+47.75 mm	+26947.8%
T. Rowe Price	34.66 mm	+21.37 mm	+160.8%
FMR	41.49 mm	-13.84 mm	-25.0%
Balyasny Asset Management	8.40 mm	+8.40 mm	NEW
Norges Bank	0.00	-7.79 mm	EXIT
Azora Capital	5.52 mm	+5.52 mm	NEW
Assenagon Asset Management	4.98 mm	+3.67 mm	+280.3%
IVZ Invesco	16.78 mm	-3.59 mm	-17.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

KEY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Jan 25	Hayes Robin	Common Shares	Option exercise	Acquire M	No	No	0	704	0.00	18,236
24 Jan 25	Hayes Robin	Deferred Shares Common Shares	Option exercise	Dispose M	No	No	0	704	0.00	53,875
23 Jan 25	Mohit Ramani	RSU Common Shares	Grant	Acquire A	No	No	0	117,344	0.00	117,344
2 Jan 25	Wilson David K	Common Shares	Option exercise	Acquire M	No	No	0	1,625	0.00	50,871
2 Jan 25	Wilson David K	Deferred Shares Common Shares	Option exercise	Dispose M	No	No	0	1,625	0.00	55,784
1 Jan 25	Elizabeth R. Gile	Common Shares	Option exercise	Acquire M	No	No	0	4,114	0.00	40,881
1 Jan 25	Elizabeth R. Gile	Deferred Shares Common Shares	Option exercise	Dispose M	No	No	0	4,114	0.00	113,166
1 Jan 25	Wilson David K	Common Shares	Option exercise	Acquire M	No	No	0	8,440	0.00	49,246
1 Jan 25	Wilson David K	Deferred Shares Common Shares	Option exercise	Dispose M	No	No	0	8,440	0.00	57,409

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

RBC Capital Reiterates Outperform on KeyCorp, Maintains $18 Price Target

RBC Capital analyst Gerard Cassidy reiterates KeyCorp (NYSE:KEY) with a Outperform and maintains $18 price target.

Stephens & Co. Reiterates Overweight on KeyCorp, Maintains $20 Price Target

Stephens & Co. analyst Terry McEvoy reiterates KeyCorp (NYSE:KEY) with a Overweight and maintains $20 price target.

DA Davidson Maintains Buy on KeyCorp, Lowers Price Target to $21

DA Davidson analyst Peter Winter maintains KeyCorp (NYSE:KEY) with a Buy and lowers the price target from $22 to $21.

KeyCorp Analysts Slash Their Forecasts After Q4 Results

Keefe, Bruyette & Woods Maintains Outperform on KeyCorp, Lowers Price Target to $21

Press releases

From Benzinga Pro

KeyBank Begins Bicentennial Celebration of its Enduring Commitment to Clients, Teammates and Communities

Year-long celebration will highlight the bank's 200-year history and show that yesterday, today, and tomorrow, Key will be here to serve clients and communities CLEVELAND, Jan. 28, 2025 /PRNewswire/ -- Today, KeyBank

KEYCORP REPORTS FOURTH QUARTER 2024 NET LOSS OF $(279) MILLION, OR $(.28) PER DILUTED COMMON SHARE, AND ADJUSTED NET INCOME OF $378 MILLION, OR $.38 PER DILUTED COMMON SHARE(a)

Revenue of $865 million; Adjusted for selected items(a), revenue up 16% year-over-year Net interest income up 10% linked quarter Momentum across investment banking, payments, and wealth management fees up 27%

KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS; SETS ANNUAL MEETING DATE

CLEVELAND, Jan. 16, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2025: A cash dividend of $0.205 per share on the

KEYCORP ANNOUNCES APPOINTMENT OF MOHIT RAMANI AS CHIEF RISK OFFICER

New Study Shows Financial Imposter Syndrome Fuels Consumer Anxieties

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