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Valued at a market cap of $18.9 billion, KeyCorp (KEY) is a bank holding company headquartered in Cleveland, Ohio. It provides a wide range of retail and commercial banking products and services, including personal and business loans, deposits, and payment solutions. In addition, the company also offers commercial leasing, investment management, consumer finance, and investment banking services. It is expected to announce its fiscal Q2 earnings for 2025 before the market opens on Monday, Jul. 21.
Ahead of this event, analysts expect this bank to report a profit of $0.34 per share, up 36% from $0.25 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street’s earnings estimates in each of the last four quarters. In Q1, KEY’s EPS of $0.33 topped the forecasted figure by 3.1%.
For fiscal 2025, analysts expect KEY to report a profit of $1.42 per share, up 22.4% from $1.16 per share in fiscal 2024. Its EPS is expected to further grow 20.4% year-over-year to $1.71 in fiscal 2026.
KEY has rallied 26.4% over the past 52 weeks, outpacing the S&P 500 Index's ($SPX) 12.6% rise. However, it has slightly lagged behind the Financial Select Sector SPDR Fund’s (XLF) 26.8% return over the same time frame.
On Apr. 17, shares of KEY rose 1.4% after its Q1 earnings release. Due to a solid growth in its net interest income and higher noninterest income, the company’s overall revenue advanced 15.7% year-over-year to $1.8 billion and surpassed the consensus estimates. Moreover, its adjusted EPS of $0.33 improved 50% from the year-ago quarter, exceeding Wall Street estimates by 3.1%. Higher revenue and lower noninterest expenses supported its profitability.
Wall Street analysts are moderately optimistic about KEY’s stock, with a "Moderate Buy" rating overall. Among 22 analysts covering the stock, nine recommend "Strong Buy," two suggest “Moderate Buy,” and 11 indicate “Hold.” The mean price target for KEY is $18, which indicates a 4.5% potential upside from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
