KeyCorp KEY recently completed the acquisition of Clearwater Corporate Finance LLP ("Clearwater UK"), a UK-based middle-market investment banking advisory firm. The transaction marks another step in expanding the company's advisory business and establishes its presence in the Western European market.
KeyCorp delivered a decent Q2 report, beating earnings estimates with robust net interest income and expanding fee businesses. KeyCorp's fee-based growth strategy, including payments and investment services, has further support the bank's growth in the second-quarter. Shares offer an attractive 3.6% dividend yield and trade at a 1.43x price-to-book, with upside revaluation potential versus peers.
KeyCorp made gains across its priority growth businesses of investment banking, commercial payments and wealth management in the second quarter, Chairman, CEO and President Chris Gorman said Tuesday (July 14).
KeyCorp (KEY) Q2 2026 Earnings Call Transcript
KeyCorp beats Q2 earnings estimates as higher net interest and fee income, lower provisions, and loan growth lift the results despite rising expenses.
KeyCorp NYSE: KEY reported higher second-quarter 2026 earnings and raised parts of its full-year outlook, citing stronger commercial loan growth, expanding net interest income and continued momentum in fee-based businesses, while management also addressed investor questions about margin performance, deposit growth and the timing of a recovery in middle-market investment banking.
The headline numbers for KeyCorp (KEY) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
KeyCorp remains a Buy with 7-8% upside and a $25 price target, supported by strong Q2 results and a robust capital position. KEY's net interest margin is expanding due to securities portfolio rollover and disciplined deposit pricing, driving visible earnings growth into 2027. Loan growth is accelerating, focused on business lending, while credit quality and reserves remain solid despite a rise in nonperforming assets.
KeyCorp (KEY) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.35 per share a year ago.
KEY's Q2 earnings are likely to have gained from C&I loan demand, higher NII and stronger fee income despite pressure in mortgage banking and higher expenses.
Get a deeper insight into the potential performance of KeyCorp (KEY) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
KeyCorp (KEY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.