Revenue segments as reported by the company.

Net interest income

Noninterest income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for credit losses

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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OpEx Y/Y

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

KeyCorp

KeyCorp operates as a bank holding company, which engages in the provision of financial services. It provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients. The firm operates through the following segments: Consumer Bank and Commercial Bank. The Consumer Bank segment offers deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit card, treasury services, and business advisory services. The Commercial Bank segment engages in serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology. The company was founded in 1958 and is headquartered in Cleveland, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

KeyCorp reports solid Q4 earnings, eyes NII growth opportunities

KeyCorp's Q4 performance reflects a balanced approach to growth and risk management, with a focus on maintaining strong credit quality.
While facing challenges in fee income and loan growth, the company is poised to leverage opportunities in NII growth and efficient capital management strategies.
Investors can expect KeyCorp to continue prioritizing client support, dividend payments, and prudent expense management in 2023, aiming for positive operating leverage.

KeyCorp reports strong Q1 earnings, navigates challenges with strategic investments

KeyCorp's Q1 performance was driven by strong earnings, robust credit quality, and diverse deposit sources. The company is strategically managing challenges in NII, expenses, and regulatory uncertainties.
Despite facing challenges in NII and expenses, KeyCorp's strengths lie in its strong capital position, fee-based businesses, and proactive risk management. Opportunities for growth include investments in technology and deposit growth.
KeyCorp's focus on relationship-based businesses, value delivery to shareholders, and expense management positions it well for long-term success. The company is navigating uncertainties with strategic investments and a positive outlook.

KeyCorp excels in Q2 with strong performance and strategic focus

KeyCorp's Q2 2023 earnings call highlighted robust performance in key business segments, strategic initiatives to drive growth, and proactive risk management practices. While facing challenges in optimizing the balance sheet and managing net interest income, the company remains focused on leveraging opportunities to enhance profitability and client relationships.

KeyCorp reports solid Q3 earnings, eyes growth amid risk challenges

KeyCorp's Q3 performance reflects a robust financial position, marked by strong earnings, improved capital ratios, and a focus on sustainable growth strategies.
While challenges like interest rate risks and cost optimization persist, the company's strengths in risk management and revenue diversification offer resilience.
Strategic opportunities in fee income growth, relationship banking, and expense management underscore KeyCorp's commitment to long-term value creation and stability.

KeyCorp reports Q4 earnings impacted by expenses, focuses on stability

KeyCorp's Q4 performance reflects earnings impacted by expenses but with strong credit quality and expense management.
The bank's strengths lie in fee income stability, prudent risk management, and a customer-centric approach to remain competitive.
Challenges include nonperforming assets, deposit pricing adjustments, and balancing expenses with necessary investments, while opportunities exist in loan growth and proactive rate adjustments.

KeyCorp reports solid Q1 earnings, focuses on strategic growth

KeyCorp's Q1 performance showed solid earnings and controlled expenses.
While facing challenges in deposits and net interest income, opportunities lie in strategic partnerships and growth areas.
Maintaining a focus on fee-centric businesses and customer relationships is key for future success.
Overall, KeyCorp's proactive approach positions it well for growth and stability in a changing environment.

KeyCorp reports resilient Q3 performance, eyes strategic growth opportunities

KeyCorp demonstrated solid financial performance with growth in key segments and strong capital metrics.
Challenges include managing expenses and deposit costs while seizing opportunities for strategic growth.
The company's conservative credit quality and proactive approach position it well for future stability and potential M&A.
Overall, KeyCorp's Q3 performance reflects resilience and strategic focus amidst market challenges.

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KeyCorp is a bank holding company, which engages in the provision of financial services. It provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients. The firm operates through the Consumer Bank and Commercial Bank segments. The Consumer Bank segment offers deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit card, treasury services, and business advisory services. The Commercial Bank segment engages in serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology. The company was founded in 1958 and is headquartered in Cleveland, OH.

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Billionaires Are Bullish On These Big Dividends

CLEVELAND , Jan. 23, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced placement of $50 million in deposits with six Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), including four Black-owned banks or managed banks and two banks serving Alaskan Native and Native American communities. As a founding member of the Economic Opportunity Coalition, KeyBank is pioneering the support of placing deposits with urban and rural community lending institutions to further enhance their ability to serve historically under-resourced communities.

KEYBANK PARTNERS WITH COMMUNITY LENDING INSTITUTIONS TO PROVIDE $50 MILLION IN ACCESS TO CAPITAL

According to KeyBank's annual Financial Mobility Survey, Americans are prioritizing happiness over status and achievement but remain concerned about the financial year ahead CLEVELAND , Jan. 22, 2024 /PRNewswire/ -- The KeyBank 2024 Financial Mobility Survey, released today, finds that a resounding 66% of Americans would rather work a job they love with a lower paying salary than work a job they hate with a higher paying salary (34%). Simultaneously, a quarter of Americans say they're spending more and saving less, up from years prior (15% in 2022 and 13% in 2021), and 60% believe we are in or will soon be in a recession—pointing to an environment in which Americans are prioritizing happiness while bracing for economic challenges.

Americans Say Money Isn't Buying Happiness, Even as Savings Shrink, Finds KeyBank Survey

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KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods.  They rose to $76 million during the quarter, up from $74 million in the previous quarter and $41 million a year earlier, the bank said in a Thursday (Jan. 18) earnings release.

KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs

KeyCorp (KEY) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for KeyCorp (KEY) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

KeyCorp (KEY) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Lower provisions support KeyCorp's (KEY) Q4 earnings. Weakness in revenues, decline in loans and deposit balance and higher expenses act as headwinds.

KeyCorp (KEY) Slides Despite Q4 Earnings Beat, Revenues Down

KeyCorp (KEY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.38 per share a year ago.

KeyCorp (KEY) Surpasses Q4 Earnings and Revenue Estimates

Fourth quarter 2023 net income reflects $209 million of after-tax expenses, or $.22 per share, from the following items: FDIC special assessment, efficiency related expenses, and a pension settlement charge Strong capital position: Common Equity Tier 1 of 10.0%(a), above targeted range Exceeded 2023 full year balance sheet optimization goal: $14 billion reduction in risk-weighted assets(b)  Solid credit quality: net charge-offs to average loans of 26 basis points CLEVELAND , Jan. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced net income from continuing operations attributable to Key common shareholders of $30 million, or $.03 per diluted common share, for the fourth quarter of 2023. This compared to $266 million, or $.29 per diluted common share, for the third quarter of 2023 and $356 million, or $.38 per diluted common share, for the fourth quarter of 2022.

KEYCORP REPORTS FOURTH QUARTER 2023 NET INCOME OF $30 MILLION, OR $.03 PER DILUTED COMMON SHARE

High interest rates, decent loan demand and business expansion efforts are likely to keep supporting KeyCorp's (KEY) financials. However, a rise in expenses and weak asset quality remain concerns.

KeyCorp's (KEY) Expansion Efforts, High Rates Aid Amid Cost Woes

KeyCorp (KEY) closed at $14.20 in the latest trading session, marking a -1.32% move from the prior day.

KeyCorp (KEY) Stock Drops Despite Market Gains: Important Facts to Note

Get a deeper insight into the potential performance of KeyCorp (KEY) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Countdown to KeyCorp (KEY) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Veteran banker will lead a team that will build on Key's progress in reaching consumer clients in low-to-moderate income and diverse segments, and strengthen the bank's connection to the communities it serves CLEVELAND , Jan. 12, 2024 /PRNewswire/ -- KeyBank has named Rachael Sampson Head of Community Banking for its Consumer Bank. In this newly created role, Sampson will lead teams responsible for the strategy, implementation and execution of a variety of consumer products and services designed to acquire and deepen relationships with clients in low-to-moderate income and diverse segments, as well as the national consumer sales strategy for these segments.

KeyBank Names Rachael Sampson Head of Community Banking for the Consumer Bank

Muted loan growth and weak investment banking are expected to have hurt KeyCorp's (KEY) fourth-quarter 2023 results.

Lower NII, Fee Income to Hurt KeyCorp's (KEY) Q4 Earnings

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.

Earnings Preview: KeyCorp (KEY) Q4 Earnings Expected to Decline

CLEVELAND , Jan. 10, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Vernon Patterson, Director of Investor Relations, will retire in the spring of 2024, and will be succeeded by Brian Mauney, effective March 1. "Vern has made a lasting impact on the way Key shares its financial story to our shareholders, clients, and teammates over the course of his 30 years at the company," said Chris Gorman, Chairman and Chief Executive Officer, KeyCorp. "His leadership, wise counsel, and focus on building strong relationships with our investors and equity analysts have helped Key navigate both prosperous and challenging times over the years.

KEYCORP ANNOUNCES RETIREMENT OF VERNON PATTERSON, DIRECTOR OF INVESTOR RELATIONS; BRIAN MAUNEY JOINS KEY AS SUCCESSOR

CLEVELAND , Jan. 10, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on March 15, 2024, to holders of record of such Common Shares as of the close of business on February 27, 2024;   A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on March 15, 2024 to holders of record as of the close of business on February 29, 2024, for the period commencing on (and including) December 15, 2023 to (but excluding) March 15, 2024;   A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on March 15, 2024 to holders of record as of the close of business on February 29, 2024, for the period commencing on (and including) December 15, 2023 to (but excluding) March 15, 2024;   A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on March 15, 2024 to holders of record as of the close of business on February 29, 2024, for the period commencing on (and including) December 15, 2023 to (but excluding) March 15, 2024;   A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on March 15, 2024 to holders of record as of the close of business on February 29, 2024, for the period commencing on (and including) December 15, 2023 to (but excluding) March 15, 2024; and   A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on March 15, 2024 to holders of record as of the close of business on February 29, 2024, for the period commencing on (and including) December 15, 2023 to (but excluding) March 15, 2024.

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

CLEVELAND , Jan. 9, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Darrin Benhart, Deputy Chief Risk Officer, has been named the bank's Chief Risk Officer, effective January 1, 2024.  Darrin succeeds Mark Midkiff, whose long-planned retirement was announced in November and who will remain at the bank through a transition period.

KEYCORP NAMES DARRIN BENHART AS CHIEF RISK OFFICER

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In December, we (my wife and I) received a dividend income total of $10,193.04. Crossed the $10k threshold, again. Vanguard's High Dividend Yield ETF, which we have been buying for 3.5 years, literally has paid immense dividends.

Dividend Income Summary: Lanny's December 2023 Summary

Chosen community organizations will use grant dollars to improve the lives of Northeast Ohioans CLEVELAND, Jan. 3, 2024 /PRNewswire/ -- KeyBank and the KeyBank Foundation announced it has supported twelve non-profit organization in 2023 with grants totaling more than $6 million to further their missions of improving Northeast Ohio. The grant dollars will support workforce development, education, and diversity, equity and inclusion (DEI) initiatives.

KeyBank Foundation Invests More than $6 Million in 12 Cleveland Area Non-Profit Organizations

KeyCorp (KEY) concluded the recent trading session at $14.54, signifying a +0.14% move from its prior day's close.

KeyCorp (KEY) Laps the Stock Market: Here's Why

Donations total $347,000 for twenty-one organizations across the state of Maine   PORTLAND, Maine , Dec. 28, 2023 /PRNewswire/ -- KeyBank and KeyBank Foundation announce (21) twenty-one charitable donations made recently to nonprofit organizations in Maine.  The gifts focus support to address homelessness, food insecurity, financial literacy, preventative healthcare and more.

KeyBank announces charitable donations to Maine nonprofits

Donations total $345,000 given to twenty-five organizations HARTFORD, Conn. , Dec. 21, 2023 /PRNewswire/ -- KeyBank announces (25) twenty-five charitable donations made by KeyBank Foundation, the bank's charitable foundation to nonprofit organizations throughout its Connecticut and Western Massachusetts market.

KeyBank announces KeyBank Foundation grants to Connecticut and Western Massachusetts nonprofits

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Bank stocks have lagged behind the broad market for most of 2023, and the failure of three large institutions early in the year may have left a sour taste in investors' mouths. But some bank stocks are attractively priced right now, and targeted investments in the sector may turn out to be lucrative in 2024.

News for KeyCorp Stock (KEY)