KeyCorp stock falls 1.02 percent as analysts cut targets

Published on 09/29/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KeyCorp stock was last at USD 20.40 on September 28, 2026, after Jefferies cut its target to USD 22.00. Second-quarter EPS beat consensus at USD 0.44.

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KeyCorp stock (ISIN US4932671088) was last at USD 20.40 on the NYSE on September 28, 2026, down 1.02 percent from the prior close. The latest analyst reset came from MarketBeat on September 24, 2026, which reported that Jefferies cut its target from USD 24.00 to USD 22.00 and kept a hold rating.

Analysts lower their targets

The Jefferies move followed a separate target reduction by Truist Financial. According to MarketBeat on September 23, 2026, Truist lowered its target from USD 24.00 to USD 23.00 while maintaining a hold rating.

The two revisions put the immediate emphasis on valuation and execution rather than on a single quarterly miss. KeyCorp still delivered adjusted market signals in the latest quarter, but the target cuts show that analysts are applying a more cautious ceiling to the shares.

Second-quarter earnings beat EPS estimates

StockTitan reported that KeyCorp earned USD 0.44 in diluted EPS in the second quarter of 2026, compared with USD 0.42 consensus and USD 0.35 in the year-earlier quarter. Taxable-equivalent revenue reached USD 1.96 billion, up 6.7 percent year over year, while net interest income rose 9.4 percent to USD 1.26 billion.

The earnings mix matters because the revenue increase was paired with a 2.89 percent net interest margin and higher personnel costs. For investors, the comparison is clear: earnings exceeded consensus by USD 0.02, while revenue came in below the USD 1.97 billion estimate cited by MarketBeat.

Guidance points to higher interest income

KeyCorp's September 2026 investor presentation outlined a stronger full-year operating framework. StockTitan reported first-half 2026 taxable-equivalent revenue of USD 3.917 billion, up 8 percent from the first half of 2025, and diluted EPS of USD 0.88, up 28 percent.

Management projects 2026 revenue growth of 7 percent to 8 percent and net interest income growth of 9 percent to 11 percent. The planned fourth-quarter 2026 net interest margin range is 3.00 percent to 3.05 percent, compared with 2.89 percent in the second quarter.

KeyCorp stock stays below its yearly high

KeyCorp stock was last at USD 20.40 on the NYSE on September 28, 2026, with a 52-week range of USD 16.47 to USD 24.07. Market capitalization stood at USD 22.0 billion and session volume reached 18,479,416 shares.