KeyCorp stock slips 1.17 percent as Q2 earnings grow

Published on 09/23/2026 at 22:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KeyCorp stock traded at USD 20.24 on September 23, 2026, while Q2 diluted EPS rose 26 percent year over year. Net interest margin reached 2.89 percent and the 2026 outlook targets 7 to 8 percent revenue growth.

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KeyCorp (ISIN US4932671088) traded at USD 20.24 on the NYSE on September 23, 2026, down 1.17 percent from the prior close. The second quarter delivered diluted EPS of USD 0.44, up 26 percent year over year, as revenue increased 7 percent.

Q2 earnings improve

According to Benzinga, KeyCorp reported those second quarter 2026 figures alongside 9 percent growth in pre-provision net revenue. Tax-equivalent net interest income increased 9 percent year over year and 2 percent sequentially.

The margin moved to 2.89 percent in Q2 2026, 2 basis points above the prior quarter. Management said it is targeting a net interest margin of at least 3 percent by year-end 2026, making loan growth and asset repricing central to the earnings trajectory.

Guidance raises the bar

The 2026 outlook calls for revenue growth of 7 to 8 percent and net interest income growth of 9 to 11 percent. Average loan growth is projected at 4 to 5 percent, while average commercial loan growth is expected at 8 to 10 percent.

KeyCorp also expects expense growth of 3 to 4 percent and plans at least USD 1.3 billion in share repurchases during 2026. The combination of 7 percent Q2 revenue growth and a 2.89 percent margin gives investors two separate gauges for the second half: operating expansion and funding costs.

Analyst target moves lower

As MarketScreener reported on September 22, 2026, Stephens maintained an Overweight rating but reduced its price target from USD 26 to USD 25. The target remains above the September 23 price, while the stock carried a market capitalization of USD 21,846,448,800 on that date.

KeyCorp was trading at USD 20.24 on the NYSE on September 23, 2026. Its 1.17 percent daily decline contrasts with the Q2 earnings increase, leaving margin delivery and the updated revenue range as the clearest near-term performance markers.