
KeyCorp (KEY) Stock Forecast & Price Target
KeyCorp (KEY) Analyst Ratings
Bulls say
KeyCorp demonstrates a strong financial outlook, with a notable increase in net interest income (TE) of 10.4% quarter-over-quarter, reaching $1.061 billion in 4Q24, which exceeded forecasts. The bank's strong performance in fee income is equally impressive, with core fee income rising by 11% quarter-over-quarter to $722 million, further validating its effective hybrid community/corporate banking model. Additionally, KeyCorp's CET1 ratio improved significantly by 120 basis points to 12%, underpinned by a strategic $2 billion investment, showcasing a solid capital position that supports future growth initiatives.
Bears say
KeyCorp's financial outlook is negatively impacted by a notable decline in average Commercial and Industrial (C&I) loans, which fell to $52.9 billion, a significant decrease from both the previous quarter and the prior year. Additionally, period-end loans experienced a decrease of $1.1 billion, and the bank is grappling with a multi-quarter trend of declining average commercial and consumer loans, highlighting weakened lending activity. The forecast for net interest income growth has been adjusted downward to 20.9%, and the overall loan growth outlook has shifted to a projected decline of 2-5%, indicating ongoing challenges in effectively managing asset growth in a competitive environment.
This aggregate rating is based on analysts' research of KeyCorp and is not a guaranteed prediction by Public.com or investment advice.
KeyCorp (KEY) Analyst Forecast & Price Prediction
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