How to Buy Keycorp Stock
Keycorp
Keycorp is a bank company located in Ohio, United States, which is part of the Financial Services sector, and is traded under the ticker KEY on the NYSE exchange.
Keycorp stock last closed at $14.61, down 2.14% from the previous day, and has increased 39.41% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.2 percentage points. Keycorp stock is currently +71.18% from its 52-week low of $8.54, and -7.88% from its 52-week high of $15.86.
At the moment, there are 933.84M shares of KEY outstanding. The market capitalization of KEY is $13.64B. In the last 24 hours, 15.27M KEY shares were traded.
How to Buy Keycorp Stock
Wondering how to invest in Keycorp stock? Here's how.
- Choose where to buy Keycorp stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Keycorp stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your information.
- Evaluate Keycorp stock: The Keycorp ticker symbol is KEY. Is Keycorp stock a good investment? Should you buy shares of KEY? How do KEY's underlying business fundamentals look? Do top analysts think Keycorp is a good buy? Why has KEY's stock price moved recently? (Hint: Our stock analysis website can help you decide if KEY is a good stock to buy).
- Place your KEY buy order: Decide if you will purchase KEY shares at the current market price or use a limit order to purchase KEY stock at a given price.
- Get the latest news on your KEY position: Create a watchlist to important notifications about your position in Keycorp shares.
Step 1: Choose where to buy Keycorp stock
You need an online brokerage account to access the NYSE market and buy KEY stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you are able to invest in KEY today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on the best stock trading app for beginners, you need to deposit funds:
Watch the walkthrough below for more details depositing funds into your new brokerage account.
Step 4: Evaluate Keycorp stock
After you have figured out the best place to buy Keycorp stock, it's important to analyze their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Keycorp Numbers
Keycorp Fundamentals
WallStreetZen was built to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on KEY's stock page.
Is KEY stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge KEY's fair value.
Using relative valuations ratios:
- KEY may be undervalued based on its P/E ratio of 16.42x, relative to Banks - Regional industry P/E ratio of -10.31x
- KEY could be undervalued based on its P/B ratio of 0.93x, relative to Banks - Regional industry P/B ratio of 0.99x
- KEY could be undervalued based on its PEG ratio of 0.31x
You can do additional valuation analysis on KEY's stock here.
KEY Financial Overview
Signs that KEY is financially healthy:
- KEY earnings of $1.16B is not sufficient to cover its interest payments.
Signs that KEY is not financially healthy:
- KEY's operating cash flow of $2.90B allows it to safely service it's debt of $22.65B.
- Total KEY debt is higher than 5 years ago, relative to shareholder equity.
- KEY profit margin has gone down from 26.7% to 14% in the past year.
- KEY has a relatively high debt to equity ratio of 11.86.
Do Wall Street analysts think it's a good time to buy KEY stock
Out of 13 sell side analysts who give recommendations on KEY, the consensus analyst rating on Keycorp is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest KEY Analyst Ratings
Mike Mayo, a top 10% analyst from Wells Fargo maintains KEY with a strong buy rating and raises their KEY price target from $16.00 to $18.00, on Mar 28, 2024.
An analyst from Evercore ISI Group maintains KEY with a buy rating and raises their KEY price target from $17.00 to $18.00, on Mar 28, 2024.
Manan Gosalia, a top 4% analyst from Morgan Stanley maintains KEY with a hold rating and raises their KEY price target from $12.00 to $16.00, on Feb 7, 2024.
Scott Siefers, a top 18% analyst from Piper Sandler maintains KEY with a strong buy rating and raises their KEY price target from $16.00 to $17.00, on Jan 26, 2024.
Piper Sandler's Scott Siefers raised their price target on Keycorp (NYSE: KEY) by 6.3% from $16 to $17 on 2024/01/26. The analyst maintained their Strong Buy rating on the stock.
Siefers explained their post-Q4-and-FY-2023-earnings-report price target increase by saying that "Keycorp possesses the best combination of positive touchpoints in the large regional space."
Kecorp remains Piper Sandler's favorite large regional bank, the analyst told investors.
Earnings Report
For Q4 2023 Keycorp reported:
- EPS of $0.25, which beat the Zacks Consensus Estimate of $0.22 but missed, by 34.2%, Q4 2022's $0.38.
- Revenue of $1.53B, which beat the Zacks Consensus Estimate by 0.76% but missed Q4 2022's $1.89B by 19%.
- Net interest income of $928M, down 24.4% Y/Y.
- Noninterest income of $610M, down 9.1% Y/Y.
For FY 2024, management guided:
- Net interest income down 2% to 5% Y/Y.
- Noninterest income up 5%+.
- Relatively stable noninterest expense.
Chairman & CEO Chris Gorman commented: "Underlying performance in the quarter was solid. Net interest income stabilized, expenses were well-controlled, credit costs remained low, and our capital position continued to improve.
"We also continued to invest in our differentiated fee-based businesses which we anticipate will gain traction as conditions improve in the capital markets.
"We executed on our strategic priorities and steadfastly served our clients while navigating a turbulent year. In 2023, we grew relationship deposits, improved balance sheet resiliency, exceeded our goal of reducing risk-weighted assets, maintained expense discipline, and benefited from our de-risked loan portfolio and distinctive underwrite-to-distribute model.
"I am fully confident these actions will position Key to deliver sound, profitable growth, realize our earnings potential, and drive substantive value for all of our stakeholders in the years ahead."
Peter Winter, a top 28% analyst from DA Davidson maintains KEY with a strong buy rating and lowers their KEY price target from $17.00 to $16.00, on Jan 19, 2024.
You can dive deeper into what analysts are saying on the Keycorp stock forecast page.
KEY Trading Indicators
KEY Growth Numbers
Last year, KEY earnings were $824.00M. In the past five year, KEY's earnings have grown by -12.45% per year. This was slower than the Banks - Regional industry average of 17.48%.
Last year, KEY revenue was $5.89B. During the last 5 year, KEY's revenue has grown by -0.94% per year. This was slower than the Banks - Regional industry average of 7.5%.
You can analyze KEY's earnings and revenue performance here.
Who is buying/selling KEY?
In the past 12 months, executives and large shareholders at KEY have sold more shares than they have bought.
Carlton L. Highsmith, Director of KEY, was the latest KEY insider to sell. They sold $113,250.00 worth of KEY shares on Mar 8, 2024.
Dig into more about who owns KEY stock here.
Does KEY provide a stable income stream?
Keycorp pays a dividend of 5.61%, compared to the Banks - Regional industry's average dividend yield of 3.86%. If you owned $1,000 of KEY stock, you would have received $56.13 in the past 12 months.
Keycorp dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Keycorp dividend yield and history here.
What do other investors have to say about KEY?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your KEY buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Click the Open button and eToro will place your order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your KEY position
Now that you own some KEY stock, you'll want to stay up-to-date on your new company.
Add KEY to a watchlist to see the latest developments about your KEY stock.
KEY Feed
How to Buy Stock in Keycorp
To reiterate, here are the 6 steps you need to take to buy Keycorp stock right now:
- Choose where to buy Keycorp stock
- Create a brokerage account
- Fund your investment account
- Evaluate Keycorp stock
- Place your KEY buy order
- Get the latest news on your KEY position
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Keycorp, create your watchlist below.
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