KeyCorp's net interest income has risen from roughly $887M in Q2 2024 to about $1.3B in Q3 2026, with 9.8% year-over-year growth in the latest quarter, suggesting loan volume and repricing are offsetting funding pressure.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Net interest income grew 9.8% year-over-year to about $1.3B in Q3 2026, but the net interest margin of roughly 0.7% and a volatile fee line that swung from $782M to zero across recent quarters leave earnings quality dependent on fee stability.
Kohl's is considered deeply undervalued due to its significant real estate holdings, estimated to be worth between $5 billion and $10 billion. This real estate is largely unrecognized by the market, leading some to view Kohl's as essentially a real estate company with a retail business.
Kohl's has experienced extremely high short interest, with a significant percentage of its float sold short. This creates the potential for a short squeeze, where a rapid increase in the stock price forces short sellers to buy back shares, further driving up the price.
Concerns about Kohl's debt are considered overblown by some analysts. The company has no major debt maturities until 2030, and recent financial maneuvers suggest efforts to unlock hidden asset value.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 20, 2026 | $0.51+9.8% vs $0.46 | $2.0B-0.2% vs $2.0B |
Q3 2026 Jul 21, 2026 | $0.44+4.2% vs $0.42 | $2.0B-0.3% vs $2.0B |
Q2 2026 Apr 16, 2026 | $0.44+6.4% vs $0.41 | $2.0B+0.8% vs $1.9B |
Q1 2026 Jan 20, 2026 | $0.41+5.9% vs $0.39 | $2.0B+2.2% vs $2.0B |
Investors with an interest in Banks - Major Regional stocks have likely encountered both KeyCorp (KEY) and Northern Trust Corporation (NTRS). But which of these two stocks presents investors with the better value opportunity right now?
KeyCorp delivered strong Q3 results, beating earnings estimates on robust commercial loan growth and higher net interest income. KEY's net interest income rose 10% year-over-year, with total revenues up 8% and earnings up 18%, reflecting a favorable lending environment. Shares trade at 1.23x book value versus a 1.21x 3-year average, suggesting valuation upside as commercial loan growth and rate hikes persist.
Earnings Per Share: $0.51, up 24% year over year.Revenue: Record quarterly revenue over $2 billion, up 8% year over year.Pre-Provision Net Revenue (PPNR): Recor
Commercial and industrial loans grew 5% sequentially in the third quarter. Average total deposits increased by $3.6 billion during the third quarter.
Benchmark KEY against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for KeyCorp (KEY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $20.85 | $22.5B | 10.47 | 69.31% | 29.3% | 10.88% | 4.62% | |
| $28.31 | $24.16B | 10.56 | 6.25% | 29.89% | 12.26% | 3.66% | |
| $63.24 | $26.74B | 11.87 | -5.85% | 25.4% | 8.74% | 2.74% | |
| $15.47 | $31.26B | 12.72 | 10.58% | 24% | 8.17% | 3.9% | |
| $53.04 | $48.07B | 18.98 | 8.37% | 21.86% | 8.3% | 3.28% | |
| $217.75 | $31.56B | 10.48 | -4.98% | 30.21% | 10.65% | 2.64% |
KeyCorp (KEY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
KeyCorp (KEY) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 2, 2026·SEC
Oct 20, 2026·SEC
Aug 14, 2026·SEC
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KeyCorp (KEY) stock FAQ — growth, dividends, profitability & financials explained
KeyCorp (KEY) grew revenue by 16.1% over the trailing twelve months, compared with the twelve months before.
Yes. KeyCorp (KEY) earned $2.12B in net income over the trailing twelve months (a 29.3% net margin).
Yes. KeyCorp (KEY) pays a dividend that yields 4.62% at the current price, a high yield.
KeyCorp (KEY) had a return on equity (ROE) of 10.9% over the trailing twelve months. That is in line with the market's typical 10-15%.
KeyCorp (KEY) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.
KeyCorp (KEY) has an efficiency ratio of 62.7%. This is reasonable for a bank.
