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KeyCorp Rises After Q3 Earnings Beat and Record Revenue

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KeyCorp (KEY) is up 3.7% today. Here is some analysis on what might have caused this price movement. ([prnewswire.com](https://www.prnewswire.com/news-releases/keycorp-reports-third-quarter-2026-net-income-of-537-million-or-0-51-per-diluted-common-share-diluted-eps-increased-24-year-over-year-302913241.html))

Analysis: The move appears tied to KeyCorp’s third-quarter results, which showed stronger profitability, record revenue, improving net interest margin, and continued balance-sheet momentum. Investors also seemed encouraged by earnings per share coming in above Wall Street expectations. ([prnewswire.com](https://www.prnewswire.com/news-releases/keycorp-reports-third-quarter-2026-net-income-of-537-million-or-0-51-per-diluted-common-share-diluted-eps-increased-24-year-over-year-302913241.html))

Details:

  • KeyCorp reported third-quarter net income from continuing operations attributable to common shareholders of $537 million, or $0.51 per diluted share, up from $0.44 in the prior quarter and $0.41 a year earlier. ([prnewswire.com](https://www.prnewswire.com/news-releases/keycorp-reports-third-quarter-2026-net-income-of-537-million-or-0-51-per-diluted-common-share-diluted-eps-increased-24-year-over-year-302913241.html))
  • The company highlighted record revenue of about $2.04 billion, with net interest margin rising to 2.95%, suggesting better spread income in a higher-rate environment. ([prnewswire.com](https://www.prnewswire.com/news-releases/keycorp-reports-third-quarter-2026-net-income-of-537-million-or-0-51-per-diluted-common-share-diluted-eps-increased-24-year-over-year-302913241.html))
  • Average deposits increased by $3.6 billion sequentially while average loans held for investment rose by $1.5 billion, a combination that points to healthy funding and loan growth. ([prnewswire.com](https://www.prnewswire.com/news-releases/keycorp-reports-third-quarter-2026-net-income-of-537-million-or-0-51-per-diluted-common-share-diluted-eps-increased-24-year-over-year-302913241.html))
  • Fee businesses also improved, with investment banking and debt placement fees up 27% sequentially, and outside estimates indicated the quarter’s EPS topped consensus forecasts. ([prnewswire.com](https://www.prnewswire.com/news-releases/keycorp-reports-third-quarter-2026-net-income-of-537-million-or-0-51-per-diluted-common-share-diluted-eps-increased-24-year-over-year-302913241.html))
  • Sources:

    KeyCorp press release, SEC, Zacks

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $KEY Insider Trading Activity

    KEY Insider Trades

    $KEY insiders have traded $KEY stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $KEY stock by insiders over the last 6 months:

    • MOHIT RAMANI (Chief Risk Officer) sold 25,000 shares for an estimated $568,500
    • ELIZABETH R. GILE sold 23,946 shares for an estimated $499,992

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

    $KEY Hedge Fund Activity

    We have seen 424 institutional investors add shares of $KEY stock to their portfolio, and 373 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $KEY Price Targets

    Multiple analysts have issued price targets for $KEY recently. We have seen 10 analysts offer price targets for $KEY in the last 6 months, with a median target of $27.0.

    Here are some recent targets:

    • Erika Najarian from UBS set a target price of $27.0 on 07/07/2026
    • Mike Mayo from Wells Fargo set a target price of $27.0 on 07/06/2026
    • Vivek Juneja from JP Morgan set a target price of $24.5 on 07/06/2026
    • Manan Gosalia from Morgan Stanley set a target price of $25.0 on 06/29/2026
    • Brian Foran from Truist Securities set a target price of $24.0 on 06/24/2026
    • Aaron Macneil from TD Cowen set a target price of $68.0 on 06/23/2026
    • Matt Olney from Stephens & Co. set a target price of $26.0 on 06/15/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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