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United Rentals, These Other Top Stocks Hit Record Highs While Rest Of Market Snoozes

Nasdaq Dives As Red Sea Attacks Propel Oil Prices; Alphabet, Tesla Plunge Post-Earnings

Stocks Slammed As Oil, Yields Surge Again; Applied Materials, Viking, United Rentals In Focus Stocks from four different sectors have been clinging to new highs amid the tech sector sell-off during June and July. One of them is finance name KeyCorp (KEY), which broke out of a cup-with-handle base at a pivot of 22.55 in June before making it to a four-year high last week. KeyCorp provides deposit, lending, cash management, and investment services…

Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Earnings Per Share (EPS): $0.44, up 26% year over year.Revenue Growth: 7% year over year.Pre-Provision Net Revenue Growth: 9% year over year.Net Interest Margi

KeyCorp (KEY) Q2 2026 Earnings Call July 21, 2026 9:00 AM EDT

Company Participants

Christopher Gorman - Chairman, President & CEO
Clark Khayat - Chief Financial Officer
Mohit Ramani - Chief Risk Officer

Conference Call Participants

Ryan Nash - Goldman Sachs Group, Inc., Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
L. Erika Penala - UBS Investment Bank, Research Division
Manan Gosalia - Morgan Stanley, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division
Michael Mayo - Wells Fargo Securities, LLC, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
Gerard Cassidy - RBC Capital Markets, Research Division
David Chiaverini - Jefferies LLC, Research Division

Presentation

Operator

Good morning, and welcome to KeyCorp Second Quarter 2026 Earnings Conference Call. My name is Megan, and I will be your moderator for today. [Operator Instructions]. As a reminder, this conference is being recorded. And I would now like to turn the conference over to [ Troy Gates ], KeyCorp's Director of Investor Relations. Please go ahead.

Unknown Executive

Thank you, operator, and good morning, everyone. I'd like to thank you for joining KeyCorp's Second Quarter 2026 Earnings Conference Call. I'm here with Chris Gorman, our Chairman and Chief Executive Officer; Clark Khayat, our Chief Financial Officer; and Mo Ramani, our Chief Risk Officer.

As usual, we will reference our earnings presentation slides, which can be found in the Investor Relations section of the key.com website. In the back of the presentation, you will find our statement on forward-looking disclosures and certain financial measures, including non-GAAP measures. This covers our earnings materials as well as remarks made on this morning's call. Actual results may differ materially from forward-looking statements, and those statements speak only as of today, July 21, 2026, and will not be updated.

Keysight: The AI and Defense Stock Seeing Big Price Target BoostsKeyCorp NYSE: KEY reported higher second-quarter 2026 earnings and raised parts of its full-year outlook, citing stronger commercial loan growth, expanding net interest income and continued momentum in fee-based businesses, while management also addressed investor questions about margin performance, deposit growth and the timing of a recovery in middle-market investment banking.

Chairman and Chief Executive Officer Chris Gorman said KeyCorp earned $0.44 per share in the quarter, up 26% from a year earlier. Revenue rose 7% year-over-year, while pre-provision net revenue increased 9%. The bank’s net interest margin expanded sequentially to 2.89%, and Gorman said the company remains on track to meet or exceed a 3% margin by year-end.

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Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names“Our second quarter results reflect strong business momentum and continued progress against our strategic and financial commitments,” Gorman said.

Commercial Lending Drives Growth KeyCorp’s commercial loan growth was a central focus of the call. Gorman said period-end commercial and industrial loans increased $2.1 billion, or 3%, sequentially, reflecting new client wins and deeper existing relationships. Chief Financial Officer Clark Khayat said average loans rose $2.3 billion sequentially, while period-end loans increased $1.2 billion, as C&I growth was partly offset by the planned runoff of lower-yielding consumer loans.

Intel's New Orbit: From Chip Lag to Leading EdgeKhayat said growth was broad-based across industries and regions, with the largest contributors including utilities, power and renewables, real estate and technology. He also noted that C&I line utilization declined 50 basis points sequentially to 31%, driven by higher commitments.

Management said the bank is intentionally pursuing higher-quality commercial relationships, even where spreads may be somewhat lower. Gorman said about 58% of KeyCorp’s C&I loans are investment grade, and he emphasized that lending is intended to lead to broader relationships in payments, hedging, advisory and other services.

“In order to get the kind of returns that we have to get, we’ve got to do a lot more things for them,” Gorman said.

Guidance Raised on Loan Momentum KeyCorp raised several full-year 2026 guidance metrics. Khayat said the bank now expects revenue to grow 7% to 8%, compared with previous guidance of approximately 7%. Full-year net interest income is now expected to increase 9% to 11%, compared with the prior range of 9% to 10%.

The company also raised its average loan growth forecast to 4% to 5%, from 2% to 4%, and now expects average commercial loans to increase 8% to 10% this year.

Khayat said the updated outlook reflects strong first-half loan growth, success adding and expanding client relationships, and healthy commercial loan pipelines. Gorman said the bank expects revenue to grow about twice as fast as expenses in 2026, producing substantial positive operating leverage.

KeyCorp expects to exit the year with a net interest margin of 3% to 3.05%. Khayat said more than $9 billion of low-yielding fixed assets are expected to reprice through year-end, with a pickup of about 1.25%, helping support margin expansion. He also said the bank expects average client deposits to grow by more than 2% through year-end, largely from core operating deposits.

Deposit Costs and Margin Questions Draw Analyst Focus Analysts repeatedly questioned management about the bank’s margin trajectory after second-quarter net interest margin rose less than expected. Khayat said the quarter reflected stronger-than-expected loan growth, tighter spreads on higher-quality loans and a temporary need for wholesale funding as deposits reached a seasonal low in May.

“We chose to fill that with wholesale funds rather than reprice the client deposit base because the expectation is we’re going to see some good deposit growth here in the second half,” Khayat said.

Average deposits were relatively flat sequentially and year-over-year, while total deposit costs declined two basis points to 1.63%. Average non-interest-bearing deposits increased 2.3% sequentially and represented 19% of total deposits, or 24% when adjusted for hybrid accounts. Khayat said end-of-quarter deposit balances of $153 billion were temporarily elevated by about $4 billion because of transaction timing among relationship clients.

In response to investor questions, Khayat said KeyCorp has good visibility into expected deposit growth, largely from commercial relationship clients. Gorman added that the bank has been focused for years on primacy in commercial relationships, saying KeyCorp has primacy in 82% of its commercial deposits.

Fee Businesses Show Mixed Trends KeyCorp’s fee-based businesses remained an area of emphasis. Gorman said investment banking, commercial payments and wealth collectively grew 8% in the first half of 2026 compared with the first half of 2025.

Investment banking and debt placement fees totaled $169 million in the second quarter. For the first half, investment banking fees were $366 million, up 4% from the year-ago period. Gorman acknowledged that investment banking results were below the company’s expectations in the quarter but said pipelines remain strong. Khayat said overall investment banking pipelines were up 9% from the prior quarter, while M&A pipelines rose 7% to a record level.

KeyCorp expects third-quarter investment banking fees to be up more than 20% sequentially and continues to target mid-single-digit investment banking fee growth for the full year. Gorman said middle-market M&A activity has lagged larger transactions, noting that 40% of KeyCorp’s investment banking fees are driven by private equity.

“I think we are in the early innings of the renaissance of middle market M&A,” Gorman said in response to an analyst question.

In commercial payments, Gorman said total gross payment fees increased 12% year-over-year, helped by investments in bankers and embedded banking. In wealth management, assets under management reached a record $74 billion. Since launching its Mass Affluent strategy in 2023, KeyCorp has added 59,000 households, more than $4 billion of assets under management and nearly $8 billion of total client assets, Gorman said.

Credit, Capital and Strategic Investments Asset quality remained broadly stable, though non-performing assets increased. Khayat said net charge-offs were $115 million, or 42 basis points of average loans, and criticized loans were relatively stable at 4.9%. Non-performing assets rose $126 million sequentially to 74 basis points of loans, largely tied to three credits in real estate, consumer goods and agriculture.

Chief Risk Officer Mohit Ramani said the migration was not related to private credit and did not indicate a broader macro trend. He said KeyCorp continues to expect full-year net charge-offs of 40 to 45 basis points.

“Overall, we don’t feel like a lot of loss content relative to this move,” Ramani said.

KeyCorp reported a CET1 ratio of 11.2% and a marked CET1 ratio of 9.8% at quarter-end. Gorman said the company repurchased more than $340 million of common stock during the quarter and remains on pace to repurchase at least $1.3 billion for the year. Khayat suggested investors assume about $300 million of repurchases per quarter in the second half.

The company also announced an agreement during the quarter to acquire Clearwater U.K., which Gorman described as a strategic extension of KeyCorp’s middle-market advisory franchise. He said the transaction, expected to close in the second half of 2026, will expand the bank’s ability to serve M&A clients and prospects internationally.

Gorman said that despite macroeconomic uncertainty, KeyCorp enters the second half of the year with strong momentum and remains confident in its ability to generate a return on tangible common equity above 15% by the end of 2027, on the way to its longer-term 16% to 19% target.

About KeyCorp (NYSE:KEY)KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank's offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company's product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in KeyCorp Right Now?Before you consider KeyCorp, you'll want to hear this.

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KeyCorp (KEY - Free Report) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this company would post earnings of $0.41 per share when it actually produced earnings of $0.44, delivering a surprise of +7.32%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

KeyCorp, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $1.96 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.11%. This compares to year-ago revenues of $1.83 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

KeyCorp shares have added about 13% since the beginning of the year versus the S&P 500's gain of 8.7%.

What's Next for KeyCorp?While KeyCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for KeyCorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.46 on $2.02 billion in revenues for the coming quarter and $1.82 on $8.04 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, BankUnited, Inc. (BKU - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.

This company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +12.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BankUnited, Inc.'s revenues are expected to be $290.57 million, up 6.1% from the year-ago quarter.

Revenue of $1.96 billion, up 7% year-over-year Net interest income up 9% year-over-year and 2% sequentially; net interest margin of 2.89%  increased 2 bps sequentially Period-end loans up $1.2 billion sequentially, with commercial and industrial loans up $2.1 billion or 3% Net charge-offs of 42 bps; allowance coverage ratio declined 4 bps sequentially to 1.56% Common Equity Tier 1 ratio of 11.2% (a) ; repurchased $341 million of common shares during the quarter CLEVELAND, July 21, 2026 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced net income from continuing operations attributable to Key common shareholders of $472 million, or $0.44 per diluted common share,for the second quarter of 2026. For the first quarter of 2026, net income from continuing operations attributable to Key common shareholders was $486 million, or $0.44 per diluted common share.

Wall Street analysts expect KeyCorp (KEY - Free Report) to post quarterly earnings of $0.42 per share in its upcoming report, which indicates a year-over-year increase of 20%. Revenues are expected to be $1.98 billion, up 8% from the year-ago quarter.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

That said, let's delve into the average estimates of some KeyCorp metrics that Wall Street analysts commonly model and monitor.

According to the collective judgment of analysts, 'Capital Ratios - Leverage' should come in at 10.3%. The estimate compares to the year-ago value of 10.3%.

The consensus estimate for 'Capital Ratios - Tier 1 risk-based capital' stands at 12.8%. The estimate is in contrast to the year-ago figure of 13.4%.

Based on the collective assessment of analysts, 'Cash efficiency ratio (non-GAAP)' should arrive at 62.1%. The estimate is in contrast to the year-ago figure of 62.4%.

Analysts' assessment points toward 'Book value at period end' reaching $16.29 . Compared to the current estimate, the company reported $15.32 in the same quarter of the previous year.

The consensus among analysts is that 'Average Balance - Total earning assets' will reach $172.20 billion. The estimate is in contrast to the year-ago figure of $170.00 billion.

It is projected by analysts that the 'Trust and investment services income' will reach $160.93 million. Compared to the present estimate, the company reported $146.00 million in the same quarter last year.

Analysts predict that the 'Investment banking and debt placement fees' will reach $181.24 million. The estimate compares to the year-ago value of $178.00 million.

The collective assessment of analysts points to an estimated 'Total Noninterest Income' of $709.43 million. The estimate is in contrast to the year-ago figure of $690.00 million.

The combined assessment of analysts suggests that 'Net interest income (TE)' will likely reach $1.26 billion. The estimate is in contrast to the year-ago figure of $1.15 billion.

Analysts forecast 'Corporate services income' to reach $76.68 million. The estimate is in contrast to the year-ago figure of $76.00 million.

Analysts expect 'Cards and payments income' to come in at $87.51 million. Compared to the current estimate, the company reported $85.00 million in the same quarter of the previous year.

The average prediction of analysts places 'Consumer mortgage income' at $13.26 million. The estimate is in contrast to the year-ago figure of $15.00 million.

View all Key Company Metrics for KeyCorp here>>>

Over the past month, shares of KeyCorp have returned +4.1% versus the Zacks S&P 500 composite's +0.5% change. Currently, KEY carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

, /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2026:

A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on September 15, 2026, to holders of record of such Common Shares as of the close of business on September 1, 2026; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026. About KeyCorp

KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2026.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

SOURCE KeyCorp

Wall Street expects a year-over-year increase in earnings on higher revenues when KeyCorp (KEY - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +20%.

Revenues are expected to be $1.98 billion, up 8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.04% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for KeyCorp?For KeyCorp, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.34%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that KeyCorp will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that KeyCorp would post earnings of $0.41 per share when it actually produced earnings of $0.44, delivering a surprise of +7.32%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

KeyCorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAmong the stocks in the Zacks Banks - Major Regional industry, Truist Financial Corporation (TFC - Free Report) , is soon expected to post earnings of $1.08 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +18.7%. This quarter's revenue is expected to be $5.21 billion, up 4.5% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Truist Financial has been revised 0.1% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.23%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Truist Financial will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Transaction utilizes pledge of equity structure in place of traditional property mortgages, enabling portfolio-level financing across 99 properties in 27 statesNew financing increases total debt commitments across Alterra’s fully discretionary IOS funds to more than $2 billionFacility delivers faster execution, lower transaction costs, and non-recourse, scalable capital for continued growth across Alterra’s IOS platform

The financing was secured by a portfolio of 99 IOS properties totaling 551 usable acres and nearly 2.1 million square feet of accompanying warehouse space. (Credit: Alterra IOS) 

PHILADELPHIA, July 13, 2026 (GLOBE NEWSWIRE) -- Alterra IOS (“Alterra”), a prominent player in the industrial outdoor storage (“IOS”) sector that has acquired more than 495 sites nationwide, today announced the successful closing of a $400 million refinancing led by Truist Financial Corp. (NYSE: TFC) and KeyBank (NYSE: KEY), supporting the continued expansion of its growing industrial outdoor storage platform.

Secured by a portfolio of 99 IOS properties spanning 27 states, the financing was executed utilizing an equity pledge framework in place of traditional asset-level mortgages. The structure enables streamlined execution and portfolio-level underwriting. Of the total financing, Truist provided $225 million as Administrative Agent, Joint Lead Arranger and Active Bookrunner, and KeyBank National Association committed $175 million as Syndication Agent, Joint Lead Arranger and Active Bookrunner.

“This transaction reflects a shift toward more scalable, platform-based financing solutions in real estate,” said Scott Whittle, Chief Financial Officer at Alterra IOS. “For portfolios like IOS, which consist of a high volume of assets, traditional mortgage structures can be time- and cost-intensive. An equity pledge structure allows us to operate more efficiently by reducing legal and administrative burden, accelerating execution and preserving flexibility as we continue to grow the platform.”

“Structures like this are becoming more relevant as institutional capital seeks efficient ways to access fragmented sectors at scale,” said Kate Mooney, Alterra Senior Associate, Capital Markets. “As IOS portfolios have grown and matured, lenders have developed greater comfort underwriting diversified portfolios rather than individual assets. Equity pledge facilities reflect that evolution and provide both borrowers and lenders with a more practical and efficient financing solution.”

Collectively, the portfolio of 99 IOS properties totals 551 usable acres and nearly 2.1 million square feet of accompanying warehouse space. Each site is located in a major U.S. industrial and logistics corridor in core markets across California, Florida, Georgia, North Carolina and Texas.

This transaction comes on the heels of several significant funding transactions for Alterra, including a $244 million equity-based pledge issued by Blackstone Real Estate Debt Strategies (BREDs), $103 million in acquisition financing from PGIM (NYSE: PRU); and a $100 million revolving credit facility from Bank of Montreal (NYSE: BMO).

“Industrial outdoor storage has emerged as one of the most compelling segments within industrial real estate,” said Nadia Mahmoud, Managing Director, Real Estate Corporate Banking at Truist. “As the landscape continues to evolve, we’re seeing increasing demand for financing solutions that can match the scale and complexity of this asset class. We’re proud to deliver the flexibility and expertise that clients need to capitalize on this growing market.”

“IOS continues to benefit from durable demand fundamentals and a constrained supply environment, particularly in core logistics corridors,” said Joshua Mayers, Senior Vice President, KeyBank. “Alterra’s operational track record, and this portfolio’s quality, allowed Truist and KeyBank to provide a flexible and creative credit facility structure to support the Company’s continued growth.”

Alterra has raised more than $2 billion in institutional financing across its discretionary ventures, Alterra IOS Venture II ($524 million) and Venture III ($925 million), complementing $1.45 billion in equity raised for its closed-end funds.

Alterra has acquired more than 495 properties across 39 states as of Q2 2026, reinforcing its position as the industry’s leading owner and operator in a historically fragmented and undercapitalized asset class. As a vertically integrated investor, developer and operator of IOS, Alterra’s investment strategy focuses on acquiring prime IOS locations within dense, infill logistics and transportation gateways, ensuring proximity to critical infrastructure and end-users.

About Alterra IOS
Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission critical real estate in a sector of the U.S. industrial landscape. Over the past ten years, Alterra IOS has created tenant relationships in the transportation & logistics, vehicle storage, equipment rental, infrastructure services, and building materials industries through the acquisition or development of over 480 properties across 39 states as of Q2 2026. The dedicated team of investment, property management, construction, and asset management professionals provide tenants the resources to grow and improve their businesses on a national level.

Alterra IOS Manager is an investment adviser registered with the Securities and Exchange Commission. Registration as an investment adviser does not imply a certain level of skill or training. This information is neither an offer to sell nor a solicitation of an offer to purchase any securities. Such an offer will only be made by means of a confidential private placement memorandum and related subscription documents. Furthermore, Alterra IOS Venture II and Alterra IOS Venture III are closed to new investors.

Media Contact:
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ffb692aa-f806-4164-b934-8359f7550377

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider KeyCorp (KEY - Free Report) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.61%.

For the last reported quarter, KeyCorp came out with earnings of $0.44 per share versus the Zacks Consensus Estimate of $0.41 per share, representing a surprise of 7.32%. For the previous quarter, the company was expected to post earnings of $0.38 per share and it actually produced earnings of $0.41 per share, delivering a surprise of 7.89%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for KeyCorp. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

KeyCorp has an Earnings ESP of +0.18% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 21, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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A $1.5 million portfolio is often treated as a wealth milestone. A more useful way to think about it is as a private pension, one capable of producing a steady stream of income long after your working years are over. The balance itself is only part of the story. What matters is how much cash flow that capital can generate and the trade-offs required to increase it.

For perspective, per-capita disposable personal income in the United States reached $68,359 in the first quarter of 2026, while the 10-year Treasury yielded roughly 4.3%. Those figures provide useful benchmarks for evaluating what a seven-figure portfolio can realistically deliver.

The Conservative Tier: 3% to 4% yield At a 3.5% blended yield, $1.5 million produces roughly $52,500 per year, or about $4,375 per month. That sits below median household income, but it is the tier most likely to grow.

This is the territory of dividend aristocrats and kings. Johnson & Johnson (NYSE:JNJ | JNJ Price Prediction) yields about 2.3% but has raised its dividend for 64 consecutive years, with the latest quarterly payout climbing to $1.34. Procter & Gamble (NYSE:PG) yields roughly 3.0% and just delivered its 70th consecutive annual increase. Coca-Cola (NYSE:KO) yields about 2.7%, with the quarterly payout stepping up to $0.53 this year.

You will need the full $1.5 million to clear $52,500. The payoff is a portfolio that historically grows both its income and its principal.

The Middle Ground: 5% to 7% Yield Move to a 5% yield and the same $1.5 million throws off $75,000 per year, or about $6,250 per month. That already clears the per capita disposable income figure and approaches median household earnings.

Net-lease REITs, preferred shares, covered-call equity funds, and higher-yielding regional banks live here. Realty Income (NYSE:O) currently yields about 5.4%, pays monthly, and just declared its 114th consecutive quarterly increase. KeyCorp (NYSE:KEY) yields close to 3.8% at a share price near $22, with management guiding to revenue growth of about 7% in 2026.

Trade-off: dividend growth slows. Covered-call funds cap upside. Bank dividends can flatten for years, as KeyCorp’s $0.205 quarterly payout has shown since late 2022.

Stretching For Income: 7% and Beyond At a 7% yield, $1.5 million produces $105,000 a year, or about $8,750 a month. That comfortably exceeds median household income. Push to 10% and you are at roughly $12,500 a month.

This is the world of business development companies, mortgage REITs, leveraged option-income funds, and small-cap high-yield REITs. Gladstone Commercial yields about 9.5% around $13, paying $0.10 a share monthly. Its industrial portfolio is 99% occupied, but the dividend was cut from $0.1254 to $0.10 back in 2023, and the stock is down 11% over five years.

That is the aggressive-tier story in one ticker: high current income, periodic distribution cuts, and a principal that often grinds sideways or lower.

Income Today vs. Income Ten Years From Now Here is the math many income investors overlook. A portfolio yielding 3.5% today that increases its payout by 7% annually will roughly double its income stream within a decade. Shareholders of Johnson & Johnson have seen this firsthand: the quarterly dividend grew from $0.54 in 2010 to $1.34 in 2026. By contrast, a stock yielding 10% with no dividend growth may look superior on day one but can fall behind over time, especially if distribution cuts enter the picture.

For most retirees, the practical solution is a mix of approaches. A portfolio anchored by high-quality dividend growers can provide rising income over time, while REITs, preferred shares, and other income-focused investments can boost current cash flow. Higher-yield holdings still have a role, but usually as a supplement rather than the foundation.

Do This Before Anything Else Budget the real number. Pull your last twelve months of spending and compare it to your salary. Most households need to replace less than they earn, which can shift you out of the aggressive tier entirely. Run a tax overlay. Qualified dividends from JNJ, PG, and KO are taxed at long-term capital gains rates. REIT and BDC distributions are mostly ordinary income. In a high bracket, that gap can erase the yield advantage. Stress-test a blended sleeve. Model a third in dividend growers, a third in net-lease REITs and preferreds, and a third in higher-yield credit. Project the income and the principal forward ten years at realistic growth rates, then decide which tier mix lets you sleep.

Posted by Defense World Staff on Apr 24th, 2026

Cwm LLC raised its holdings in KeyCorp (NYSE:KEY – Free Report) by 159.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,736 shares of the financial services provider’s stock after acquiring an additional 80,257 shares during the period. Cwm LLC’s holdings in KeyCorp were worth $2,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KEY. Wellington Management Group LLP raised its holdings in shares of KeyCorp by 90.2% in the 3rd quarter. Wellington Management Group LLP now owns 36,370,694 shares of the financial services provider’s stock valued at $679,768,000 after acquiring an additional 17,245,128 shares in the last quarter. Capital World Investors raised its holdings in shares of KeyCorp by 169.2% in the 3rd quarter. Capital World Investors now owns 20,788,957 shares of the financial services provider’s stock valued at $388,546,000 after acquiring an additional 13,067,326 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of KeyCorp in the 3rd quarter valued at about $66,683,000. Victory Capital Management Inc. raised its holdings in shares of KeyCorp by 39.6% in the 3rd quarter. Victory Capital Management Inc. now owns 6,856,534 shares of the financial services provider’s stock valued at $128,149,000 after acquiring an additional 1,945,368 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of KeyCorp by 49.3% in the 3rd quarter. Barclays PLC now owns 5,237,786 shares of the financial services provider’s stock valued at $97,894,000 after acquiring an additional 1,730,046 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp News Summary Here are the key news stories impacting KeyCorp this week:

Positive Sentiment: KeyCorp announced a definitive agreement to acquire Clearwater Corporate Finance LLP (Clearwater UK), giving Key its first strategic foothold in Western Europe and bolstering its middle‑market M&A/advisory franchise — a revenue and fee‑generation opportunity that supports long‑term growth in investment banking. KeyCorp to Acquire Clearwater UK, Expanding Financial Advisory Capabilities Positive Sentiment: Key reported a solid Q1 (EPS $0.44 vs. $0.41 consensus; revenue up ~10% y/y to $1.95B) and unveiled a US$1B share buyback program — both supportive of near‑term EPS accretion and valuation multiple expansion. This combination is a clear positive for shareholder returns. KeyCorp (KEY) Valuation Check After Strong Q1 Results And New US$1b Share Buyback Program Neutral Sentiment: Analysts’ Q1‑call questions highlighted key monitoring areas (capital returns, credit trends, margin/expense outlook and deployment of the buyback). These items set the metrics investors will watch but are not immediate binary catalysts. 5 Must-Read Analyst Questions From KeyCorp’s Q1 Earnings Call Neutral Sentiment: Third‑party analyst commentary grouped Key with peers when discussing industry dynamics; useful context but not a standalone catalyst. Monitor further analyst revisions for guidance on ratings or targets. Analysts Offer Insights on Financial Companies: Visa (V), Zions (ZION) and KeyCorp (KEY) Negative Sentiment: The acquisition details did not disclose financial terms publicly, leaving near‑term earnings impact, integration costs and regulatory approvals unclear — factors that can introduce short‑term uncertainty and temper upside until more detail is provided. KeyCorp to acquire UK-based Clearwater Corporate Finance, terms undisclosed KeyCorp Price Performance Shares of KeyCorp stock opened at $22.03 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $23.63 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07. The business’s 50-day moving average price is $20.68 and its 200-day moving average price is $20.00. KeyCorp has a 12 month low of $14.43 and a 12 month high of $23.34.

KeyCorp (NYSE:KEY – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. KeyCorp had a return on equity of 10.80% and a net margin of 17.03%.The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Sell-side analysts forecast that KeyCorp will post 1.81 EPS for the current fiscal year.

Insider Activity In other news, insider Angela G. Mago sold 62,850 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $21.55, for a total transaction of $1,354,417.50. Following the transaction, the insider directly owned 261,415 shares in the company, valued at approximately $5,633,493.25. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew J. Paine III sold 65,961 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $23.23, for a total value of $1,532,274.03. Following the transaction, the insider owned 166,583 shares in the company, valued at $3,869,723.09. This trade represents a 28.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth KEY has been the topic of several recent analyst reports. Piper Sandler raised their price target on KeyCorp from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Morgan Stanley lowered their price target on KeyCorp from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Royal Bank Of Canada raised their price target on KeyCorp from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Evercore reaffirmed an “outperform” rating on shares of KeyCorp in a report on Tuesday. Finally, Barclays raised their price target on KeyCorp from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Check Out Our Latest Stock Report on KEY

KeyCorp Profile (Free Report)

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.

Featured Stories Five stocks we like better than KeyCorp Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KeyCorp (NYSE:KEY – Free Report).

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By PYMNTS  |  April 28, 2026

 | 

Treasury solutions provider Qolo has launched an expanded partnership with KeyBank.

The collaboration, announced Tuesday (April 28), has resulted in the debut Key Virtual Card (KeyVC), a virtual commercial card program designed to help businesses more easily monitor and handle payments.

“Managing commercial payments can be complex, often requiring businesses to juggle multiple systems and reporting processes,” Rouzbeh Rotabi, Qolo’s chief operating officer, said in a news release.

“KeyVC is designed to reduce that complexity by allowing clients to use virtual cards alongside other treasury tools, with consistent reporting and simplified reconciliation across payment types. Businesses want payment tools that fit naturally into how they already operate.”

According to the release, the new offering lets KeyBank’s commercial clients create and manage virtual cards within KeyBank’s Virtual Account Management platform (KeyVAM).

By making virtual cards part of the same system clients use for treasury and cash management, the program helps businesses pay suppliers more efficiently while offering stronger spending and reconciliation oversight, the company said.

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“Commercial clients are increasingly looking for simpler and more controlled ways to manage payments,” said John Withrow, head of commercial cards at KeyBank.

“By expanding our partnership with Qolo, we’re making virtual cards easier to use within our existing treasury platforms, helping clients streamline accounts payable, improve visibility, and maintain better control over how and when money is spent.”

Qolo and KeyBank launched KeyVAM in 2024, with the bank making an equity investment in Qolo last year. KeyBank has also turned to Qolo to offer clients embedded banking solutions.

This extension to their partnership comes as businesses are increasingly adopting virtual cards and ACH as they shift away from payment methods like paper checks.

These tools “support digital onboarding, automated approvals and straight-through processing; and they are able to integrate with procurement, accounts payable and treasury systems,” as PYMNTS wrote last month.

One of their benefits is their ability to lessen the friction that appears “when payments live in a separate, analog universe,” that report added.

“Those companies that do it right are starting to see benefits by using digital payments as a strategic tool,” Daniel Artin, head of strategic partnerships at Boost Payment Solutions, said in an interview with PYMNTS earlier this year.

Research by PYMNTS Intelligence shows that small businesses are seeing benefits from these cards that include dispute protection and refunds — cited by 63% of businesses — and the ability to manage liquidity without immediate cash (59%).

, /PRNewswire/ -- Key Private Bank, the high-net worth and ultra-high-net-worth wealth management segment of KeyCorp (NYSE: KEY), has been selected as a winner for 'Regional Private Bank' at the Thirteenth Annual Family Wealth Report Awards, marking the third time the firm has received this distinction.

Key Private Bank was selected for this award for delivering exceptional results through accountability, deep local expertise, and client-centric planning. Selected from a competitive field of finalist institutions, the award recognizes firms that demonstrate excellence in client service, thoughtful innovation, and the delivery of sophisticated wealth management solutions. Key Private Bank's repeated recognition underscores its long‑standing commitment to helping clients navigate complex financial needs across generations.

The annual Family Wealth Report Awards honor the most innovative and outstanding firms, teams, and individuals serving North America's family offices, family wealth managers, and trusted advisor communities. Winners are selected by an independent panel of judges comprising senior leaders from family offices, private banks, advisory firms, and professional service providers with deep industry expertise.

"Earning this recognition again reflects the strength of our advisors, the depth of our capabilities, and the trust our clients place in us," said Cathy O'Malley Kearney, national director and head of Key Private Bank. "Our focus remains on delivering personalized advice and coordinated solutions that help clients protect, grow, and transfer their wealth with confidence."

Family Wealth Report is a leading industry publication covering trends, best practices, and innovation within the global wealth management and family office sector.

About Key Private Bank

Key Private Bank is a provider of wealth management solutions and advice for high-net worth and ultra-high-net-worth clients, including wealth advisory, investment management, trust administration, customized credit, and private banking services. Key's wealth management platform combines the market insights of local advisors with a national team of wealth and investment strategists to deliver personalized advice and expertise to clients. Advisors also leverage partnerships with financial experts to build wealth plans tailored to meet each client's specific need. Key Private Bank's wealth management platform is delivered across 15 of the United States. Key Private Bank has approximately $60 billion in AUM and $124 billion in AUA at March 31, 2026.

About KeyCorp

KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2026.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

CFMA042426 - 4385628

SOURCE KeyBank

The program empowers business owners to navigate the complexities of their financial operations

, /PRNewswire/ -- In recognition of Small Business Month, KeyBank (NYSE: KEY) is highlighting how its Certified Cash Flow Advisor Program is changing the way it serves small‑to‑midsize businesses—by putting real conversations and practical advice at the center of the relationship.

KeyBank’s branch in West Valley City, Utah In 2024, KeyBank made a significant investment in expanding this expertise across the organization by providing its advisors with a common framework for engaging business owners through Key Conversations—purposeful discussions focused on how cash moves in and out of a business and how financial processes can work harder for the owner's goals.

Rather than offering one‑size‑fits‑all solutions, Certified Cash Flow Advisors take time to understand the realities of each business. From invoicing and receivables to liquidity, automation, and fraud protection, advisors deliver tailored guidance that addresses operational pain points and helps owner‑operators improve efficiency and profitability. Since inception, KeyBank's advisors have had more than 147,800 conversations with small and midsized businesses across the country. By emphasizing an advice-driven philosophy, KeyBank aims to strengthen relationships with business owners and help them achieve long-term success in an increasingly complex financial landscape.

"Business owners are experts at what they do—but they're often stretched thin trying to do everything," said Mike Walters, President of Business Banking at KeyBank. "Our role is to help our small business owner/operators maximize their business financially so they can grow and thrive. The Key Conversation gives us a way to step back with the client, look holistically at their cash flow, and uncover opportunities that might otherwise be missed. This people‑first approach enables KeyBank to deliver more than transactions -- it provides insight, clarity, and collaboration. By leading with advice instead of products, we're redefining what business banking can be for small businesses."

These conversations are backed by a full suite of business banking capabilities designed to put advice into action. KeyBank's small business clients have access to intuitive digital banking platforms that provide visibility into cash flow, merchant services that accelerate payments and reduce friction at the point of sale, flexible lending solutions tailored to growth and working capital needs, and integrated payroll services that streamline operations. When paired with the insight and expertise of a Certified Cash Flow Advisor, these tools become more than products—they become part of a strategic plan to help business owners work smarter, scale sustainably, and protect what they've built.

In addition, KeyBank recently received five 2026 Best Bank Awards from Coalition Greenwich for the support it provides to small business clients. This reinforces that relationships built on earned trust, combined with best-in-class service and advice-driven solutions help our clients grow in the communities they serve.

Strong advisory relationships are essential to helping business owners adapt, grow, and succeed over the long term, and KeyBank is committed to delivering that partnership every day. Learn more about KeyBank's business banking expertise at www.key.com/smallbusiness.

ABOUT KEYCORP

KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2026. 

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. 

All credit products are subject to collateral and/or credit approval, terms, conditions, availability and subject to change.

CFMA #260501-4415928

SOURCE KeyBank

KeyCorp (KEY) Shareholder/Analyst Call Prepared Remarks Transcript

With markets at elevated multiples in May 2026, low share prices can mislead investors into thinking quality is out of reach. Stocks trading below $30 with strong balance sheets offer income, deleveraging stories, or growth at valuations that build in a margin of safety.

Here are five stocks trading under $30 that pair solid books with a credible upside case.

Pfizer (NYSE: PFE) Pfizer (NYSE:PFE | PFE Price Prediction) is a global biopharma whose portfolio spans immunology, oncology, cardiology, and vaccines, anchored by Eliquis, Prevnar, and the Comirnaty/Paxlovid COVID franchise.

Shares last traded at $25.33, below the 52-week high of $28.28, with a 6.68% dividend yield and a forward P/E of 9x. Q4 2025 adjusted EPS of $0.66 beat the $0.57 estimate, and the consensus analyst target sits at $29.19.

The bull case rests on 9% operational lift in the non-COVID portfolio, the Metsera-driven obesity pipeline, and insider conviction: CEO Albert Bourla and 11 directors acquired phantom stock units at $26.67 on April 23, 2026.

Key risk is a $1.5B revenue headwind from 2026 loss of exclusivity combined with MFN drug pricing pressure. The yield-supported setup has management backing the thesis.

AT&T (NYSE: T) AT&T (NYSE:T) is the second-largest US wireless carrier, pairing 5G with a rapidly expanding fiber footprint.

At $24.43, shares carry a forward P/E of 11x and a 4.5% dividend yield. Q1 2026 adjusted EPS came in at $0.57 (+11.8% YoY) on revenue of $31.51B. Analyst target: $30.37.

The bull case is execution and cash. AT&T added 584,000 internet customers in Q1 2026, plans $45B in shareholder returns through 2028, and lifted cash to $18.2B at year-end 2025 from $3.3B a year earlier.

Risks include total debt of $173.99B and legacy wireline declines exceeding 20% in 2026. Converged connectivity plus growing free cash flow makes the dividend durable.

SoFi Technologies (NASDAQ: SOFI) SoFi Technologies (NASDAQ:SOFI) is a digital financial services company holding a national bank charter and the Galileo technology platform.

At $15.71, shares are down 39.99% YTD, even after Q1 2026 produced net income of $166.7M (+134% YoY) and record originations of $12.18B (+68% YoY). Forward P/E is 26x; analyst target $21.10.

The bull case: shareholder equity reached $10.81B while total debt fell from $3.2B to $1.8B over the prior year. CEO Anthony Noto bought 15,545 shares at $16.00 on May 11, 2026 after purchasing 56,000 shares at $17.88 on March 2, 2026.

Risks include personal loan charge-offs at 3.03% and a 27% decline in Technology Platform revenue after a large client departure. The pullback has reset expectations into the growth runway.

Kinross Gold (NYSE: KGC) Kinross Gold (NYSE:KGC) operates gold mines across the US, Brazil, Chile, and Mauritania.

Shares slipped under $30 to $28.51 after an 18.4% one-month pullback, even as the stock remains up 109.22% over one year. Forward P/E sits at 11x against an analyst target of $40.55. Q1 2026 adjusted EPS hit $0.71 on revenue of $2.41B (+61% YoY), with free cash flow of $837.5M.

The balance sheet is pristine: $2.19B in cash against only $3.66B in total liabilities, plus record 2025 FCF of $2.47B and $255.1M of Q1 buybacks.

Primary risk is gold price volatility and geopolitical exposure. The recent pullback creates a window for investors seeking operating leverage to bullion.

KeyCorp (NYSE: KEY) KeyCorp (NYSE:KEY) is a Cleveland-based regional bank serving consumer and commercial clients alongside KeyBanc Capital Markets.

At $21.07, KEY trades at a forward P/E of 12x with a 3.89% dividend yield. Q1 2026 EPS of $0.44 beat the $0.4073 estimate, NIM expanded 29 basis points YoY to 2.87%, and ROTCE topped 13%. Analyst target: $24.97.

Management raised 2026 net interest income guidance to 9-10%, plans $1.3B+ in buybacks, and targets 15%+ ROTCE by year-end 2027.

Watch item: nonperforming assets ticked up to 63 bps from 59 bps. A rising-margin franchise returning capital at scale supports the thesis here.

Bottom Line A share price below $30 is no substitute for diligence. Each name carries identifiable risks alongside balance sheet strengths. Investors should size positions to their risk tolerance and verify the latest disclosures before acting.

With Treasury yields sliding and the broader market trading near record highs, retail investors hunting for reliable passive income are getting squeezed. That makes brand-name dividend payers trading under $40 a share unusually interesting right now: you get household-name stability, room to compound shares, and yields that comfortably top what a savings account is paying. A $5,000 starter position in each of the three names below puts roughly $15,000 to work and turns into a meaningful quarterly paycheck.

With that in mind, here are three blue-chip dividend stocks trading under $40 that income investors should have on their radar today.

AT&T (NYSE: T) AT&T (NYSE:T | T Price Prediction) is the converged telecom giant pairing nationwide 5G wireless with one of the fastest-growing fiber footprints in the country. At $24.98, a $5,000 allocation buys roughly 200 shares, an accessible entry point for almost any retail portfolio.

The fundamentals back up the income thesis. Q1 2026 adjusted EPS came in at $0.57, up 11.8% year over year, on revenue of $31.51 billion, while management guided 2026 adjusted EPS to $2.25 to $2.35 with free cash flow above $18 billion. The quarterly dividend sits at $0.2775, or $1.11 annualized, a payout AT&T has held steady for eight straight quarters and has committed to maintain through 2028. That works out to roughly a roughly 4.4% yield, or about about $222 a year on a $5,000 stake.

The bull case is simple: 584,000 fiber net adds in Q1, a path to 60 million fiber locations by 2030, and $8 billion in buybacks planned for 2026. The clear risk is the balance sheet: $138.4 billion in total debt and net debt/EBITDA of 2.71x leave little margin for error. For income investors who can stomach that, AT&T remains a credible long-duration paycheck.

Kinder Morgan (NYSE: KMI) Kinder Morgan (NYSE:KMI) operates the largest natural gas pipeline network in the United States, a toll-road business model that throws off remarkably steady cash. Shares trade at $34.31, up 27.2% year to date, so a $5,000 stake gets you roughly 145 shares.

Q4 2025 adjusted EPS of $0.39 beat the $0.37 consensus, capping a year of 12.4% revenue growth and a 17% jump in net income. Management is guiding 2026 adjusted EPS to $1.36 and just raised the dividend target to $1.19 per share, a 2% bump. At the current price that is roughly a roughly 3.4% yield, or about about $170 a year on $5,000.

The bull case is structural. Kinder Morgan touches roughly 70% of the markets driving future data-center power demand, carries a $10 billion project backlog, and just earned an S&P upgrade to BBB+ in January 2026. The risk is leverage of 3.8x net debt to EBITDA and permit timing on new builds. For investors who want infrastructure-grade dividend income tied to the AI power buildout, KMI fits the bill.

KeyCorp (NYSE: KEY) KeyCorp (NYSE:KEY) is the Cleveland-based regional bank behind KeyBank and KeyBanc Capital Markets. At $20.92, a $5,000 investment buys roughly 239 shares, the largest share count of the three.

Q1 2026 EPS of $0.44 beat the $0.41 estimate and grew 33% year over year, with net interest margin expanding 29 basis points to 2.87%. Tangible book value per share rose 18% YoY to $13.77, and management is targeting $1.30 billion or more in buybacks for 2026. The $0.205 quarterly dividend, or $0.82 annualized, yields about roughly 3.9%, generating roughly roughly $196 a year on $5,000.

The bull case is leverage to a steeper yield curve, with KeyCorp guiding 2026 revenue up around 7% and net interest income up 9% to 10%. The risk is credit: nonperforming assets ticked up to 63 basis points from 59, and consumer loan balances are still shrinking. For investors comfortable owning a regional bank, KeyCorp offers a strong yield plus capital return.

Each of these names carries real business risk, and a high yield can mask balance-sheet stress if you do not look closely. Use this list as a starting point for your own research into payout coverage, debt loads, and sector outlook before putting $5,000 to work.

, /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Clark Khayat, Chief Financial Officer, will speak at the Morgan Stanley US Financials Conference on Wednesday, June 10, 2026, at 1:00 p.m. ET.

KeyCorp plans to review its performance, strategy, and outlook, and the discussion may include forward-looking statements and other material information. The live audio webcast will be available on the day of the conference at www.key.com/ir. If you are unable to join the live webcast, or wish to hear a re-broadcast, access www.key.com/ir and select Events & Presentations.

ABOUT KEYCORP
KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2026. 

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. 

SOURCE KeyCorp

Investors with an interest in Banks - Major Regional stocks have likely encountered both KeyCorp (KEY - Free Report) and State Street Corporation (STT - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

KeyCorp and State Street Corporation are both sporting a Zacks Rank of #2 (Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. However, value investors will care about much more than just this.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

KEY currently has a forward P/E ratio of 11.92, while STT has a forward P/E of 13.11. We also note that KEY has a PEG ratio of 0.69. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. STT currently has a PEG ratio of 0.88.

Another notable valuation metric for KEY is its P/B ratio of 1.34. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, STT has a P/B of 1.85.

These metrics, and several others, help KEY earn a Value grade of B, while STT has been given a Value grade of D.

Both KEY and STT are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that KEY is the superior value option right now.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at KeyCorp (KEY - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. KeyCorp currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if KEY is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For KEY, shares are up 2.02% over the past week while the Zacks Banks - Major Regional industry is up 2.12% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.93% compares favorably with the industry's 7.21% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of KeyCorp have increased 15.82% over the past quarter, and have gained 38.61% in the last year. In comparison, the S&P 500 has only moved 9.34% and 23.96%, respectively.

Investors should also pay attention to KEY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. KEY is currently averaging 11,845,738 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with KEY.

Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost KEY's consensus estimate, increasing from $1.81 to $1.83 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that KEY is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep KeyCorp on your short list.