Financial Services / Banks - Regional

KeyCorp (KEY)

$21.18
+1.34%
$23.1B
Market Cap
13.1
P/E Ratio
1.05
Beta
3.84%
Dividend Yield
Piotroski 7/9Altman Z 0.2 Distress

Quantitative Summary

Deterministic

At 13.1x earnings — a 32% discount to the sector average of 19.2x — KEY is in the lower valuation range. Strong operational fundamentals (Piotroski 7/9) with Altman Z of 0.2. DCF fair value of $60 implies 179% upside from current prices based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

DCF Sandbox

Interactive
Market Price
$21.18
Fair Value
$62
Implied Upside
+191.2%
$62IMPLIED FAIR VALUEUNDERVALUEDOVERUNDER
Growth Rate (Y1–5)19%
-10%20%50%
Discount Rate (WACC)9.2%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
3.4%annual FCF growth priced in at $21.18

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of 66% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →7.2%9.2%11.2%
2%$77$52$38
3%$95$60$43
4%$124$72$49

Center = base case. Green = >10% upside, Red = >10% downside vs $21.18.

Pre-computed DCF: WACC=9.2%, terminal growth 3%. Fair value $60 (+178.5%). Not investment advice.

Valuation Context

13.1x
KEY P/E
19.2x
Sector Avg
12.2x
5Y Avg P/E
-32%
vs Sector

Currently trading 15% above its 5-year average P/E of 12.2x.

Price Chart with Moving Averages

Loading chart...
SMA 50 SMA 200

Technical Setup

AI Generated

KeyCorp's current technical configuration presents a complex picture of institutional positioning, characterized by the convergence of price action and volume dynamics at $21.56. The presence of significant Simple Moving Average crossovers suggests that larger market participants may be in a state of consolidation or re-evaluating their long-term exposure to this financial services entity. When such moving averages align closely with current trading levels, it often indicates that institutional algorithms and discretionary traders are waiting for additional confirmation before committing substantial capital to either side of the trade. This neutral-to-cautious stance is further reinforced by volume trends that have not yet displayed a decisive breakout pattern, implying that major holders might be absorbing liquidity rather than aggressively driving price in one specific direction. The sector's inherent volatility combined with these technical signals suggests that institutional behavior could range from defensive accumulation to strategic distribution depending on macroeconomic interpretations of the banking landscape. The fact that price action is hovering near key moving average thresholds without a clear directional surge or collapse implies that large players are likely monitoring regulatory developments and interest rate expectations more closely than immediate chart patterns. Consequently, the current market structure reflects an equilibrium where institutional sentiment remains bifurcated; some entities may view the level as a value entry point while others perceive it as resistance to existing positions. Until volume profiles shift decisively or price breaks through these technical confluence zones with sustained momentum, the broader investor base appears hesitant to alter their strategic allocation regarding KeyCorp's equity.

RSI (14)
SMA 50
SMA 200

Quant Health Deep Dive

7/9
Piotroski F-Score
Strong — high operational efficiency and profitability signals
0.2
Altman Z-Score
Distress Zone — below 1.8 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.

Profitability & Value Creation

25.1%
Net Margin
9.2%
WACC
+65.7%
Revenue Growth (YoY)
+1236.0%
Earnings Growth (YoY)
2.1B
Free Cash Flow
50%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

25.1%
Net Profit Margin
NI ÷ Revenue
×
0.04x
Asset Turnover
Revenue ÷ Assets
×
9.05x
Equity Multiplier
Assets ÷ Equity
=
9.0%
Return on Equity
⚠️ High equity multiplier — ROE is being amplified by leverage, not operational excellence.

Balance Sheet Health

8.05x
Debt / Equity
6.56%
FCF Yield

Insider Activity (Last 90 Days)

Net Insider Flow
-$4M
Net Selling
0
Buy Transactions
3
Sale Transactions
2026-02-17WATERS JAMES LOther24,205 shares
2026-02-17PAINE ANDREW J IIISold 3/8 qtrsOther44,557 shares
2026-02-17GAVRITY KENNETH COther21,702 shares
2026-02-17KIDIK ALLYSON MSold 1/8 qtrsOther4,957 shares
2026-02-17GILBERT STACY L.Other4,279 shares

Open-market buys vs sells by company insiders. Source: yfinance.

Earnings Surprise History

Q4
✓ Beat
Est: $0.32
Act: $0.33
+4.0%
Q3
✓ Beat
Est: $0.34
Act: $0.35
+1.9%
Q2
✓ Beat
Est: $0.38
Act: $0.41
+7.6%
Q1
✓ Beat
Est: $0.39
Act: $0.41
+6.3%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.2050
Latest Dividend
$0.82
2025 Total
0.0%
YoY Growth
Annual Dividends per Share
$0.17
2016
$0.38
2017
$0.57
2018
$0.71
2019
$0.74
2020
$0.75
2021
$0.79
2022
$0.82
2023
$0.82
2024
$0.82
2025
$0.41
2026
DateAmountChange
2026-06-02$0.20500.0%
2026-03-03$0.20500.0%
2025-12-02$0.20500.0%
2025-09-02$0.20500.0%
2025-05-27$0.20500.0%
2025-03-04$0.20500.0%
2024-12-03$0.20500.0%
2024-08-27$0.20500.0%
2024-05-24$0.20500.0%
2024-02-26$0.20500.0%
2023-11-27$0.20500.0%
2023-08-28$0.20500.0%
Stock Splits
1998-03-09: 2:11994-03-02: 1.205:11992-04-15: 1.5:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

30.1%
Annual Volatility
1.67
Sharpe (1Y)
-20.2%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this stock's returns.

1.34
Market β
Mkt-RF
+0.598
Size (SMB)
Small-cap tilt
+1.034
Value (HML)
Value tilt
-0.091
Profit (RMW)
Neutral
+0.101
Invest (CMA)
Conservative
Alpha (annual): -4.24%
R²: 76.9%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Fundamentals

9.9
Forward P/E
2.02
PEG Ratio
1.33
Price/Book
13M
Avg Volume
$23.35
52W High
$15.47
52W Low
72%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$3.5B
Tracked Passive Exposure
8
ETFs Holding KEY
0.06%
Avg Weight in ETFs
$6.3T
Total ETF AUM

When investors buy or sell ETFs like DVY or SPYD, the fund manager is mechanically forced to buy or sell KEY shares regardless of KeyCorp's individual fundamentals. We estimate $3.5B of passive capital is structurally linked to KEY through 8 tracked ETFs. Index rebalances and ETF creation/redemption cycles can create noticeable volume spikes unrelated to company news.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in KeyCorp to visualize passive redemption contagion across ETFs and collateral stocks.

KEY Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
KEYEpicenterVTIETFVOOETFIVVETFJPMHigh RiskBRK.BUnknownVLow RiskBACHigh RiskMALow Risk
KEY Price Drop (%)0

If KeyCorp (KEY) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies JPMORGAN CHASE + CO (JPM) as the most exposed collateral stock, sharing 2 ETFs with KEY. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 31 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

KEY Ownership Dynamics

Passive funds hold 1 in every 6 KEY shares, reducing daily market volatility.

Ticker
KEY
Total Shares
1.1B
ETF Lock-Up
16.2%
Display Mode
Total Float Impact
16.2%Locked Float

KeyCorp (KEY) exerts notable gravity on the passive index market, currently representing 1.8% of the iShares Select Dividend ETF (DVY) and 1.2% of the SPYD (SPYD). Across 31 tracked ETFs, approximately 175M shares (16.2% of float) are held by passive funds and rarely trade on the open market. This level of passive ownership means index rebalances can create outsized volume events.

Float lock-up computed from 31 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

KEY Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
KEY
PRICE
$21.18
FLOOR (POC)
$17.63
STRENGTH
High
$15$16$16$16$176%$1711%$18POC 12%$1811%$1811%$197%$19$20$20$20$216%$216%$21.18$22$22$23$23
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for KeyCorp over the past year sits near $17.63 (12% of 252-day volume). The current price of $21.18 trades 20.1% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target. The highly concentrated volume profile (12% at POC) indicates strong consensus on fair value — institutional participants have repeatedly transacted near this price.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-134,822$21.28$102,612.16
2026-05-121,147$21.31$24,442.57
2026-04-27784,999$21.63$17.0M
2026-04-202,420$21.80$52,756
2026-04-156$21.63$129.78
2026-04-1339$21.46$836.94
2026-04-0230,612$20.34$622,648.08
2026-03-279,955$19.88$197,905.4
2026-03-2620$20.00$400
2026-03-2592$19.82$1,823.44
2026-03-2426$19.65$510.9
2026-03-2324,096$19.41$467,703.36
2026-03-18203$19.10$3,877.3
2026-03-12481$19.65$9,451.65
2026-03-09136$19.86$2,700.96
2026-03-0563,910$20.71$1.3M
2026-03-0250,000$20.74$1.0M
2026-02-23400$22.20$8,880
2026-01-211,968$21.09$41,505.12
2026-01-20501$21.17$10,606.17
2026-01-151,952$20.95$40,894.4
2026-01-143,727$20.85$77,707.95
2026-01-134,758$21.07$100,251.06
2026-01-079,661$21.57$208,387.77
2026-01-025$20.64$103.2
2025-12-262,374$21.14$50,186.36
2025-12-221$20.98$20.98
2025-12-193,134$20.94$65,625.96
2025-12-102,430$19.98$48,551.4
2025-12-091,007,920$19.39$19.5M

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
CFG0.9100.891High co-movement
RF0.8980.907High co-movement
TFC0.8950.883High co-movement
ZION0.8860.882High co-movement
FNB0.8820.874High co-movement
ASB0.8770.876High co-movement
PNC0.8750.853High co-movement
MTB0.8730.875High co-movement
HBAN0.8710.858High co-movement

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare KEY to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.