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KEY

KeyCorp

NYSE: KEY · FINANCIAL SERVICES · BANKS - REGIONAL

$21.67
-1.32% today

Updated 2026-04-29

Market cap
$23.56B
P/E ratio
13.29
P/S ratio
3.27x
EPS (TTM)
$1.63
Dividend yield
3.73%
52W range
$14 – $23
Volume
15.9M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

KeyCorp (KEY) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$21.67
Consensus
$22.32
+3.00%
2030 Target
$104.40
+381.77%
DCF
—
—
14 analysts:
4 Buy7 Hold1 Sell

Management guidance

KeyCorp management has not issued specific multi-year revenue guidance through 2030. Latest Q4 2025 earnings showed $5.45B quarterly revenue ($21.8B annualized run-rate) with strong NII expansion and commercial banking growth momentum, particularly in middle-market and Southeast expansion. Management emphasized organic growth strategy and capital return optimization but provided no explicit 2026-2030 revenue targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$174.00
$9.5B Rev × 20x P/S
Base case (2030)
$104.40
$9.5B Rev × 12x P/S
Bear case (2030)
$69.60
$9.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$10.2B$9.1B$11.2B$8.1B$8.6B$8.9B$9.2B$9.5B
Revenue growth—-11.5%23.6%15.3%6.1%4.1%3.3%3.3%
EPS$1.11$0.38$1.50$1.83$2.15$2.38$2.55$2.72
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$88.02$94.16$98.26$102.35$104.40

Catalysts & risks

Growth catalysts
+ Middle-market commercial banking expansion (Atlanta team launch, $2.1B growth initiatives)
+ Strategic Southeast growth investments and market penetration acceleration
+ NII expansion from higher deposit spreads and loan growth in stabilizing rate environment
+ Fee income diversification through payments, family office banking, and wealth management
+ Capital return acceleration (dividends + buybacks) supporting EPS growth
+ Potential M&A in regional banking consolidation wave
Key risks
- Interest rate volatility and NII compression if Fed cuts rates faster than expected
- Credit quality deterioration and rising loan loss provisions amid economic slowdown
- Deposit competition and rising funding costs in high-rate environment
- Commercial real estate exposure and office sector headwinds
- Private credit market exposure concerns noted by some analysts
- Activist investor pressure limiting strategic flexibility
- Regional bank systemic risk if depositor confidence weakens

Methodology

KeyCorp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.