Last $13.56 USD
Change Today +0.05 / 0.37%
Volume 13.8M
KEY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

keycorp (KEY) Snapshot

Open
$13.70
Previous Close
$13.51
Day High
$13.90
Day Low
$13.42
52 Week High
03/21/14 - $14.70
52 Week Low
04/19/13 - $9.29
Market Cap
11.9B
Average Volume 10 Days
11.3M
EPS TTM
$1.05
Shares Outstanding
879.9M
EX-Date
--
P/E TM
12.9x
Dividend
$0.26
Dividend Yield
1.62%
Current Stock Chart for KEYCORP (KEY)

keycorp (KEY) Details

KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The company’s Key Community Bank segment offers deposit and investment products; personal finance services and loans, including residential mortgages, home equity, credit cards, and various installment loans for individuals; deposits, investment and credit products, and business advisory services to small businesses; and financial, estate and retirement planning, and asset management services to high-net-worth clients. This segment also provides commercial lending, cash management, equipment leasing, investment and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange services to mid-sized businesses. Its Key Corporate Bank segment offers a suite of banking and capital market products, such as syndicated finance, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, public finance, and debt and equity capital market products, as well as commercial mortgage loans for middle market clients comprising consumer, energy, healthcare, industrial, public, and real estate sectors. In addition, KeyCorp provides personal, securities lending, and custody services; access to mutual funds, treasury, investment banking, international banking, and investment management services; and financial services consisting of community development financing, securities underwriting, and brokerage, as well as merchant services. As of December 31, 2013, the company operated 1,028 retail banking branches and 1,335 automated teller machines in 12 states, as well as a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

14,783 Employees
Last Reported Date: 02/26/14
Founded in 1849

keycorp (KEY) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $986.5K
Chief Financial Officer and Member of Executi...
Total Annual Compensation: $323.1K
Vice Chairman of Keybank National Association...
Total Annual Compensation: $600.0K
Chief Risk Officer, Senior Executive Vice Pre...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

keycorp (KEY) Key Developments

Keycorp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Net Loan Charge-Offs for the First Quarter Ended March 31, 2014

KeyCorp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's total interest income was $630 million compared to $667 million a year ago. Net interest income was $563 million compared to $583 million a year ago. Net interest income after provision for loan and lease losses was $557 million compared to $528 million a year ago. Income from continuing operations before income taxes was $330 million compared to $272 million a year ago. Income from continuing operations was $238 million compared to $202 million a year ago. Net income was $242 million compared to $205 million a year ago. Net income attributable to the company was $242 million compared to $204 million a year ago. Income from continuing operations attributable to the company common shareholders was $232 million or $0.26 per diluted share compared to $196 million or $0.21 per diluted share a year ago. Net income attributable to the company common shareholders was $236 million or $0.26 per diluted share compared to $199 million or $0.21 per diluted share a year ago. From consolidated operations: Return on average total assets was 1.09% compared to 0.94% a year ago. From consolidated operations: Return on average common equity was 9.50% compared to 8.08% a year ago. From consolidated operations: Return on average tangible common equity was 10.56% compared to 9.01% a year ago. Book value at period end was $11.43 compared to $10.89 a year ago. For the first quarter ended March 31, 2014, the company's net loan charge-offs was $20 million compared to $49 million a year ago.

KeyCorp. Announces New Leadership Structure for its Community Bank

KeyCorp announced that it has created a new leadership structure for its Community Bank and named E.J. Burke and Dennis Devine Co-Presidents. Burke will serve as Community Bank Co-President, Commercial & Private Banking and Devine will serve as Community Bank Co-President, Consumer & Small Business. Devine and Burke will join Key's Executive Leadership Team and report directly to Beth Mooney, Key's Chairman and CEO. In the new structure, the Community Bank Co-Presidents will work together to deliver Key's solutions to consumer, commercial, and high-net worth clients across 12 states and 23 markets. Burke will be responsible for Key's Commercial Banking and Business Banking segments as well as Key Private Bank. Devine will focus on Key's retail banking operations working with Consumer and Small Business clients. As a result of this new leadership structure, Bill Koehler, President of the Community Bank, has decided to leave Key. Dennis Devine joined Key in 2012 and currently leads Key's Consumer & Small Business Segment. He has been responsible for business performance and strategic direction of Key's retail businesses across 12 states and nearly 2 million clients. E.J. Burke joined Key in 2000 and currently leads KeyBank Real Estate Capital and Key Community Development Lending.

KeyCorp. to Evaluate an Increase of the Quarterly Dividend

KeyCorp. announced that in May, the Board of Directors will evaluate an increase of the company's quarterly dividend from $0.055 per share to $0.065 per share.

 

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Industry Analysis

KEY

Industry Average

Valuation KEY Industry Range
Price/Earnings 14.6x
Price/Sales 3.0x
Price/Book 1.2x
Price/Cash Flow 13.1x
TEV/Sales NM Not Meaningful
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