Summary:
- KeyCorp (KEY, Financial) reports strong Q2 results with earnings of $0.35 per share.
- Revenue increased by 21%, prompting an upward revision of 2025 guidance.
- Analysts see stock price potential with a mixed outlook on its value.
KeyCorp's Impressive Second Quarter Performance
In a noteworthy display of financial strength, KeyCorp (KEY) delivered a remarkable performance in the second quarter. The company announced an impressive earnings per share of $0.35, alongside a 21% increase in revenues compared to the same period last year. Moreover, KeyCorp has bolstered its loan loss reserves by $36 million, marking a strategic move to safeguard against potential future uncertainties. This quarter marks the fifth consecutive improvement in the company’s pre-provision net revenue, highlighting a positive trajectory.
Demonstrating confidence in its future prospects, KeyCorp has revised its 2025 revenue guidance upwards, signaling strong anticipated growth and resilience in its business model.
Wall Street Analysts Forecast
Analyzing Wall Street insights, KeyCorp (KEY, Financial) has been subject to keen interest. According to the one-year price targets from 19 analysts, the stock showcases an average target price of $19.86, with projections spanning from a high of $22.20 to a low of $17.00. This average target reflects a potential upside of 6.14% from the current trading price of $18.71. For deeper insights, visit the KeyCorp (KEY) Forecast page.
The consensus from 24 brokerage firms pegs KeyCorp's average brokerage recommendation at 2.3, categorizing it as "Outperform." This rating scale ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell, underscoring a generally positive outlook among analysts.
However, in contrast, the GF Value estimate from GuruFocus presents a cautious perspective. It predicts a future value of $15.85 for KeyCorp in one year, indicating a potential downside of 15.29% from the current price. The GF Value reflects GuruFocus' calculated fair value, considering historical trading multiples, past growth, and future business estimates. Explore more in the KeyCorp (KEY, Financial) Summary page.
