KeyCorp (KEY) Stock AnalysisKEYKeyCorp

KeyCorp is a bank-based financial services company, which operates through its subsidiary, KeyBank National Association (KeyBank). Through KeyBank and certain other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients. Its segment includes Consumer Bank and Commercial Bank. The Consumer Bank serves individuals and small businesses by offering a variety of deposit and investment products, personal finance and financial wellness services, lending, student loan refinancing, mortgage and home equity, credit card, treasury services, and others. The Commercial Bank consists of the Commercial and Institutional operating segments. The Commercial operating segment is focused on serving the borrowing, cash management, and capital markets. It operates in the Financials sector (NATIONAL COMMERCIAL BANKS industry).

KeyCorp appears to be a good buy right now, trading at $19.99 with a forward P/E of 9.89, indicating it is undervalued compared to its earnings potential. The upcoming earnings report on October 20 is expected to show an EPS of $0.46, which could drive the price higher. However, the RSI of 46.51 suggests it is not yet overbought, providing room for growth. The main risk is the recent decline in bank stocks, with a 15% drop from 52-week highs due to inflation concerns.

28 analysts cover KEY: 18 rate it Buy, 9 Hold and 1 Sell. The average price target is 23.00.