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Last €13.63 EUR
Change Today +0.098 / 0.72%
Volume 0.0
KEY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:44 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

keycorp (KEY) Snapshot

Open
€13.56
Previous Close
€13.53
Day High
€13.67
Day Low
€13.43
52 Week High
07/16/15 - €14.07
52 Week Low
10/15/14 - €9.20
Market Cap
11.6B
Average Volume 10 Days
300.0
EPS TTM
--
Shares Outstanding
848.3M
EX-Date
08/28/15
P/E TM
--
Dividend
€0.30
Dividend Yield
1.67%
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, real estate, and technology 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, 2014, the company operated 994 retail banking branches and 1,287 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.

13,512 Employees
Last Reported Date: 07/16/15
Founded in 1849

keycorp (KEY) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $1.0M
Chief Financial Officer and Member of Executi...
Total Annual Compensation: $600.0K
Chairman of Keybank National Association, Chi...
Total Annual Compensation: $600.0K
Member Executive Council and Co-President of ...
Total Annual Compensation: $533.1K
Co-President of Key Community Bank - Consumer...
Total Annual Compensation: $528.8K
Compensation as of Fiscal Year 2014.

keycorp (KEY) Key Developments

KeyCorp Plans to Close 20 to 30 Branches by December 2015

KeyCorp announced that it plans to close 20 to 30 branches by December 2015 in its ongoing effort to cut costs. The locations of the branches that will close haven’t yet been announced. Customers will be notified at least 90 days before closing.

KeyCorp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Loan Charge-Offs for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for 2015

KeyCorp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported net interest income of $584 million compared to $573 million a year ago. Income from continuing operations before income taxes was $320 million compared to $329 million a year ago. Income from continuing operations was $236 million compared to $253 million a year ago. Net income attributable to the company was $238 million compared to $219 million a year ago. Income from continuing operations attributable to the common shareholders was $230 million or $0.27 per basic and diluted share compared to $242 million or $0.27 per basic and diluted share a year ago. Net income attributable to the common shareholders was $233 million or $0.27 per diluted share compared to $214 million or $0.24 per basic and diluted share a year ago. From consolidated operations, return on average common equity was 9.07% compared to 8.44% a year ago. From consolidated operations, return on average tangible common equity was 10.14% compared to 9.37% a year ago. From consolidated operations, return on average total assets was 1.02% compared to 0.96% a year ago. From continuing operations, return on average total assets was 1.03% against 1.14% a year ago. From continuing operations, return on average common equity was 8.96% against 9.55% a year ago. Total interest income was $652 million compared to $639 million a year ago. From continuing operations, return on average tangible common equity was 10.14% compared to 10.60% a year ago. The quarter results were driven by core business activity across company, which resulted in 4% year-over-year revenue growth. For the six months, the company reported net interest income of $1,155 million compared to $1,136 million a year ago. Income from continuing operations before income taxes was $624 million compared to $659 million a year ago. Income from continuing operations was $466 million compared to $491 million a year ago. Net income attributable to the company was $471 million compared to $461 million a year ago. Income from continuing operations attributable to the common shareholders was $452 million or $0.52 per diluted share compared to $474 million or $0.53 per diluted share a year ago. Net income attributable to the common shareholders was $460 million or $0.53 per diluted share compared to $450 million or $0.51 per basic and diluted share a year ago. From consolidated operations, return on average common equity was 9.01% compared to 8.96% a year ago. From consolidated operations, return on average tangible common equity was 10.08% compared to 9.96% a year ago. From consolidated operations, return on average total assets was 1.02% compared to 1.03% a year ago. From continuing operations, return on average total assets was 1.03% against 1.13% a year ago. From continuing operations, return on average common equity was 8.86% against 9.44% a year ago. From continuing operations, return on average tangible common equity was 9.91% compared to 10.49% a year ago. Total interest income was $1,288 million compared to $1,269 million a year ago. Book value was $12.21 per share compared to $11.65 at June 30, 2014. Tangible book value was $10.92 per share against $10.50 per share a year ago. Net loan charge-offs for the second quarter of 2015 totaled $36 million compared to $30 million for the second quarter of 2014. For 2015, the company expects net interest income up low single-digits without the benefit of higher rates; and down from fiscal 2014, reflecting continued elevated levels of liquidity; relatively stable with second quarter of 2015 reported level. Noninterest income is expected to be up in the mid-single-digit percentage range for the year, and full year reported expenses should be relatively stable with 2014.

KeyCorp. Declares Dividend on Common Shares for the Third Quarter of 2015, Payable on September 15, 2015; Declares Dividend on 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A for the Third Quarter of 2015, Payable on September 15, 2015

KeyCorp announced that its Board of Directors declared the dividends for the third quarter of 2015. A cash dividend of $0.075 per share on the corporation's outstanding common shares. The dividend is payable on September 15, 2015 to holders of record of such common shares as of the close of business on September 1, 2015. A dividend of $1.9375 per share on the corporation's outstanding 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, payable on September 15, 2015 to holders of record as of the close of business on August 31, 2015, for the period commencing on (and including) June 15, 2015 to (but excluding) September 15, 2015.

 

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Industry Analysis

KEY

Industry Average

Valuation KEY Industry Range
Price/Earnings 14.2x
Price/Sales 3.1x
Price/Book 1.2x
Price/Cash Flow 13.8x
TEV/Sales NM Not Meaningful
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