Anticipated Highlights from KeyCorp's Second Quarter Earnings Report of 2025
KeyCorp, a bank holding company headquartered in Cleveland, Ohio, is gearing up to announce its fiscal Q2 earnings for 2025 on July 21. The company, with a market cap of $18.9 billion, has been consistently performing well, outpacing the S&P 500 Index and slightly lagging behind the Financial Select Sector SPDR Fund over the past 52 weeks.
Analysts, including David Konrad from Keefe, Bruyette & Woods, have a generally positive outlook for KeyCorp. Konrad maintains an Outperform rating with a stable price target of $18 as of May 29, 2025. This confidence is backed by the company's CEO's prediction that investment banking revenues might grow about 10% annually in the first half of 2025, with net interest income expected to rise by more than 20% annually.
Wall Street analysts currently have a "Moderate Buy" rating for KEY's stock. Among 22 analysts covering the stock, nine recommend "Strong Buy," two suggest "Moderate Buy," and 11 indicate "Hold." The mean price target for KEY is $18, indicating a 4.5% potential upside from the current levels.
In the first quarter of 2025, KeyCorp's EPS of $0.33 exceeded the forecasted figure by 3.1%. The company's overall revenue advanced 15.7% year-over-year to $1.8 billion and surpassed the consensus estimates. Higher revenue and lower noninterest expenses supported KeyCorp's profitability in Q1 2025, with its adjusted EPS of $0.33 improving 50% from the year-ago quarter.
For fiscal 2025, analysts anticipate KeyCorp to report a profit of $1.42 per share, up 22.4% from $1.16 per share in fiscal 2024. The company's EPS is expected to grow 20.4% year-over-year to $1.71 in fiscal 2026.
On Apr. 17, shares of KEY rose 1.4% after its Q1 earnings release. Analysts predict that KeyCorp will report a profit of $0.34 per share in Q2 2025, up 36% from $0.25 per share in the year-ago quarter. However, the exact consensus EPS forecast for Q2 2025 is not detailed in the provided data. To get the precise EPS consensus figure, financial platforms like MarketBeat or analyst research reports would typically list it shortly before or after earnings announcements.
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Investors should take note of KeyCorp's impending Q2 earnings announcement on July 21, as the company's positive performance and promising investment banking revenues might attract more business and increased investing interest in the financial sector. With a "Moderate Buy" rating from Wall Street analysts and a mean price target of $18, KEY's stock offers a potential upside of 4.5%.
