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KeyCorp (KEY) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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KeyCorp (KEY - Free Report) reported $2.05 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 8.8%. EPS of $0.51 for the same period compares to $0.41 a year ago.

The reported revenue represents a surprise of +1.13% over the Zacks Consensus Estimate of $2.03 billion. With the consensus EPS estimate being $0.46, the EPS surprise was +10.87%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how KeyCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Book value at period end: $15.01 versus the four-analyst average estimate of $15.93.
  • Net interest margin (TE) from continuing operations: 3% versus 3% estimated by four analysts on average.
  • Net loan charge-offs to average loans: 0.3% versus 0.4% estimated by four analysts on average.
  • Cash efficiency ratio (non-GAAP): 60.6% versus the four-analyst average estimate of 61.2%.
  • Capital Ratios - Tier 1 risk-based capital: 12.3% versus the two-analyst average estimate of 12.5%.
  • Capital Ratios - Leverage: 9.9% versus the two-analyst average estimate of 10.1%.
  • Average Balance - Total earning assets: $173.77 billion compared to the $173.97 billion average estimate based on two analysts.
  • Service charges on deposit accounts: $79 million compared to the $79 million average estimate based on four analysts.
  • Corporate services income: $72 million versus $77.3 million estimated by four analysts on average.
  • Trust and investment services income: $165 million compared to the $160.88 million average estimate based on four analysts.
  • Investment banking and debt placement fees: $214 million versus the four-analyst average estimate of $207.04 million.
  • Cards and payments income: $93 million versus $93.44 million estimated by four analysts on average.

View all Key Company Metrics for KeyCorp here>>>

Shares of KeyCorp have returned -4.6% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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