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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“This includes contracts with KeyBanc, Friend Financial and Vancity executed in the fourth quarter”
KeyBanc (KeyCorp) signed a new multiyear Issuer Solutions contract with Global Payments in Q4 2024, part of a broader wave of large-bank renewals.
“It started with the bigger banks, JPMorgan, Bank of America, but now Fifth Third, PNC or some of your peers that are building out branches”
An analyst notes PNC is among regional peers building out branches to strengthen consumer banking, a competitive dynamic for KeyCorp.
“It started with the bigger banks, JPMorgan, Bank of America, but now Fifth Third, PNC or some of your peers that are building out branches”
An analyst notes Fifth Third is among regional peers building out branches to strengthen consumer banking, a competitive dynamic for KeyCorp.
“It started with the bigger banks, JPMorgan, Bank of America, but now Fifth Third, PNC or some of your peers that are building out branches”
An analyst cites Bank of America among large banks investing in branch buildouts to strengthen consumer banking, a competitive dynamic for KeyCorp.
“It started with the bigger banks, JPMorgan, Bank of America, but now Fifth Third, PNC or some of your peers that are building out branches”
An analyst cites JPMorgan among large banks investing in physical branch buildouts to strengthen consumer banking, framing it as a competitive dynamic for KeyCorp.
“We also continue to maintain a positive outlook with Moody's.”
KeyCorp retains a positive outlook from Moody's, signaling potential for a future upgrade.
“we are pleased to have received a one-notch upgrade to both our long and short-term ratings from Fitch this quarter, with our senior unsecured debt now rated A minus.”
Fitch upgraded KeyCorp's long- and short-term ratings by one notch, taking senior unsecured debt to A-, a positive credit signal.
“Roughly half of the build is driven by loan growth and mix shift and the remainder from the net impact deterioration in the Moody's macroeconomic scenario.”
KeyCorp uses Moody's macroeconomic scenarios to model its CECL loan-loss reserves; a deterioration in that scenario drove roughly half of the quarter's $36 million reserve build.
“roughly 8% of our NII growth this year is due to the Scotiabank investment and related securities portfolio repositioning that we executed late in 2024 implying organic NII growth in the low teens this year.”
KeyCorp's 2025 net interest income growth is being meaningfully boosted (about 8 points) by the capital Scotiabank invested in Key in late 2024 and the related balance-sheet repositioning.
“In retrospect, the Scotiabank strategic minority investment that we closed at the end of last year was well timed.”
Scotiabank's strategic minority investment in KeyCorp, closed at the end of 2024, is credited by management with repositioning KeyCorp's balance sheet and accelerating its capital and earnings trajectory heading into the 2025 macro uncertainty.
“Consistent with our expectations when we announced the transaction with Scotiabank back in August, we utilized roughly half their capital injection to complete two securities portfolio repositionings, one each in the third and fourth quarter.”
Scotiabank's capital injection directly funded KeyCorp's two securities portfolio repositioning trades in Q3 and Q4 2024, a structural driver of 2025 net interest income growth.
“I want to commend our team for the successful closing of the Scotiabank minority investment prior to year-end.”
KeyCorp closed a minority equity investment from Scotiabank (Bank of Nova Scotia), a capital infusion management frames as a key milestone entering 2025.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Manan Gosalia | Morgan Stanley | 12 (0%) |
| Ebrahim Poonawala | Bank of America | 12 (8%) |
| John Pancari | Evercore ISI | 10 (0%) |
| Erika Najarian | UBS | 9 (11%) |
| Mike Mayo | Wells Fargo | 9 (33%) |
| Ken Usdin | Autonomous Research | 8 (0%) |
| Ryan Nash | Goldman Sachs | 8 (25%) |
| Gerard Cassidy | RBC Capital Markets | 7 (0%) |
| Scott Siefers | Piper Sandler | 6 (0%) |
| Chris McGratty | KBW | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 | 12 (8%) |
| Morgan Stanley | 1 | 12 (0%) |
| Evercore ISI | 1 | 10 (0%) |
| UBS | 1 |
| 9 (11%) |
| RBC Capital Markets | 2 | 9 (0%) |
| Wells Fargo | 1 | 9 (33%) |
| Goldman Sachs | 1 | 8 (25%) |
| Autonomous Research | 1 | 8 (0%) |
KeyCorp closed a record FY2025 with Q4 EPS of $0.43 as revenue exceeded $2 billion and grew 12% year-over-year on an adjusted basis, with NIM reaching 2.82% above the year-end target. Full-year adjusted revenue growth reached 16%, and management introduced strong FY2026 guidance with approximately 7% revenue growth driven by 8-10% NII growth and 3-4% fee growth. An aggressive capital return program launched with commercial loan growth momentum at 9% C&I commitment growth. Board refreshment and governance changes complemented the strong financial trajectory.
Revenue Growth | Demand | Competitive Dynamics | Capital Allocation | Capex Investment | Macroeconomic | Credit | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 6 | 4 | 3 | 1 | 1 | 2 | 2 |
| 2025Q1 | 2 | 1 | 1 | 2 | 1 | 2 | 2 | |
| 2025Q2 | 4 | 6 | 4 | 1 | 4 | 1 | 1 | 3 |
| 2025Q3 | 6 | 4 | 3 | 7 | 2 | 2 | 1 | 1 |
| 2025Q4 | 8 | 6 | 3 | 4 | 3 | 3 | 2 | 1 |
| 2026Q1 | 5 | 5 | 7 | 3 | 3 | 4 | 4 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7 | 2 | 4 | 6 | 8 | 5 |
| Demand | 6 | 1 | 6 | 4 | 6 | 5 |
| Competitive Dynamics | 4 | 1 | 4 | 3 | 3 | 7 |
| Capital Allocation | 3 | 2 | 1 | 7 | 4 | 3 |
| Capex Investment | 1 | 1 | 4 | 2 | 3 | 3 |
| Macroeconomic | 1 | 2 | 1 | 2 | 3 | 4 |
| Credit | 2 | 2 | 1 | 1 | 2 | 4 |
| Pricing | 2 | 3 | 1 | 1 | 4 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
KEY KeyCorp | 9 | +1.1% | |
| CFG Citizens Financial Group | 8 | +4.5% | |
| FITB Fifth Third Bancorp | 7 | +25.8% | |
| HBAN Huntington Bancshares | 7 | +26.3% | |
| MTB M&T Bank | 7 | +1.7% | |
| PNC PNC Financial Services | 8 | +12.7% | |
| RF Regions Financial Corporation | 6 | +0.5% | |
| TFC Truist Financial | 7 | +0.4% | |
| USB U.S. Bancorp | 7 | +4.7% |