RBC Capital Cuts KeyCorp (KEY) Price Target to $24

RBC Capital maintained its Outperform rating on KeyCorp (NYSE: KEY) on October 21, 2026, while lowering its price target from $25.00 to $24.00. The research note provides a forward-looking view on the regional bank as shares navigate the autumn trading session.

KEY KeyCorp

$21.10 ▲ +3.53% year to date

1M 3M YTD

Daily close · Oct 22, 2026

RBC Capital's Call on KeyCorp

On October 21, 2026, RBC Capital issued its updated view on the bank, keeping an Outperform rating while reducing the target price from $25.00 down to $24.00. The adjustment places the target closer to the current share price while maintaining a positive stance on the institution's prospects.

Other Institutional Activity in KeyCorp

Other major institutional investors adjusted their positions in KeyCorp ahead of the latest market updates. Bank of Nova Scotia trimmed its holdings by 5,232,143 shares, ending the period with 157,762,958 shares valued at about $3,331,164,822. Meanwhile, Deutsche Bank AG grew its stake by 6,543,847 shares, bringing its total ownership to 16,496,467 shares worth approximately $348,322,896.

KeyCorp Stock Up 0.2%

KeyCorp shares recently traded around $21.08 as of October 22, 2026, up about 0.2% from the $21.03 close on the day of RBC's note. The stock closed down 0.3% against its 50-day moving average of $21.15 and 2.2% below its 200-day moving average of $21.55. Recent prices sit 12.4% under the 52-week high of $24.07 and 24.7% above the 52-week low of $16.91.

Recent Earnings

KeyCorp reported trailing twelve-month revenue of $7.58 billion alongside earnings of $1.72 per share. The bank posted a net profit margin of 28.0% and a return on equity of 11.2%. Year-over-year revenue growth stood at 11.5%. The company's next earnings report is scheduled for release on January 20, 2027.

Dividend

KeyCorp pays an annual dividend rate of $0.82 per share, translating to a 3.9% dividend yield. The payout ratio sits at 47.7% of earnings, balancing shareholder returns with capital retention for banking operations.

Insider Buying and Selling at KeyCorp

Company insiders completed several share transactions earlier in the year. Officer Angela G Mago sold 22,826 shares on May 8, 2026, at an average price of $21.66 for a total value of $494,411. Director Elizabeth R Gile disposed of 23,946 shares on June 3, 2026, at $20.88 per share, totaling $499,992. Later, on July 22, 2026, officer Mohit Ramani sold 25,000 shares at $22.74 per share for a total of $568,500. None of these transactions were reported under a Rule 10b5-1 plan.

Analysts Set New Price Targets

Wall Street firms updated their views on KeyCorp throughout October 2026. On October 1, Evercore ISI Group maintained its Outperform rating while lowering its target from $26.00 to $24.00. JP Morgan kept a Neutral rating on October 2, moving its target from $24.50 to $23.00. UBS maintained a Buy rating on October 5, adjusting its target from $27.00 to $25.00. On October 21, DA Davidson maintained a Buy rating and raised its target from $26.00 to $27.00. Overall consensus views KeyCorp as a buy, with 20 analyst opinions contributing to a mean target price of $25.11.

About KeyCorp

Based in Cleveland, Ohio, KeyCorp operates as the bank holding company for KeyBank National Association. The institution provides retail and commercial banking products and services across the United States through its Consumer Bank and Commercial Bank segments, supporting nearly 18,000 employees.

Bottom Line

Investors will look toward KeyCorp's next earnings release on January 20, 2027, for further insight into regional banking conditions. Analysts continue to monitor how the stock performs relative to consensus price targets.