#4 - KeyCorp (NYSE:KEY)
KeyCorp (NYSE: KEY) is one of the smaller large-cap banks on this list. It currently has a market cap of $11.39 billion. The bank is headquartered in Cleveland, Ohio and has a footprint of 1,000 in 15 states. As of April 2023, the bank had assets of approximately $190 billion.
The company divides its business into two divisions: Consumer Bank and Commercial Bank. At the end of 2022, approximately 69% of its loan portfolio was from its commercial customers.
As of 12/31/2022, KeyCorp had a Common Equity Tier 1 ratio of 9.1 that was down slightly from the 9.5% it posted in the prior year, but still comfortably above the regulatory requirement of 8%. It was also within the bank’s forecasted range of between 9.0% and 9.5%.
As of April 2023, the bank had a juicy dividend yield of 6.66% and an impressive streak of 11 consecutive years of dividend increases.
About KeyCorp
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.
Read More - Current Price
- $17.09
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $19.16 (12.1% Upside)
