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Keycorp (KEY) guidance and outlook
Keycorp's 10-Q filed Nov 3, 2026 makes 35 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 3, 2026
- • our ability to anticipate interest rate changes and manage interest rate risk;
- • We closed on our acquisition of Clearwater UK, which is expected to expand our middle-market mergers and acquisitions (“M&A”) advisory capabilities internationally and further support our priority fee-based business growth strategy.
- We tightened our full-year 2026 outlook for net interest income, average loans, and average commercial loans to reflect stronger-than-expected commercial loan growth through the first nine months of the year, continued client acquisition and relationship expansion, and healthy commercial loan pipelines.
- Our full-year outlook for net charge-offs to average loans was updated to reflect improving credit trends in our portfolio to date.
- Our outlook also assumes a stable competitive deposit environment, continued benefit from fixed-rate asset repricing and swap maturities, and disciplined deposit and balance sheet management.
- Consistent with the forward guidance we provided on October 20, 2026, we expect these current year results, that is, full year 2026 vs. full year 2025:
- We have established the following medium-term targets reflecting expected run rates by the end of 2027:
- Our commercial real estate portfolio includes project loans primarily focused in market-rate and affordable multi-family housing loans, owner-occupied commercial and industrial operating company buildings, and community center grocer-anchored retail centers.
- As of September 30, 2026, 73% of our construction portfolio are multi-family project loans.
- Our capital and liquidity levels are intended to position us to weather an adverse operating environment while continuing to serve our clients’ needs, as well as to meet the Regulatory Capital Rules described in Item 1.
- For purposes of this analysis, we estimate our net interest income based on the current and projected composition of our on- and off-balance sheet positions, accounting for recent and anticipated trends in customer activity.
- Tolerance levels for risk management require the development of remediation plans to maintain residual risk within tolerance if simulation modeling demonstrates that a gradual, parallel 200 basis point increase or 200 basis point decrease in interest rates over the next 12 months would reduce net interest income over the same period by more than 5.0%.
Keycorp's latest quarter
Keycorp, Q3 2026: revenue $2.1B (+8% year over year), operating margin 36.0%, net earnings $579M, operating cash flow $722M. The chart follows the revenue to costs, profit and cash.
Questions
What does Keycorp expect?
• our ability to anticipate interest rate changes and manage interest rate risk; • We closed on our acquisition of Clearwater UK, which is expected to expand our middle-market mergers and acquisitions (“M&A”) advisory capabilities internationally and further support our priority fee-based business growth strategy. We tightened our full-year 2026 outlook for net interest income, average loans, and average commercial loans to reflect stronger-than-expected commercial loan growth through the first nine months of the year, continued client acquisition and relationship expansion, and healthy commer
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.