Truist cuts target for KeyCorp stock from USD 24.00 to USD 23.00

Published on 10/05/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.96 billion, up 6.70 percent year over year. KeyCorp stock costs EUR 17.92 on October 5, 2026 after EUR 17.85.

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Truist Financial cut its KeyCorp target from USD 24.00 to USD 23.00 while maintaining a Hold rating in a research note dated September 23, 2026, MarketBeat reports. The target change gives the latest analyst debate around KeyCorp stock a more cautious edge, even as the bank enters its next reporting date with improving year-over-year earnings metrics.

Analysts trim the target

The move from USD 24.00 to USD 23.00 is a USD 1.00 reduction, while the Hold rating stayed unchanged. MarketBeat also reported that Stephens maintained an Overweight rating and a USD 26.00 target on September 15, 2026, showing that research opinions remain divided rather than uniformly negative.

Second-quarter revenue rises

KeyCorp reported USD 1.96 billion in taxable-equivalent revenue for the second quarter of 2026, up 6.70 percent from the prior-year quarter, according to StockTitan. Net income from continuing operations attributable to common shareholders was USD 472.00 million, or USD 0.44 in diluted earnings per share, compared with USD 387.00 million and USD 0.35 in the prior-year quarter. Net interest income rose 9.40 percent to USD 1.26 billion, while the net interest margin reached 2.89 percent.

The balance-sheet picture also supplies a measurable counterweight to the target cut. Assets stood at USD 191.3 billion on June 30, 2026, and the bank repurchased USD 341.00 million of common shares during the second quarter, according to the same filing summary.

October results set the next test

Zacks lists October 20, 2026 as KeyCorp's confirmed next earnings release date and puts the consensus estimate at USD 0.46 per share for the quarter ending September 2026. That estimate stands USD 0.02 above the USD 0.44 reported for the second quarter, giving the upcoming release a clear numerical benchmark.

Euro quote and prior close

KeyCorp stock was trading at EUR 17.92 at Lang & Schwarz on October 5, 2026 at 10:33 a.m. CEST, plus 0.39 percent versus the prior close of EUR 17.85 on October 2, 2026. The US listing was last quoted at USD 20.08 on October 2, 2026, with a 52-week range of USD 16.47 to USD 24.07 and a market capitalization of USD 21.7 billion. The further course of trading is shown by the continuously updated real-time quote of KeyCorp stock.