Core Insights - KeyCorp, headquartered in Cleveland, is a long-standing financial institution in the U.S. with a market capitalization of $19.5 billion, offering a wide range of financial services through KeyBank [1] Performance Overview - KeyCorp's stock has underperformed compared to the broader market, with a marginal increase over the past 52 weeks, while the S&P 500 Index has risen by 17.4% [2] - Year-to-date, KeyCorp shares are up 2.2%, significantly lower than the S&P 500's 16% increase [2] - The stock has also lagged behind the Financial Select Sector SPDR Fund's 10.8% return over the past 52 weeks and 8.1% year-to-date gains [3] Financial Results - KeyCorp reported strong Q3 results, with net interest income increasing by 23.8% and net interest margin rising to 2.75% from 2.17% year-over-year [4] - Despite these operational improvements, investor sentiment remains cautious due to concerns over slower loan growth and elevated funding and deposit costs [4] Earnings Expectations - Analysts project KeyCorp's EPS to grow by 25.9% year-over-year to $1.46 for the current fiscal year ending in December 2025 [5] - The company has a promising earnings surprise history, having beaten consensus estimates in the last four quarters [5] - Among 24 analysts covering the stock, the consensus rating is a "Moderate Buy," with 10 "Strong Buy" ratings, 2 "Moderate Buys," and 12 "Holds" [5] Analyst Ratings - DA Davidson recently lowered its price target on KeyCorp from $22 to $21 while maintaining a "Buy" rating, citing strong Q3 results and higher full-year revenue guidance, but suggesting that these positives are already reflected in consensus estimates [6]