KeyCorp rises after raising annual revenue forecast
14/09/2026 17:19
BUZZ-KeyCorp rises after raising annual revenue forecast ** U.S. regional lender KeyCorp's KEY.N shares rise 0.6% to $21.98
** KEY now expects annual revenue growth of ~8%, compared with prior forecast of 7 to 8%
** Revised forecast driven by stronger outlook for fee income growth
** KeyCorp finance chief Clark Khayat set to present at Barclays Global Financial Services Conference at 2:45 p.m. ET (1845 GMT)
** "We expect the stock to react positively in the near term as the updated revenue outlook is favorable to the 2026 consensus estimates of 7.4%," Stephens analyst Matt Olney says
** 11 of 20 brokerages rate the stock "buy" or higher and 9 "hold"; median PT $25 - data compiled by LSEG
** As of last close, KEY stock up 5.8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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