KeyCorp stock declined 5.4% amid mixed developments. First Citizens BancShares is reportedly exploring an acquisition of KeyCorp to surpass the $250 billion asset threshold, though both companies declined to comment on the discussions. Bank stocks broadly fell on February 23 due to macro concerns including tariff uncertainty, potential credit losses from AI-related unemployment increases, and private credit exposure concerns. JPMorgan Chase reduced its KeyCorp stake by 17.9% in Q3, selling 1,285,399 shares. Insiders also sold 161,506 shares recently. KeyCorp received an average "Hold" rating from 20 analysts with an average price target of $22.87. The company beat Q4 earnings estimates and declared a quarterly dividend of $0.205 per share. Analyst ratings remain mixed, with some upgrades and downgrades reported recently.
Read full analysisKeyCorp stock declined 5.4% amid mixed developments. First Citizens BancShares is reportedly exploring an acquisition of KeyCorp to surpass the $250 billion asset threshold, though both companies declined to comment on the discussions. Bank stocks broadly fell on February 23 due to macro concerns including tariff uncertainty, potential credit losses from AI-related unemployment increases, and private credit exposure concerns. JPMorgan Chase reduced its KeyCorp stake by 17.9% in Q3, selling 1,285,399 shares. Insiders also sold 161,506 shares recently. KeyCorp received an average "Hold" rating from 20 analysts with an average price target of $22.87. The company beat Q4 earnings estimates and declared a quarterly dividend of $0.205 per share. Analyst ratings remain mixed, with some upgrades and downgrades reported recently.
KeyCorp is a Cleveland-based regional bank with approximately $184 billion in assets, offering commercial and consumer banking services primarily across the Midwest and Northeast. The company recently reported record full-year revenue of $7.5 billion and resolved activist pressure from HoldCo Asset Management earlier this year. KeyCorp is now at the center of acquisition speculation after Bloomberg reported that First Citizens BancShares is exploring a deal, though discussions remain exploratory — uncertainty around that potential transaction is compounding a broader financials sector selloff driven by macro and credit concerns.