Skip to Content
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

U.S. Banks' Q4 Earnings Outlook: Positive Momentum Likely to Continue, Anticipate FVE Raises

Eric Compton, CFA Senior Equity Analyst

Analyst Note

| Eric Compton, CFA |

Positive momentum is likely to continue for U.S. banks during fourth-quarter earnings announcements. Almost everything seems to be going the banks’ way: The yield curve is steepening, expectations for multiple interest-rate hikes in 2022 have solidified, initial fourth-quarter investment banking numbers appear to be strong, fourth-quarter loan growth numbers are likely to be solid, credit losses are likely to remain cyclically low, and omicron seems unlikely to throw the economy back into a tailspin. We will also be updating our tax rate assumptions, as we no longer anticipate a corporate tax hike (see our Dec. 23, 2021, note).

Read Full Analysis

Company Profile

Business Description

With assets over $150 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.

Contact
127 Public Square
Cleveland, OH, 44114-1306
T +1 216 689-3000
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 17,034

Related