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StocksUpdated×2•Originally published 18 April 2026•Updated 19 April 2026•

1 min read

KeyCorp Buy Rating Reiterated Following Strong Q1 Earnings Growth

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Key Facts

1D.A. Davidson reiterated a 'Buy' rating for KeyCorp (NYSE:KEY) with a price target of $26.00.

2The company reported 33% year-over-year EPS growth in Q1 2026, leading its peer group.

3Major analysts including RBC Capital, BofA Securities, and Jefferies have raised their price targets for KeyCorp.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Updated the story to include the earnings beat, the announcement of a $1.3 billion share buyback program, and new strategic investments in AI technology.

Version 1about 2 months ago

What changed: Added CEO commentary regarding consumer health and private credit to provide additional qualitative context to the financial results.

D.A. Davidson has reiterated its 'Buy' rating for KeyCorp (NYSE: KEY) with a $26.00 price target, as Q1 2026 results exceeded market expectations for both net income and net interest income. In a significant move to boost shareholder value, the bank announced plans for share buybacks totaling at least $1.3 billion in 2026. Furthermore, KeyCorp revealed new strategic investments in AI technology designed to drive future growth and operational efficiency. These updates follow CEO Chris Gorman's recent comments to CNBC regarding the resilience of the consumer base. With major firms like RBC Capital and BofA Securities already raising their targets, the quantified buyback program and AI initiatives provide further momentum for the stock.