$KEY · KEYCORP /NEW/
KeyCorp filed an 8-K with presentation slides for the September 14, 2026 Barclays Global Financial Services Conference. The slides disclose updated FY2026 guidance: revenue growth raised to ~+8% (from +7–8%), noninterest income raised to +4–5% (from +3–4%), and adjusted noninterest income raised to +6–7% (from +5–6%). Net interest income is now guided to +9–11% with a Q4 NIM exit rate of 3.00–3.05%. Partially offsetting, adjusted noninterest expense is now seen up ~4% (from +3–4%). Long-term ROTCE target of 16–19% and CET1 of 3.25%+/15%+ were reiterated.
- FY2026 revenue guidance raised to ~+8% (from +7–8%) vs FY2025 baseline of $7,513M.
- Net interest income outlook tightened to +9–11% with NIM exit rate of 3.00–3.05% for Q4.
- Noninterest income guidance raised to +4–5% (from +3–4%); adjusted basis raised to +6–7% (from +5–6%).
- Adjusted noninterest expense now seen up ~4% (from +3–4%), partially offsetting revenue uplift.
- ROTCE target maintained at 16–19% with CET1 marked at 3.25%+/15%+.
Markets closed — no regular-session reaction yet; extended-hours last trade at $21.84 shows no movement vs regular close.
Upward guidance revisions across revenue, NII, and fee income signal accelerating momentum at a $23.6B regional bank, though expense guidance also ticked higher.
Regional bank peers are also presenting at the Barclays conference; KeyCorp's upward guidance revisions contrast with a sector still navigating rate-cut uncertainty and deposit cost pressures.
Forward-looking guidance subject to risks detailed in KeyCorp's 2025 10-K, including interest rate sensitivity, credit performance (NCOs guided to 40–45 bps), and macroeconomic uncertainty.
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