KeyCorp provided an updated financial outlook for the full-year 2026 in a presentation at the Barclays Global Financial Services Conference. The company raised its guidance for total revenue, net interest income, and noninterest income, while also increasing its expense forecast.

Key Details

  • Revenue Guidance: Full-year 2026 revenue is now expected to grow approximately 8%, compared to prior guidance of 7-8%.
  • Income Projections: Net interest income is projected to increase 9-11%, while the noninterest income growth forecast was raised to 4-5% from 3-4% previously.
  • Expense Outlook: The forecast for adjusted noninterest expense growth was revised to approximately 4%, up from the prior range of 3-4%.
  • Net Interest Margin: The company targets a fourth-quarter 2026 net interest margin (NIM) exit rate of 3.00-3.05%.