KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans to consumer, energy, healthcare, industrial, public sector, real estate, and technology sectors for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. The company was founded in 1849 and is headquartered in Cleveland, Ohio.

KeyCorp

Looking at the universe of stocks we cover at Dividend Channel, on 9/2/25, KeyCorp (Symbol: KEY), M & T Bank Corp (Symbol: MTB), and FNB Corp (Symbol: FNB) will all trade ex-dividend for their respective upcoming dividends. KeyCorp will pay its quarterly dividend of $0.205 on 9/15/25, M & T Bank Corp will pay its quarterly dividend of $1.50 on 9/30/25, and FNB Corp will pay its quarterly dividend of $0.12 on 9/15/25. As a percentage of KEY's recent stock price of $19.36, this dividend works out to approximately 1.06%, so look for shares of KeyCorp to trade 1.06% lower — all else being equal — when KEY shares open for trading on 9/2/25. Similarly, investors should look for MTB to open 0.75% lower in price and for FNB to open 0.72% lower, all else being equal.
Below are dividend history charts for KEY, MTB, and FNB, showing historical dividends prior to the most recent ones declared.
KeyCorp (Symbol: KEY):
M & T Bank Corp (Symbol: MTB):
FNB Corp (Symbol: FNB):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.23% for KeyCorp, 2.99% for M & T Bank Corp, and 2.87% for FNB Corp.
In Friday trading, KeyCorp shares are currently down about 0.1%, M & T Bank Corp shares are off about 0.5%, and FNB Corp shares are down about 0.5% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: KeyCorp, M & T Bank and FNB

Investors in KeyCorp (Symbol: KEY) saw new options become available today, for the October 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the KEY options chain for the new October 10th contracts and identified one put and one call contract of particular interest.
The put contract at the $18.00 strike price has a current bid of 15 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $18.00, but will also collect the premium, putting the cost basis of the shares at $17.85 (before broker commissions). To an investor already interested in purchasing shares of KEY, that could represent an attractive alternative to paying $19.40/share today.
Because the $18.00 strike represents an approximate 7% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 70%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.83% return on the cash commitment, or 7.07% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for KeyCorp, and highlighting in green where the $18.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $19.50 strike price has a current bid of 48 cents. If an investor was to purchase shares of KEY stock at the current price level of $19.40/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $19.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.99% if the stock gets called away at the October 10th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if KEY shares really soar, which is why looking at the trailing twelve month trading history for KeyCorp, as well as studying the business fundamentals becomes important. Below is a chart showing KEY's trailing twelve month trading history, with the $19.50 strike highlighted in red:
Considering the fact that the $19.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 49%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.47% boost of extra return to the investor, or 21.00% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 49%, while the implied volatility in the call contract example is 38%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $19.40) to be 35%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Also see:
TENX shares outstanding history
Funds Holding OPHT
Institutional Holders of FORR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

October 10th Options Now Available For KeyCorp (KEY)

Key Points
Super Micro Computer stock fell by over 20% after the company’s latest quarterly earnings release on Aug. 5.
The artificial intelligence (AI) data center builder’s shares have found support, but this could be temporary.
As three key issues with Supermicro persist, shares could keep on sinking.
On Aug. 5, 2025, Super Micro Computer (NASDAQ: SMCI) released results for the company's fiscal fourth quarter, ending June 30, 2025. The artificial intelligence (AI) server maker's shares fell by over 20% on disappointing results and guidance.
Since then, the stock has started to retreat. However, perhaps the dust hasn't settled, and this could instead be the calm before the storm.
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Three issues persist, all of which could continue to impact Supermicro's growth, profitability, and the value of its shares: falling market share, squeezed margins, and the threat of losing key customers.
Why SMCI stock tanked after earnings
On both revenue and earnings, Supermicro's Q4 FY2025 results fell short of analysts' expectations:
Metric
Analyst Forecast (Q4 2025)
Actual Results (Q4 2025)
Revenue
$6 billion
$5.8 billion
Adjusted earnings per share (EPS)
$0.45
$0.41
On a year-over-year basis, Supermicro's Q4 revenue increased by only 7.5%, a far slower pace than in prior quarters. Even worse, the company's adjusted EPS fell by 24% year over year, a wider-than-expected decline.
CEO Charles Liang may have blamed the revenue miss on delayed revenue recognition and the earnings miss on recent tariff hikes. Still, I believe the market took these disappointing results as a sign that the competition continues to get the better of Supermicro.
Alongside disappointing quarterly results, the company also released disappointing updates to guidance. Full-year revenue guidance of $33 billion, or 50% above reported FY2025 revenue, may sound impressive, but previously, the company was guiding for $40 billion in revenue for the fiscal year ending June 30, 2026.
Furthermore, with Q1 FY2026 guidance calling for between $6 billion and $7 billion in revenue, it's questionable whether Supermicro can even hit its walked-back revenue target for the full year.
While the company's quarterly results fell short, its annual revenue came in ahead of expectations, growing by 47% over the prior fiscal year. Still, given the latest slowdown and decline in revenue and profitability, I'm skeptical that a rebound is just a few quarters away.
Supermicro's growth, profitability, and stock price remain under threat
Trading for around 25 times annual earnings, Supermicro trades at a premium to direct competitors like Dell Technologies (NYSE: DELL) and Hewlett Packard Enterprise (NYSE: HPE). Dell and HPE both currently trade for 20 times earnings.
In the past, Supermicro's valuation premium made sense. After all, this company was an early mover, capitalizing on its strong ties with Nvidia (NASDAQ: NVDA) to quickly bring out cutting-edge AI server products. However, since then, competitors have gained a greater edge.
In turn, this has led to a sharp decline in market share, a trend that is one of three reasons why I'm cautious about Supermicro stock right now. Between 2022 and 2024, the company's share of the AI server market fell from at least 80% to between 40% and 50%.
Further declines may lie ahead. Last month, analysts at Bank of America (BofA) argued that rivals Dell and HPE are better positioned to win new business from enterprise clients. This makes sense, given their existing relationships with such clients.
Additional market share losses could result in a further slowdown in sales growth, but that's not all. High competition could also place further pressure on margins, the second reason I'm concerned about this stock. In recent years, Supermicro's gross margins have shrunk from 18% to 9.5%.
An additional squeeze is possible. Back in June, analysts at KeyBanc argued that a lack of product differentiation points to Supermicro having to compete on price to sustain higher growth. The impact of this on margins could counter the positive impact of a sales resurgence.
To top it all off, there's another long-standing risk with Supermicro that also makes me concerned about future performance: the risk of losing major customers. Reportedly, key customers like CoreWeave and X.ai have started placing AI server orders with Dell. If these customers fully switch over to a competitor for their AI server needs, this could materially affect Supermicro's future revenue and earnings.
Bottom line: I'm sticking to the sidelines
If the aforementioned issues lead to an additional growth slowdown and/or drop in profitability, the impact on the price of Supermicro shares could be significant.
Over the past 12 months, this stock has traded for as low as $17.25 per share. Supermicro could retrace this past low if quarterly results continue to disappoint, management keeps walking back expectations, and SMCI's valuation premium to Dell and HPE continues to erode.
Given these risks, I'm waiting things out -- at least until subsequent developments emerge that help to assuage my concerns.
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Bank of America is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Thomas Niel has no positions in any of the stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 Reasons Why I Wouldn't Buy the Dip on Super Micro Computer Stock Yet

Investors in KeyCorp (Symbol: KEY) saw new options begin trading today, for the October 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the KEY options chain for the new October 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $15.00 strike price has a current bid of 10 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.00, but will also collect the premium, putting the cost basis of the shares at $14.90 (before broker commissions). To an investor already interested in purchasing shares of KEY, that could represent an attractive alternative to paying $18.03/share today.
Because the $15.00 strike represents an approximate 17% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 90%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.67% return on the cash commitment, or 3.80% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for KeyCorp, and highlighting in green where the $15.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $19.00 strike price has a current bid of 32 cents. If an investor was to purchase shares of KEY stock at the current price level of $18.03/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $19.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.15% if the stock gets called away at the October 17th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if KEY shares really soar, which is why looking at the trailing twelve month trading history for KeyCorp, as well as studying the business fundamentals becomes important. Below is a chart showing KEY's trailing twelve month trading history, with the $19.00 strike highlighted in red:
Considering the fact that the $19.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.77% boost of extra return to the investor, or 10.12% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 36%, while the implied volatility in the call contract example is 43%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $18.03) to be 35%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Also see:
Funds Holding AVTX
EQT Historical Stock Prices
Top Ten Hedge Funds Holding UGLD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Interesting KEY Put And Call Options For October 17th

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The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Integer (ITGR)
Plano, TX-based Integer Holdings Corporation manufactures and develops medical devices and components primarily for original equipment manufacturers (OEMs).
ITGR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 22.16; value investors should take notice.
For fiscal 2024, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $5.31 per share. ITGR boasts an average earnings surprise of 7.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ITGR should be on investors' short list.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Are You a Value Investor? This 1 Stock Could Be the Perfect Pick

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.75% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: KeyCorp (KEY)
Cleveland, OH-based KeyCorp provides a wide range of products and services, such as commercial and retail banking, commercial leasing, investment management, consumer finance as well as investment banking products in 15 states through a network of approximately 1,000 branches and roughly 1,200 automated teller machines (ATMs).
KEY is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. KEY has a Momentum Style Score of A, and shares are up 0.1% over the past four weeks.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.01 to $1.43 per share. KEY also boasts an average earnings surprise of +8.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, KEY should be on investors' short list.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why KeyCorp (KEY) is a Top Momentum Stock for the Long-Term

Key Points
Stablecoins are a new form of financial instrument.
Banks are the backbone of the old financial system.
These three banks have proved they know how to survive in a changing world.
Stablecoins are hot on Wall Street. From a big-picture perspective, they represent a mixture of technology and finance. But the newness of stablecoins means they aren't tested to the same degree as the old financial system has been.
If you prefer to own something a bit more staid, take a look at Commerce Bancshares (NASDAQ: CBSH), Toronto-Dominion Bank (NYSE: TD), and Bank of Nova Scotia (NYSE: BNS). They have all proved they know how to change along with a changing world.
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1. Commerce Bancshares is a finance king
Commerce Bancshares' claim to fame is summed up in one number: 57. That's how many consecutive years its dividend has been increased, making it a Dividend King. It has the longest streak among U.S. banks.
After that fact, there's really nothing exciting about Commerce Bancshares. It's a regional bank operating around 300 branch and ATM locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado.
In other words, it's a pretty small bank. But given its small size, that also means it has plenty of room to keep expanding. Don't expect that to happen quickly; that's not the company's style.
On that front, however, management is setting the stage for expansion. It recently agreed to buy FineMark Holdings, a bank with 13 branches in Florida, Arizona, and South Carolina. But the key takeaway here is that Commerce Bancshares clearly knows how to survive hard times and grow steadily over the long term. Exciting? No. Reliable? Yes! The dividend yield is around 1.8%.
2. Toronto-Dominion Bank is getting back on track
If a boring bank like Commerce Bancshares isn't your speed, then how about one that just got in trouble with U.S. regulators? Toronto-Dominion Bank's U.S. operation was used to launder money for criminals. That led to a big fine, the need to revamp internal controls, and an asset cap in the U.S. market.
The asset cap effectively means that TD Bank, as it is more commonly known, won't be able to grow in the United States until regulators are happy with its internal controls. The dividend yield is 4.1%, compared to a bank sector average of 2.5%, which might make it more appealing to income seekers.
That said, TD Bank is a giant in Canada and has a long and proven track record of being run in a conservative fashion. But, at the same time, it has also proved adept at changing with the world around it.
Notably, it has paid a dividend since 1857. Raising its payout despite the U.S. issues was the most recent example of this, but the fact that it didn't cut its dividend during the Great Recession, when many of the largest U.S. banks did, is a bigger example. If stablecoins change the world, TD Bank is likely to find a way to adapt and even play in the space itself in some way.
3. Bank of Nova Scotia is changing its business model
Bank of Nova Scotia, normally shortened to Scotiabank, is the last bank up, and it offers the highest yield at 5.7%. Like TD Bank, Scotiabank hails from Canada, but its reach spans from its home country all the way down into Central and South America.
It had historically largely skipped over the U.S. market but has recently begun to change its model. The goal is to provide contiguous banking services from Mexico to Canada, which means Scotiabank needs to materially increase its scale in the U.S. market. To jump-start that effort, it recently bought a roughly 15% stake in KeyCorp.
The "key" to understanding the importance of this move is that it shows Scotiabank's ability to change, quickly, with the times. That will be an important skill if the world embraces stablecoins.
That said, Scotiabank has paid a dividend since 1833 -- even longer than TD Bank! And like TD Bank, Scotiabank didn't resort to a dividend cut during the deep 2007 to 2009 financial crisis and recession. If you buy it now, you can collect a huge yield from a bank that clearly knows how to survive and is willing to adjust its business when change is needed.
Stablecoins could be great, or maybe not
Some investors thrive buying the newest and most exciting things on Wall Street. Stablecoins would still fall into the category for most investors.
If you just can't get yourself to jump on the stablecoin bandwagon, you might be better off with a boring old bank like Dividend King Commerce Bancshares. If you prefer something a bit more exciting, you could step into high-yield TD Bank or Scotiabank. Both are proven survivors and offer attractive dividend yields today.
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Reuben Gregg Brewer has positions in Bank Of Nova Scotia and Toronto-Dominion Bank. The Motley Fool recommends Bank Of Nova Scotia. The Motley Fool has a disclosure policy.
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Stablecoins Are a Hot Topic, but These 3 Traditional Banking Stocks Have Real Staying Power

Investors in KeyCorp (Symbol: KEY) saw new options begin trading today, for the September 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the KEY options chain for the new September 5th contracts and identified the following put contract of particular interest.
The put contract at the $18.50 strike price has a current bid of 53 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $18.50, but will also collect the premium, putting the cost basis of the shares at $17.97 (before broker commissions). To an investor already interested in purchasing shares of KEY, that could represent an attractive alternative to paying $18.66/share today.
Because the $18.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.86% return on the cash commitment, or 24.32% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for KeyCorp, and highlighting in green where the $18.50 strike is located relative to that history:
The implied volatility in the put contract example above is 48%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $18.66) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
NWFL Average Annual Return
MYRG Options Chain
XLG Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

KEY September 5th Options Begin Trading

Key Points
GAAP earnings per share were $0.35 for Q2 2025, matching the consensus estimate.
GAAP revenue reached $1.84 billion in Q2 2025, a 20.6% increase from the prior year.
Credit losses and expenses increased, but capital levels remained robust.
KeyCorp (NYSE:KEY), a regional bank offering a broad array of consumer and commercial financial services, released its earnings for the second quarter of fiscal 2025 on July 22, 2025. GAAP earnings per share were $0.35 for Q2 2025, precisely matching analyst forecasts. GAAP revenue for Q2 2025 was $1.80 billion, slightly below consensus expectations. Year-over-year profit and revenue growth were strong, highlighted by improved net interest income and solid fee-based results. However, the bank saw higher credit loss provisions and continued cost growth. On balance, the quarter reflected steady performance and resilience, though signs of rising risk and macroeconomic caution remain.
Metric
Q2 2025
Q2 2025 Estimate
Q2 2024
Y/Y Change
EPS (Non-GAAP)
$0.35 (GAAP)
$0.35 (GAAP) for Q2 2025
$0.25 per diluted common share (GAAP)
Revenue (Non-GAAP)
$1.84 billion (GAAP) revenue
$1.80 billion (GAAP) revenue
$1.80 billion (GAAP)
Net Interest Income (Non-GAAP)
$1.15 billion (taxable-equivalent net interest income)
n/a
$899 million
Net Loan Charge-Offs
$102 million
n/a
$91 million
Total Noninterest Expense
$1.15 billion (taxable-equivalent net interest income, Q2 2025)
n/a
7.0% increase in noninterest expense (Q2 2025 vs. Q2 2024)
Understanding KeyCorp's Business and Recent Priorities
KeyCorp operates as a regional bank, serving retail, small business, and commercial clients across the United States. Its business splits into two main parts: Consumer Bank, which delivers everyday banking, loans, and wealth management for individuals, and Commercial Bank, targeting businesses with lending, payments, treasury, and advisory services.
Recently, its major focus areas have included managing regulatory responsibilities, strengthening its competitive edge, investing in digital banking, and attracting top staff. It aims to grow by improving technology offerings, keeping a tight grip on its risk profile, and building stronger ties with both consumer and business clients. Success hinges on staying compliant, vigilant risk controls, and offering innovative products that resonate with changing customer preferences.
Quarter Highlights: Financial and Operating Performance
In the period, KeyCorp posted meaningful improvements across several key measures. Net income attributable to shareholders rose 63% year-over-year in Q2 2025. Return on average tangible common equity from continuing operations (non-GAAP) -- a measure of profitability relative to shareholder capital -- was 11.09% for Q2 2025, up from 10.39% in Q2 2024. Net interest income, which reflects the difference between what the bank earns on loans and what it pays on deposits and borrowings, climbed 27.9% in Q2 2025.
This performance came despite only modest growth in average loans, which totaled $105.7 billion for Q2 2025, a decline of 3.0% from the prior year. Commercial and industrial loans increased 5.5% year-over-year, while consumer loans decreased 7.1%. The bank intentionally reduced low-yielding consumer loans and focused more on higher-yielding business lending.
Noninterest income -- such as fees from investment banking, commercial mortgage servicing, and deposit account service charges -- increased 10.0% for Q2 2025. In particular, investment banking and debt placement fees grew by 41.3%, while commercial mortgage servicing fees increased 14.8% in Q2 2025 compared to Q2 2024. This fee growth was driven by higher investment banking and debt placement fees, as well as increased commercial mortgage servicing fees.
On the cost side, total noninterest expense (GAAP) increased 7.0% year-over-year in Q2 2025 to $1.15 billion, mainly due to higher personnel and technology investments. Notably, personnel expense rose 10.8% in Q2 2025, reflecting additional staff to support growth in fee-based business lines and higher incentive compensation for improved results. The bank also increased spending on computer processing and professional fees, primarily for technology-related investments.
Credit quality remains in focus. Net loan charge-offs -- a measure of loans unlikely to be collected -- rose to $102 million in Q2 2025, up 12.1% year-over-year, yet improved from the prior quarter. The provision for credit losses increased in Q2 2025 to cover loan growth, changes in loan types, and early signs of a softer economic outlook. Management noted it added $36 million to reserves in Q2 2025 as a prudent step. Nonperforming loans, which are past due or in default, stood at $696 million, slightly lower than the year before and representing 0.65% of total loans for Q2 2025.
Within its Consumer Bank segment, revenue increased 20.3% from the prior year in Q2 2025, while net income more than doubled over the same period. Loan volumes declined, assets under management reached a record, and money market deposits increased. The Commercial Bank segment saw a 26.8% increase in revenue and a 69.4% rise in net income for Q2 2025, driven by strong fee income, especially from investment banking and payments products.
On the balance sheet, KeyCorp ended Q2 2025 with $146.9 billion in deposits -- up less than 1% from Q2 2024 -- and a total deposit cost that fell to 1.99%. Assets under management reached a record $64 billion as of Q2 2025, an 11.5% increase from last year. Both commercial and consumer businesses contributed, and the company gained more relationship households.
From a regulatory standpoint, capital ratios remained solid. The Common Equity Tier 1 ratio was 11.7% as of Q2 2025, well above required minimums. Tangible common equity as a share of total assets was 7.8% (non-GAAP) for Q2 2025, up from 5.2% in Q2 2024, giving the bank flexibility to pursue further investment or share buybacks. Book value per share rose 17.0% year-over-year for Q2 2025. Management highlighted ongoing investments in technology and personnel for growth and compliance.
Personnel investment was a central theme, with average full-time employees increasing by nearly 3% year-over-year for Q2 2025. The bank reiterated its goal to increase front-line bankers by 10% in 2025 to deepen client relationships and drive business growth. "We continue to make investments in people and technology that will drive future growth for our company. We remain on target to increase our front line bankers," the CEO stated.
Outlook: Guidance and What to Watch Next
Net interest income is expected to increase by around 20% for 2025, supported by balance sheet changes and continued improvement in loan and deposit mix. Management expects adjusted fee income to grow 5% or more in 2025, assuming no substantial decline in economic conditions. No formal quarterly outlook was issued beyond the ongoing year.
Looking ahead, investors should keep an eye on credit costs, deposit growth, and expense trends. Management signaled readiness to adapt cost controls and capital spending if conditions change. Share repurchases totaling up to $1 billion are authorized and expected to begin in the second half of 2025, depending on economic growth and evolving capital rules. The board declared a dividend of $0.205 per share for the quarter.
Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.
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KeyCorp Matches EPS Expectations in Q2

KeyCorp’s KEY second-quarter 2025 earnings per share from continuing operations of 35 cents surpassed the Zacks Consensus Estimate by a penny. The bottom line reflected a 40% jump from the prior-year quarter’s actual.
Results benefited from a rise in net interest income (NII) and non-interest income. The average loan balance increased sequentially, which was another positive. However, higher expenses and a rise in provisions were undermining factors.
Net income from continuing operations attributable to common shareholders was $387 million, up 63.3% year over year.
KEY’s Revenues Improve, Expenses Rise
Total revenues increased 20.9% year over year to $1.83 billion. Moreover, the top line beat the Zacks Consensus Estimate of $1.80 billion.
NII (on a tax-equivalent or TE basis) increased 27.9% on a year-over-year basis to $1.15 billion. The net interest margin (NIM) (TE basis) from continuing operations expanded 62 basis points (bps) to 2.66%. Both metrics benefited from the lower deposit costs, reinvestment of proceeds from maturing low-yielding investment securities, fixed-rate loans and swaps repricing into higher-yielding investments, the repositioning of the available-for-sale portfolio in the third and fourth quarters of 2024, and an improved funding mix.
These benefits were partially offset by the impact of lower interest rates on variable-rate earning assets, and lower loan balances. Our estimate for NII (TE) and NIM was $1.14 billion and 2.62%, respectively.
Non-interest income was $690 million, up 10% year over year. The rise was driven by an increase in almost all the components of fee income, except for corporate-owned life insurance income, consumer mortgage income, operating lease income and other leasing gains, and other income. Our estimate for the metric was $673.3 million.
Non-interest expenses increased 7% year over year to $1.15 billion. The rise was due to an increase in almost all cost components, except for operating lease expenses and other expenses. We projected the metric to be $1.16 billion.
KeyCorp’s Loans Rise & Deposits Slip
At the end of the second quarter, average total loans were $105.72 billion, up 1.3% from the previous quarter. We had anticipated average total loans of $105.52 billion.
Average total deposits were $147.45 billion, down marginally from the prior-quarter end. The fall was due to a reduction in higher-cost commercial client balances and retail CDs. Our estimate for the metric was $150.58 billion.
KEY’s Credit Quality: A Mixed Bag
The provision for credit losses was $138 million, up 38% year over year. Our estimate for provision for credit losses was $120.2 million.
Net loan charge-offs, as a percentage of average total loans, rose 5 bps year over year to 0.39%.
However, the allowance for loan and lease losses was $1.45 billion, down 6.5% from the prior-year quarter. Non-performing assets, as a percentage of period-end portfolio loans, other real estate-owned property assets, and other non-performing assets, were 0.66%, down 2 bps year over year.
KeyCorp’s Capital Ratios Improve
KEY's tangible common equity to tangible assets ratio was 7.8% as of June 30, 2025, up from 5.2% in the corresponding period of 2024. The Tier 1 risk-based capital ratio was 13.4%, up from 12.2%. The Common Equity Tier 1 ratio was 11.7%, up from 10.5% as of June 30, 2024.
Our Take on KEY
Decent loan balances, balance sheet repositioning efforts, strategic buyouts and relatively higher interest rates will likely support KeyCorp’s revenues in the near term. Weakening asset quality amid a tough macroeconomic backdrop is concerning.
KeyCorp Price, Consensus and EPS Surprise
KeyCorp currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Major Banks
The Bank of New York Mellon Corporation’s BK second-quarter 2025 adjusted earnings of $1.94 per share surpassed the Zacks Consensus Estimate of $1.74. Also, the bottom line reflected a jump of 28.5% from the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
BNY Mellon’s results were primarily aided by increased fee revenues and NII. Growth in the assets under custody and/or administration and assets under management balances supported the results. Also, the company recorded a provision benefit in the quarter, which was a tailwind.
Wells Fargo & Company’s WFC second-quarter 2025 adjusted earnings per share of $1.54 surpassed the Zacks Consensus Estimate of $1.41. In the prior-year quarter, the company reported earnings per share of $1.33.
Wells Fargo’s results benefited from an improvement in non-interest income and lower provisions. However, a decline in NII and higher expenses were the undermining factors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

KeyCorp

Price history and volume

Shares 360

Investment risk — medium

Investment potential — medium

AI Factors

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Possible US government shutdown

Inflation

Recession Risk

stagflation

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