KeyCorp (NYSE:KEY) posted upbeat earnings for the second quarter on Tuesday.

The company posted adjusted EPS of 44 cents, beating market estimates of 42 cents. The company’s sales came in at $1.964 billion missing expectations of $1.972 billion.

Chairman and CEO, Chris Gorman, said, “Our second quarter results reflect the strength of our franchise, disciplined execution, and sustained momentum across our businesses. We delivered 7% revenue growth and generated approximately 130 basis points of operating leverage(b) on a year-over-year basis. We expanded net interest margin and grew net interest income both sequentially and year-over-year.”

KeyCorp shares fell 0.34% to trade at $22.86 on Wednesday.

These analysts made changes to their price targets on KeyCorp following earnings announcement.

  • Baird analyst David George maintained the stock with a Neutral and raised the price target from $22 to $23.
  • RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and raised the price target from $24 to $25.

Considering buying KEY stock? Here’s what analysts think:

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