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With a market cap of around $17 billion, KeyCorp (KEY) is a diversified financial services company operating through its principal subsidiary, KeyBank National Association. It offers a broad range of retail and commercial banking products and services across the U.S., serving consumers, businesses, and institutions through its Consumer Bank and Commercial Bank segments.
The Cleveland, Ohio-based company's shares have underperformed the broader market over the past 52 weeks. KEY has increased 2.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.3%. Moreover, shares of KeyCorp are down 10.9% on a YTD basis, compared to SPX’s 3.3% decline.