Chairman, President & Chief Executive Officer, Keycorp
Search every verified Christopher Gorman interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Christopher Gorman, chairman and chief executive officer of KeyCorp, discussed the company’s second quarter 2026 earnings on a July 21 call. He reported earnings of 44 cents per share, a 26% year-over-year increase, with revenue up 7% and pre-provision net revenue up 9%. Gorman stated he had “even greater confidence” in KeyCorp’s ability to achieve a return on tangible common equity exceeding 15% by the end of 2027, on a path toward a 16% to 19% long-term target. He described middle market M&A activity as lagging large-cap activity, attributing this to interest rates and conditions in the private credit market, but said he was “encouraged” by what he sees. On an April 16 earnings call, Gorman said he did not think there was “a credit problem” but noted that redemptions in private credit were real and could create an opportunity for banks to “reintermediate some of those activities.” He also said there was “no question” of excess capacity in lending and that a “properly graded commercial loan can’t return its cost of capital,” adding that the industry “may” be at an inflection point on spread and structure pressure. Gorman outlined KeyCorp’s capital priorities as supporting client growth, investing in people and technology, and highlighted artificial intelligence as a “huge opportunity” for wealth platforms, saying the company would have more to say on that in the future.
“Our second quarter results reflect strong business momentum and continued progress against our strategic and financial commitments. We reported second quarter earnings of 44 cents per share, up 26% year-over-year. Revenue grew 7% year-over-year and pre-provision net revenue grew 9%.”
“Given our stronger than expected business performance, I have even greater confidence in our ability to generate a return on tangible common equity exceeding 15% by the end of 2027 on our path to achieving our 16 to 19% long-term target.”
“I personally don't think there's a credit problem, but these redemptions are real and that if you have a bunch of redemption requests, the first thing you do is stop shoveling it out the front door, which I think will give the banks in some instances an opportunity to reintermediate some of those activities.”
“There's no question there's been excess capacity for some time. And I've talked about this at length that a properly graded commercial loan can't return its cost of capital. And there's been just a constant, you know, pressure on spreads and on structure. I think we may be, and I emphasize the word may, be at an inflec...”
“Our capital priorities remain unchanged. It's first to support the growth of our clients, which we were pleased to see that we got in this last quarter. The next thing is to invest in our business. And we always talk about when we talk about investing in our business, it's really people and it's technology. And so we'l...”
“I think there's a huge opportunity to use AI. We're already investing heavily in our wealth platforms and I think as you think about serving that many customers, I think there's a huge opportunity for AI. We'll have more to say on that in the future, but that is a perfect application. Many of these customers are rather...”
“We delivered revenue which increased 16% even as we concurrently made investments in our franchise. Fee income increased by 7.5%.”
“Confident we will deliver another year of outsized revenue and earnings growth as we make progress on our path to achieving a sustainable 15% plus return on tangible common equity by 2027.”
“We believe we can achieve a return on tangible common equity of 15% or better on a run rate basis by the end of 2027. Let me outline the building blocks to achieving those returns. First of all, by improving them by another 50 basis points to 3.25% or better with half of it coming from the mechanical lift of fixed asse...”
“To this end, consistent with my comments last quarter that we would crawl, walk, run when it comes to share buybacks, we expect to be back in the open market, repurchasing approximately $100 million of common stock in the fourth quarter. To be clear, we believe the path to 15% has low execution risk as we continue to d...”
“As it pertains to the two recent bankruptcies making headlines in the auto industry, we have no direct exposure. Finally, we continue to build upon our pure leading capital ratios with reported CCT1 approaching 12% at quarter end. This excess capital provides us with both flexibility and optionality as we move forward.”
“Our real focus is this huge organic opportunity that's right in front of us that we have to execute on. That's how we can create the greatest value for our shareholders specifically as it relates to uh bank M&A. That's pretty far down the capital priorities. Now let me kind of walk everyone through what our capital pri...”
“I'm actually going to uh to DC this evening. It's a remarkable change. And so to kind of give everyone a historical perspective from the global financial crisis it became sort of a layering of regulation on regulation and a lot of focus on process a lot of focus on procedure a lot of focus on documentation and I've bee...”
“We reported first quarter earnings of 44 cents per share up 33% year-over-year. Return on tangible common equity exceeded 13% as we continue to make significant progress with respect to our goal of 15% plus return on tangible common equity by year end 2027.”
“Subject to market conditions, we expect to buy back at least $1.3 billion of our shares in 2026, up from the $1.2 billion we previously communicated.”
... conference call over to our CEO Christopher Gorman for any closing remarks well thank you Megan and thank you all for joining ...
... like to thank you for joining Keycorp's first quarter 2026 earnings conference call I am here with Chris Gorman our chairman and ...
KeyCorp AGM 2026 | Net Income Surges 33% To $486M As Shareholders Approve All Resolutions | May 14, 2026. If you find our work useful, please support us by purchasing a Super Thanks— it truly helps us a lot. #earningscall #StockMarketNews #conferenceCall Earnings Call | Earnings Conference Call | Earnings concall | concall | quarterly results | Stock News | Full Year results | Fiscal Year results | investment news | stock latest news If you want us to remove your company's earnings call or any other conference call, please reach out to [email protected].
KeyCorp CEO Chris Gorman joins 'Squawk on the Street' to discuss the company's latest earnings report, concerns in private credit, and more.
KeyCorp Q1 2026 Earnings Conference Call. If you find our work useful, please support us by purchasing a Super Thanks— it truly helps us a lot. #earningscall #StockMarketNews #conferenceCall Earnings Call | Earnings Conference Call | Earnings concall | concall | quarterly results | Stock News | Full Year results | Fiscal Year results | investment news | stock latest news If you want us to remove your company's earnings call or any other conference call, please reach out to [email protected].
At Miami University, leadership is learned through experience, relationships, and rigorous academics. Alumnus Chris Gorman ’83, CEO of KeyCorp, shares how Miami prepared him to lead with confidence, integrity, and vision. From early opportunities to present ideas to building lifelong relationships, his experience reflects how Miami makes leaders ready for complex, people-centered careers. For prospective students and families seeking a university that develops capable, values-driven leaders, Miami University offers an education that lasts well beyond graduation. See how Miami prepares leade…
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Chris Gorman, KeyCorp CEO, joins CNBC's 'Squawk on the Street' to discuss KeyCorp's operating environment, expectations for ...
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