First Horizon (FHN) vs KeyCorp (KEY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
KeyCorp (KEY) has outperformed First Horizon (FHN) over the past year, gaining 7.7% versus a gain of 0.0%. Over five years, FHN leads with a +36.8% price change compared with -13.9% for KEY. KeyCorp is the larger company by market cap ($21.39 billion vs $11.02 billion), about 1.9 times the size.
On valuation, KeyCorp trades at a lower forward P/E (9.3x vs 10.0x for First Horizon). KeyCorp offers the higher dividend yield (4.09% vs 2.75%). First Horizon converts more of its revenue into profit, with a net margin of 28.7% versus 24.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FHN | KEY |
|---|---|---|
| Share price | $23.26 | $20.05 |
| Market cap | $11.02B | $21.39B |
| 1-day change | +1.17% | +1.08% |
| YTD return | -3.81% | -3.92% |
| 1-year return | +0.04% | +7.71% |
| 5-year return | +36.85% | -13.86% |
| P/E ratio (TTM) | 11.18 | 11.65 |
| Forward P/E | 10.03 | 9.32 |
| EPS (TTM) | $2.08 | $1.72 |
| Dividend yield | 2.75% | 4.09% |
| Annual dividend | $0.64 | $0.82 |
| Revenue (latest FY) | $3.42B | $7.51B |
| Revenue growth (YoY) | +7.18% | +62.65% |
| Net income (latest FY) | $982.00M | $1.83B |
| Net margin | 28.72% | 24.34% |
| 52-week high | $26.56 | $24.07 |
| 52-week low | $19.80 | $16.47 |
| Distance from 52-week high | -12.42% | -16.72% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.01% | +26.57% |
| Average volume | 5.33M | 11.93M |
| Shares outstanding | 473.78M | 1.07B |
| Employees | 7,400 | 17,493 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- KeyCorp offers a meaningfully higher dividend yield (4.09% vs 2.75%).
- KeyCorp grew revenue faster in its latest fiscal year (+62.65% vs +7.18%).
About First Horizon
FHN stock →First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments.
Finance · Major Banks · 7,400 employees
About KeyCorp
KEY stock →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.
Finance · Major Banks · 17,493 employees
FHN vs KEY FAQ
Which is bigger, First Horizon or KeyCorp?
KeyCorp (KEY) is larger, with a market capitalization of $21.39B compared with $11.02B for First Horizon (FHN).
Which stock has performed better over the past year, FHN or KEY?
KEY returned +7.71% over the past 12 months, compared with +0.04% for FHN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FHN or KEY?
FHN has the lower trailing P/E at 11.2, versus 11.7 for KEY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Horizon or KeyCorp?
KeyCorp has the higher yield at 4.09%, compared with 2.75% for First Horizon.
Are First Horizon and KeyCorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.