KeyCorp (KEY) vs M&T Bank (MTB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
M&T Bank (MTB) has outperformed KeyCorp (KEY) over the past year, gaining 14.3% versus a gain of 7.7%. Over five years, MTB leads with a +43.3% price change compared with -13.9% for KEY. M&T Bank is the larger company by market cap ($31.28 billion vs $21.16 billion), about 1.5 times the size, while KeyCorp is growing revenue faster (+62.7% vs +7.5%).
On valuation, KeyCorp trades at a lower forward P/E (9.2x vs 10.3x for M&T Bank). KeyCorp offers the higher dividend yield (4.14% vs 2.77%). M&T Bank converts more of its revenue into profit, with a net margin of 172.1% 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 | KEY | MTB |
|---|---|---|
| Share price | $19.83 | $216.63 |
| Market cap | $21.16B | $31.28B |
| 1-day change | -1.54% | -0.96% |
| YTD return | -3.92% | +7.52% |
| 1-year return | +7.71% | +14.27% |
| 5-year return | -13.86% | +43.34% |
| P/E ratio (TTM) | 11.53 | 11.56 |
| Forward P/E | 9.25 | 10.30 |
| EPS (TTM) | $1.72 | $18.74 |
| Dividend yield | 4.14% | 2.77% |
| Annual dividend | $0.82 | $6.00 |
| Revenue (latest FY) | $7.51B | $1.66B |
| Revenue growth (YoY) | +62.65% | +7.53% |
| Net income (latest FY) | $1.83B | $2.85B |
| Net margin | 24.34% | 172.06% |
| 52-week high | $24.07 | $255.95 |
| 52-week low | $16.47 | $174.76 |
| Distance from 52-week high | -17.62% | -15.36% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +27.94% | +16.75% |
| Average volume | 11.86M | 1.06M |
| Shares outstanding | 1.07B | 144.42M |
| Employees | 17,493 | 21,662 |
| 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 (4.14% vs 2.77%).
- M&T Bank is more profitable, keeping 172.1 cents of every revenue dollar as net income versus 24.3 cents for KeyCorp.
- KeyCorp grew revenue faster in its latest fiscal year (+62.65% vs +7.53%).
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
About M&T Bank
MTB stock →M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Finance · Major Banks · 21,662 employees
KEY vs MTB FAQ
Which is bigger, KeyCorp or M&T Bank?
M&T Bank (MTB) is larger, with a market capitalization of $31.28B compared with $21.16B for KeyCorp (KEY).
Which stock has performed better over the past year, KEY or MTB?
MTB returned +14.27% over the past 12 months, compared with +7.71% for KEY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KEY or MTB?
KEY has the lower trailing P/E at 11.5, versus 11.6 for MTB. 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, KeyCorp or M&T Bank?
KeyCorp has the higher yield at 4.14%, compared with 2.77% for M&T Bank.
Are KeyCorp and M&T Bank in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.