KeyCorp (KEY) Could Be 20% Undervalued Following Its Prime Rate Increase

KeyCorp (KEY) has raised its prime lending rate to 7.00% from 6.75%, effective September 17, 2026. The adjustment changes pricing for many floating rate loans and credit products across the bank. KeyCorp’s pricing move comes after a choppy stretch for the ticker, with the 30 day share price return down 8.07% and the 90 day share price return down 7.26%. At the same time, the 1 year total shareholder return of 14.02% and the very strong 3 year total shareholder return of 125.96% point to...