KEY vs. SAN: KeyCorp vs. Banco Santander Stock Comparison
How do KeyCorp (KEY) and Banco Santander (SAN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
KeyCorp (KEY) and Banco Santander (SAN) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
KeyCorp (KEY) trades as ordinary local shares, while Banco Santander (SAN) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | KEY | SAN |
|---|---|---|
| Name | KeyCorp | Banco Santander, S.A. Sponsored ADR |
| Country/Region | United States | Spain |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 22.02 billion USD | 169.27 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 5, 1987 | July 30, 1987 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | KEY | SAN |
|---|---|---|
| Total Return (1Y) | 24.10% | 22.64% |
| Total Return (3Y, Annualized) | 31.53% | 52.66% |
| Total Return (5Y, Annualized) | 3.00% | 31.64% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | KEY | SAN |
|---|---|---|
| Volatility (1Y, Annualized) | 23.07% | 35.78% |
| Beta (5Y) | 1.06 | 0.71 |
| Max Drawdown (5Y) | -65.23% | -40.82% |
| Avg. Volume (3M) | 14.36M | 11.52M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | KEY | SAN |
|---|---|---|
| Sharpe Ratio (1Y) | 0.86 | 0.51 |
| Sortino Ratio (1Y) | 1.25 | 0.77 |
Profitability
ROE (TTM)
Both KeyCorp (KEY) at 11.17% and Banco Santander (SAN) at 13.06% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
KEY
Banks industry group
11.17%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- KEY
- 11.17%
- Q1
- 9.50%
- Min
- 3.64%
SAN
Banks industry group
13.06%
- Max
- 19.84%
- Q3
- 13.67%
- SAN
- 13.06%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
Both KeyCorp (KEY) at 27.99% and Banco Santander (SAN) at 32.58% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
KEY
Banks industry group
27.99%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- KEY
- 27.99%
- Q1
- 27.11%
- Min
- 14.93%
SAN
Banks industry group
32.58%
- Max
- 47.19%
- Q3
- 35.25%
- SAN
- 32.58%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for KeyCorp (KEY) in Banks and Banco Santander (SAN) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | KEY | SAN |
|---|---|---|
| ROE (TTM) | 11.17% | 13.06% |
| ROA (TTM) | 1.11% | 0.76% |
| Net Margin (TTM) | 27.99% | 32.58% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
KeyCorp (KEY) at 65.72% delivers above-range revenue growth, while Banco Santander (SAN) at -0.47% falls into the bottom quartile — a wide split in revenue momentum.
EPS Growth
Only one side can be read here: Banco Santander (SAN) reports EPS growth of 17.19%, ranked against its industry; KeyCorp (KEY) has no EPS growth figure this period.
Growth Metrics
| Metric | KEY | SAN |
|---|---|---|
| Revenue Growth (YoY) | 65.72% | -0.47% |
| Revenue Growth (3Y CAGR) | 1.21% | 3.45% |
| EPS Growth (YoY) | -- | 17.19% |
| EPS Growth (3Y CAGR) | -7.65% | 18.78% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: KeyCorp (KEY) in Banks and Banco Santander (SAN) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: KeyCorp (KEY) in Banks and Banco Santander (SAN) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | KEY | SAN |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
KeyCorp (KEY) at 3.91% delivers top-quartile income for its industry, while Banco Santander (SAN) at 2.10% pays a more typical yield — both are credible income propositions, KEY the richer one.
KEY
Banks industry group
3.91%
- Max
- 5.79%
- KEY
- 3.91%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
SAN
Banks industry group
2.10%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- SAN
- 2.10%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Banco Santander (SAN) at 25.91% pays out a band-typical share of earnings, while KeyCorp (KEY) at 45.05% distributes more than its industry norm — less retained, thinner cover.
KEY
Banks industry group
45.05%
- Max
- 70.75%
- KEY
- 45.05%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
SAN
Banks industry group
25.91%
- Max
- 70.75%
- Q3
- 41.28%
- Median
- 29.26%
- SAN
- 25.91%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | KEY | SAN |
|---|---|---|
| Dividend Yield (TTM) | 3.91% | 2.10% |
| Dividend Payout Ratio (TTM) | 45.05% | 25.91% |
Valuation
P/E Ratio (TTM)
Both KeyCorp (KEY) at 11.46 and Banco Santander (SAN) at 11.08 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
KEY
Banks industry group
11.46
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- KEY
- 11.46
- Q1
- 10.64
- Min
- 6.49
SAN
Banks industry group
11.08
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- SAN
- 11.08
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both KeyCorp (KEY) in Banks and Banco Santander (SAN) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
On P/B ratio, both KeyCorp (KEY) at 1.39 and Banco Santander (SAN) at 1.33 are valued close to their industries’ norm against book — neither stands out from peers.
KEY
Banks industry group
1.39
- Max
- 2.28
- Q3
- 1.58
- KEY
- 1.39
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
SAN
Banks industry group
1.33
- Max
- 2.28
- Q3
- 1.58
- SAN
- 1.33
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | KEY | SAN |
|---|---|---|
| P/E Ratio (TTM) | 11.46 | 11.08 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.39 | 1.33 |
| Free Cash Flow Yield (TTM) | -- | -- |