KEY vs. TD: KeyCorp vs. Toronto-Dominion Bank Stock Comparison

November 11, 2026

How do KeyCorp (KEY) and Toronto-Dominion Bank (TD) 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 Toronto-Dominion Bank (TD) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Company profile comparison for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Profile Item	KEY	TD
Name	KeyCorp	Toronto-Dominion Bank
Country/Region	United States	Canada
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	199.88 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 5, 1987	August 30, 1996
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

KEY

GSPC

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for KeyCorp (KEY) and Toronto-Dominion Bank (TD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for KeyCorp (KEY) and Toronto-Dominion Bank (TD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
Total Return (1Y)	24.10%	57.20%
Total Return (3Y, Annualized)	31.53%	32.99%
Total Return (5Y, Annualized)	3.00%	15.46%

Risk Profile

Drawdown History

KEY

GSPC

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for KeyCorp (KEY) and Toronto-Dominion Bank (TD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
Volatility (1Y, Annualized)	23.07%	19.05%
Beta (5Y)	1.06	0.72
Max Drawdown (5Y)	-65.23%	-31.16%
Avg. Volume (3M)	14.36M	1.81M

Risk-Adjusted Performance

Risk-Return Positioning

KEY and TD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
Sharpe Ratio (1Y)	0.86	2.78
Sortino Ratio (1Y)	1.25	4.15

Profitability

ROE (TTM)

Both KeyCorp (KEY) at 11.17% and Toronto-Dominion Bank (TD) at 12.83% 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%

TD

Banks industry group

12.83%

Max: 19.84%
Q3: 13.67%
TD: 12.83%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

KeyCorp (KEY) at 27.99% keeps about the industry-typical share of revenue as profit, while Toronto-Dominion Bank (TD) at 26.62% retains only a bottom-quartile share.

KEY

Banks industry group

27.99%

Max: 47.19%
Q3: 35.25%
Median: 31.21%
KEY: 27.99%
Q1: 27.11%
Min: 14.93%

TD

Banks industry group

26.62%

Max: 47.19%
Q3: 35.25%
Median: 31.21%
Q1: 27.11%
TD: 26.62%
Min: 14.93%

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their net margin against the Banks industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for KeyCorp (KEY) in Banks and Toronto-Dominion Bank (TD) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
ROE (TTM)	11.17%	12.83%
ROA (TTM)	1.11%	0.78%
Net Margin (TTM)	27.99%	26.62%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

KeyCorp (KEY) at 65.72% clears its industry range for revenue growth, far stronger top-line momentum than Toronto-Dominion Bank (TD) at 8.93%, which is closer to a typical peer reading.

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Toronto-Dominion Bank (TD) reports EPS growth of 144.92%, ranked against its industry; KeyCorp (KEY) has no EPS growth figure this period.

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
Revenue Growth (YoY)	65.72%	8.93%
Revenue Growth (3Y CAGR)	1.21%	10.22%
EPS Growth (YoY)	--	144.92%
EPS Growth (3Y CAGR)	-7.65%	6.87%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: KeyCorp (KEY) in Banks and Toronto-Dominion Bank (TD) 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 Toronto-Dominion Bank (TD) 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

Financial strength metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both KeyCorp (KEY) at 3.91% and Toronto-Dominion Bank (TD) at 3.52% offer top-quartile dividend income relative to share price within their industries.

KEY

Banks industry group

3.91%

Max: 5.79%
KEY: 3.91%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

TD

Banks industry group

3.52%

Max: 5.79%
TD: 3.52%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

Both KeyCorp (KEY) at 45.05% and Toronto-Dominion Bank (TD) at 46.36% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

KEY

Banks industry group

45.05%

Max: 70.75%
KEY: 45.05%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

TD

Banks industry group

46.36%

Max: 70.75%
TD: 46.36%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
Dividend Yield (TTM)	3.91%	3.52%
Dividend Payout Ratio (TTM)	45.05%	46.36%

Valuation

P/E Ratio (TTM)

KeyCorp (KEY) at 11.46 is near its industry’s usual P/E ratio, while Toronto-Dominion Bank (TD) at 18.16 sits in the richer quartile — TD needs stronger growth or earnings quality to justify the premium.

KEY

Banks industry group

11.46

Max: 18.16
Q3: 13.75
Median: 11.81
KEY: 11.46
Q1: 10.64
Min: 6.49

TD

Banks industry group

18.16

TD: 18.16
Max: 18.16
Q3: 13.75
Median: 11.81
Q1: 10.64
Min: 6.49

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their P/E ratio against the Banks industry group benchmark.

P/S Ratio (TTM)

P/S ratio is set aside for both KeyCorp (KEY) in Banks and Toronto-Dominion Bank (TD) 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)

KeyCorp (KEY) at 1.39 is valued about in line with its industry on P/B ratio, while Toronto-Dominion Bank (TD) at 2.27 carries an above-peer premium to book — TD is pricier on assets.

KEY

Banks industry group

1.39

Max: 2.28
Q3: 1.58
KEY: 1.39
Median: 1.32
Q1: 1.10
Min: 0.59

TD

Banks industry group

2.27

Max: 2.28
TD: 2.27
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

KeyCorp (KEY) vs. Toronto-Dominion Bank (TD): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for KeyCorp (KEY) and Toronto-Dominion Bank (TD)
Metric	KEY	TD
P/E Ratio (TTM)	11.46	18.16
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.39	2.27
Free Cash Flow Yield (TTM)	--	--