EWBC vs MTB vs KEY Stock Comparison

East West Bancorp, M&T Bank and Keycorp Prices as of Oct 26, 2026 Peers: Industry group
EWBC East West Bancorp Inc
$131.77 +3.6% 1M +28.5% 1Y
Market cap
$18.07B
P/E
11.9x
Revenue (TTM)
—
Div. yield
–
Regional Banks Financial Services
2 wins
MTB M&T Bank Corp
$221.90 +0.3% 1M +19.8% 1Y
Market cap
$32.05B
P/E
11.1x
Revenue (TTM)
—
Div. yield
–
Regional Banks Financial Services
3 wins
KEY Keycorp /New/
$21.21 +3.0% 1M +19.0% 1Y
Market cap
$22.61B
P/E
11.5x
Revenue (TTM)
—
Div. yield
–
Regional Banks Financial Services
1 win

Head to Head

6 decided of 12

M&T Bank leads on 3 of the 12 questions below (M&T Bank 3, East West Bancorp 2, Keycorp 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEWBCMTBKEYLeader
Larger companyMarket capitalisation $18.07B $32.05B $22.61B MTB
Cheaper on earningsLower P/E, profitable companies only 11.9x 11.1x 11.5x MTB
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.5x 10.9x 10.8x KEY
Faster revenue growthRevenue growth, trailing twelve months — — — –
More profitableNet margin, trailing twelve months — — — –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +28.5% +19.8% +19.0% EWBC
Better 5-year returnAnnualised price return, 5 years +10.7%/yr +8.3%/yr -1.9%/yr EWBC
Less volatileAnnualised volatility, 1 year 22.8% 21.3% 22.9% MTB
Higher overall scoreMean of the five percentile scores vs peers — — — –

Percentile Scorecard

EWBCMTBKEY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEWBCMTBKEY
Valuation 43 #206 of 362 66 #123 of 362 56 #160 of 362
Growth – – –
Profitability – – –
Financial Health – – –
Shareholder Returns 35 #224 of 342 55 #155 of 342 86 #49 of 342
Overall – – –
  • EWBC ranked among 370 companies in Banking
  • MTB ranked among 370 companies in Banking
  • KEY ranked among 370 companies in Banking

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEWBCMTBKEYSPY
1 month +3.6%+0.3%+3.0% -0.8%
3 months +1.4%-10.7%-5.7% +3.5%
6 months +5.4%+1.8%-3.2% +7.0%
Year to date +17.2%+10.1%+2.8% +12.2%
1 year +28.5%+19.8%+19.0% +13.0%
3 years +150.3%+103.7%+113.8% +86.3%
3 years, per year +35.8%+26.8%+28.9% +23.1%
5 years +66.4%+48.8%-8.9% +68.6%
5 years, per year +10.7%+8.3%-1.9% +11.0%
10 years +232.8%+84.6%+49.6% +258.0%
10 years, per year +12.8%+6.3%+4.1% +13.6%

Risk

MeasureEWBCMTBKEYSPY
Volatility, 1Y 22.8%21.3%22.9% 12.7%
Downside volatility, 1Y 23.0%21.6%23.5% 12.7%
Beta vs S&P 500, 1Y 0.730.560.72 1.00
Return / volatility, 1Y 1.250.930.83 1.02
Max drawdown, 5Y -55.5%-43.1%-66.9% -25.4%
From 52-week high -3.5%-12.7%-11.6% -1.8%
52-week high $136.60$254.11$23.98 $779.14
52-week low $99.52$180.90$17.12 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEWBCMTBKEY
P/E now vs peer median 11.9xmedian 12.1x 11.2xmedian 12.1x 11.5xmedian 12.1x
P/S now vs peer median 5.5xmedian 3.4x 3.2xmedian 3.4x 2.8xmedian 3.4x
EV/EBITDA now vs peer median —median 5.0x —median 5.0x —median 5.0x
P/FCF now vs peer median 9.2xmedian 11.0x 8.7xmedian 11.0x 17.9xmedian 11.0x
P/B now vs peer median —median 1.2x 1.1xmedian 1.2x 1.3xmedian 1.2x
PEG now vs peer median —median 1.36 3.31median 1.36 0.83median 1.36

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEWBCMTBKEY
EPS (diluted) – $19.72 $1.82
Shares (diluted) 138.30M 146.76M 1.08B
Enterprise value $18.07B $32.05B $22.61B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEWBCMTBKEY
P/E 11.9x 11.2x 11.5x
P/FCF 9.2x 8.7x 17.9x
P/Operating cash flow – – –
P/S 5.5x 3.2x 2.8x
P/B – 1.1x 1.3x
P/Tangible book – 1.1x 1.3x
EV/EBITDA – – –
EV/EBIT – – –
EV/Revenue – – –
EV/FCF – – –
EV/Operating cash flow – – –
PEG (3Y EPS CAGR) – 3.31 0.83

Growth

14 metrics
MetricEWBCMTBKEY
Revenue growth (1Y) – – –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) – – –
Net income CAGR (3Y) – – –
EPS growth (1Y) – 17.7% 117.5%
EPS CAGR (3Y) – 3.4% 13.9%
Operating cash flow growth (1Y) – – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricEWBCMTBKEY
Gross margin – – –
EBITDA margin – – –
Operating margin – – –
Pretax margin – – –
Net margin – – –
FCF margin – – –
Operating cash flow margin – – –
Return on equity – – 11.3%
Return on assets – – 1.1%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover – – –
Cash conversion (OCF / net income) – – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricEWBCMTBKEY
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 89.5% 87.2% 90.8%
Equity / assets – 12.8% 9.2%
Interest coverage – – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricEWBCMTBKEY
Dividend yield 2.3% 2.7% 3.8%
Net buyback yield – – –
Shareholder yield 2.3% 2.7% 3.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEWBCMTBKEY
Forward P/E 11.5xFY2026 10.9xFY2026 10.8xFY2026
EPS, next fiscal year $11.41FY2026 $20.45FY2026 $1.97FY2026
EPS growth, next FY +19.9%FY2026 +20.3%FY2026 +29.6%FY2026
EPS growth, the year after -2.9% -0.3% +15.2%
Revenue, next fiscal year $3.02BFY2026 $10.60BFY2026 $7.56BFY2026
Revenue growth, next FY +2.8%FY2026 +9.4%FY2026 +0.6%FY2026
Revenue growth, the year after +22.5% -4.7% +11.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEWBCMTBKEY
Held by institutions 92.0% 90.2% 88.1%
Institutions holding 648 1,148 943
Change in shares held, QoQ +1.4% -0.4% +1.1%
Institutions buying 352 524 468
Institutions selling 199 392 301
Buyers to sellers 1.77 1.34 1.55

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EWBCMTBKEY
EWBC 1.00 0.76 0.80
MTB 0.76 1.00 0.84
KEY 0.80 0.84 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EWBC, MTB and KEY?

M&T Bank (MTB) is the largest by market capitalisation: East West Bancorp (EWBC) $18.07B, M&T Bank (MTB) $32.05B, Keycorp (KEY) $22.61B.

Which stock is cheaper, EWBC, MTB and KEY?

M&T Bank (MTB) trades on the lowest price-to-earnings ratio (East West Bancorp (EWBC) 11.9x, M&T Bank (MTB) 11.1x, Keycorp (KEY) 11.5x). On next year's consensus earnings, Keycorp (KEY) is cheapest (East West Bancorp (EWBC) 11.5x, M&T Bank (MTB) 10.9x, Keycorp (KEY) 10.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which stock has performed better?

Over the past year East West Bancorp (EWBC) returned the most: East West Bancorp (EWBC) +28.5%, M&T Bank (MTB) +19.8%, Keycorp (KEY) +19.0%. Over five years, East West Bancorp (EWBC) compounded fastest (East West Bancorp (EWBC) +10.7%/yr, M&T Bank (MTB) +8.3%/yr, Keycorp (KEY) -1.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, M&T Bank (MTB) has been the steadiest (East West Bancorp (EWBC) 22.8%, M&T Bank (MTB) 21.3%, Keycorp (KEY) 22.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EWBC, MTB and KEY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, M&T Bank (MTB) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.