KeyCorp reports developments across its KeyBank banking franchise, KeyBanc Capital Markets, and wealth-management operations. Company news commonly covers deposit, lending, cash management, and investment services for individuals and businesses in its multi-state banking footprint, along with commercial banking coverage for middle-market companies.
Recurring updates include quarterly earnings, net interest income, fee-based businesses such as investment banking, commercial payments, and wealth management, and regional expansion of middle-market teams. News also covers Key Private Bank, customer financial surveys, community partnerships, and capital-markets services including M&A advice, public and private debt and equity, syndications, and derivatives.
KeyCorp (NYSE: KEY) plans to host quarterly conference calls to review its financial results for all four quarters of 2028.
Calls are scheduled for April 20, July 20 and October 19, 2028, and January 18, 2029, respectively, each at 8 a.m. ET. Results are scheduled for release before the market opens on those dates. Live webcasts, presentation materials and replays will be available at www.key.com/ir.
KeyCorp (NYSE: KEY) announced that its KeyBanc Capital Markets unit signed a definitive agreement to acquire private capital advisor Atlantic-Pacific Capital. The New York-based firm provides fund placement, direct private placement and secondary advisory services across private equity, real estate, private credit and real assets.
The acquisition would bring 30+ professionals to Key, along with relationships across financial sponsors and institutional fund investors worldwide. Key expects the combination to expand its advisory and capital-raising capabilities, serving sponsors at both the fund and individual-asset level. Atlantic-Pacific's leadership said clients would retain the same team and senior-led approach with additional resources. Closing is expected in early 2027, subject to required regulatory approvals and customary closing conditions.
KeyBank (KEY) outlined reasons consumers may switch checking accounts in 2026, highlighting account fees and tools for managing pay and savings. A 2026 J.D. Power study found that about 20% of retail bank customers moved money from their primary bank in the last three months. KeyBank also described Early Pay, included automatically with eligible accounts, and EasyUp, which transfers a chosen amount from checking to savings when a debit card is used.
KeyBank (KEY) announced that more than 48,000 clients have graduated from its secured credit card program since its launch in 2019. More than 4,600 clients graduated in the first half of 2026; among those graduates, 68% completed the program within 12 months and 85% within 24 months. Of that cohort, 74% entered without a FICO credit score and 26% entered with a low score. Graduates who started with low scores improved them by an average of 86 points.
Graduation converts the secured card to an unsecured card and releases savings pledged as collateral. Since a credit-line increase enhancement began in 2024, 10,021 graduates have received increases, including 2,052 in the first half of 2026. KeyBank plans enhanced financial education workshops for 2027, including access for additional clients seeking assistance.
KeyCorp (NYSE: KEY) will present at the BancAnalysts Association of Boston Conference on November 5, 2026, at 3:40 p.m. ET.
Clark Khayat, Chief Financial Officer and Head of Technology, and Andrew Paine, Head of Institutional Banking, will present. The company plans to review its performance, strategy, and outlook. A live audio webcast and replay will be available at www.key.com/ir.
KeyCorp (KEY) reported third-quarter 2026 net income from continuing operations attributable to common shareholders of $537 million, with earnings rising year over year. Diluted earnings per share reached $0.51, versus $0.41 a year earlier and $0.44 in the second quarter. Revenue was $2.044 billion, up 8.4% year over year and 4.5% sequentially. Taxable-equivalent net interest margin reached 2.95%, up 20 basis points year over year.
Average deposits rose $3.6 billion sequentially to $151.2 billion, while average loans held for investment increased $1.5 billion to $111.6 billion. Net loan charge-offs fell to $89 million from $115 million sequentially. Key repurchased $320 million of common shares. Its estimated Common Equity Tier 1 capital ratio was 11.1%, down from 11.2% sequentially. Key maintained its aim to achieve and sustain a return on tangible common equity of 15%+ by the end of 2027.
KeyBank (NYSE: KEY) renewed its partnership with Kroenke Sports & Entertainment for three years, becoming the Colorado Avalanche’s exclusive Official Retail Bank Partner. The agreement includes naming rights for the KeyBank Ice Deck premium seating area and a Small Business Spotlight program featuring Colorado businesses. KeyBank will also sponsor the next three regular-season home openers and the annual Avalanche Alumni Game.
KeyBank (KEY) appointed Mike Keane Chief Operating Officer of Key Wealth, effective October 1, 2026, succeeding Joe Calabrese. Keane will report to Joe Skarda, Head of Key Wealth, and lead delivery of its financial planning, investment, fiduciary and banking capabilities. Calabrese plans to retire later this year and will remain through year-end to support the transition. Keane most recently served as Chief Operating Officer of Wilmington Trust, M&T Bank's wealth management division.
KeyBank (KEY) released its 2026 Small Business Survey, showing owners absorbing rising costs while remaining motivated by their businesses.
33% of respondents cut their own income to offset rising costs, while 88% remained as motivated by their original business dream. Inflation and rising costs were cited as a threat by 53%, up from 50% in 2025. Meanwhile, 94% reported at least one accomplishment this year, including stable customer prices, improved efficiency or revenue growth.
Cash reserves improved for 23% of owners, and 26% paid down debt this year. 54% were certain reserves could cover one month of operating expenses, up from 33% in 2024. The share in survival mode fell to 17% from 23% in 2025, while 28% were actively investing for long-term growth, up from 22% in 2025. These findings describe surveyed business owners, not KeyBank's financial results.
KeyBank (KEY) named Drue Anderson to lead Retail Banking, succeeding Kevin Sloan.
Anderson has joined the bank and will work with Sloan through the end of 2026. Sloan plans to retire at year-end. Anderson brings more than 25 years of banking leadership experience and most recently served as Divisional Director of Consumer Banking and Head of Virtual Banking at JPMorgan Chase. He will be based in KeyBank's Indianapolis office.