Keycorp Stock Price, News & Analysis

KeyBank (NYSE: KEY) has announced a strategic partnership and minority equity investment in Qolo, a payment cycle management solutions provider. The partnership centers around KeyVAM®, a technology-enabled cash management solution that has processed nearly $9 billion in transactions since October. KeyVAM® offers virtual account structures, automated reporting, reconciliation, and API integration capabilities. Recent platform enhancements include same-day ACH reconciliation, enhanced dashboard reporting, and improved statement reporting. This partnership represents KeyBank's continued strategy of investing in emerging fintech providers, building upon their two-year working relationship with Qolo. The collaboration aims to advance commercial banking innovation and improve client experiences in payment management across various industry verticals.

KeyBank (NYSE: KEY) has partnered with Personetics to implement their Cognitive Banking platform, focusing on enhancing financial wellness for clients. The partnership comes as KeyBank's 2025 Financial Mobility Survey revealed increased financial stress among Americans, with 51% of Gen Z taking proactive steps for their financial future. The bank will utilize Personetics' Engage platform to deliver personalized insights and recommendations based on clients' spending and saving habits. This aligns with Personetics' recent survey finding that 70% of consumers want their financial institutions to provide timely insights on financial habits. The collaboration aims to address growing financial wellness demands, particularly among younger consumers, while helping clients manage their financial futures more effectively.

KeyCorp (NYSE: KEY) announced that CEO Chris Gorman will present at the Bernstein Annual Strategic Decisions Conference on May 28, 2025, at 11:00 a.m. ET in New York City. The presentation will include a review of KeyCorp's performance, strategy, and outlook, with a live audio webcast available on www.key.com/ir.

KeyCorp, celebrating its 200th anniversary in 2025, is one of the nation's largest bank-based financial services companies with assets of $189 billion as of March 31, 2025. The company operates through approximately 1,000 branches and 1,200 ATMs across 15 states, providing banking services under KeyBank National Association and corporate banking through KeyBanc Capital Markets.

KeyCorp (NYSE: KEY) has announced its quarterly dividend declarations for Q2 2025. The company will pay a cash dividend of $0.205 per common share on June 13, 2025, to shareholders of record as of May 27, 2025.

Additionally, KeyCorp declared dividends on several series of preferred stocks, all payable on June 16, 2025: Series D at $312.50 per share ($12.50 per depositary share), Series E at $15.3125 per share ($0.382813 per depositary share), Series F at $14.1250 per share ($0.353125 per depositary share), Series G at $14.0625 per share ($0.351563 per depositary share), and Series H at $15.50 per share ($0.3875 per depositary share).

KeyCorp (NYSE: KEY) has announced its schedule for 2026 quarterly earnings conference calls. The calls will be held following the pre-market financial results release on: January 20, 2026 (Q4 2025), April 16, 2026 (Q1), July 21, 2026 (Q2), October 20, 2026 (Q3), and January 20, 2027 (Q4 2026). Live audio webcasts and materials will be available at www.key.com/ir.

KeyCorp, celebrating its 200th anniversary in 2025, is a major bank-based financial services company with $189 billion in assets as of March 31, 2025. The company operates approximately 1,000 branches and 1,200 ATMs across 15 states, offering banking services through KeyBank National Association and corporate banking through KeyBanc Capital Markets.

Key Family Wealth, the multi-family office division of Key Wealth (NYSE:KEY), has received two prestigious awards at the 2025 Family Wealth Report Awards. The firm won "Best Family Wealth Solution" for its enhanced legacy planning services, standing out among seven shortlisted providers. Additionally, Cathy O'Malley Kearney, national head of Key Private Bank, was honored with the 'Woman in Wealth Banking' leadership award.

Key Wealth, with approximately $189 billion in assets as of March 31, 2025, was recognized for its expanded capabilities in generational wealth transition, governance, and succession, including its Family Milestone Experience program. The awards were judged by around forty industry experts from various sectors of wealth management.

KeyBank (NYSE: KEY) has launched its Certified Cash Flow Advisor Program, revolutionizing its business banking approach for small-to-midsize businesses. The program, initiated in 2024, equips KeyBank professionals with a framework for conducting 'Key Conversations' - structured consultations focusing on clients' cash flow and financial challenges. By March 2025, ~900 advisors have completed certification, with 285 more in progress.

The program offers tailored solutions in areas including payments, receivables, invoicing, liquidity management, process automation, and fraud protection. This initiative represents KeyBank's strategic shift towards a more consultative approach, moving beyond traditional product-focused banking to provide comprehensive financial guidance. KeyBank, with assets of approximately $189 billion as of March 31, 2025, operates across 15 states through approximately 1,000 branches and 1,200 ATMs.

KeyBank celebrates its 200-year anniversary with the grand opening of its Heritage Center in Cleveland. Located in Key Tower's Public Square branch, this state-of-the-art museum features interactive exhibits and artifacts dating back to the bank's 1825 founding in Albany, New York.

The center, which will remain open permanently beyond 2025, received endorsements from Ohio Governor Mike DeWine, Cleveland Mayor Justin M. Bibb, and Cuyahoga County Executive Chris Ronayne. Mayor Bibb declared April 12, 2025, as "KeyBank Heritage Day" in Cleveland.

As one of the nation's largest bank-based financial services companies, KeyBank manages assets of approximately $189 billion and operates across 15 states. The bank maintains approximately 1,000 branches, 1,200 ATMs, and employs 17,000 teammates serving clients from Maine to Alaska.

KeyCorp (NYSE: KEY) reported strong Q1 2025 financial results with net income of $370 million, or $0.33 per diluted share, marking significant improvement from Q1 2024's $183 million. Revenue reached $1.8 billion, up 16% year-over-year, while expenses decreased 1%.

Key performance highlights include: net interest income up 4% quarter-over-quarter, net interest margin increased to 2.58%, and improved credit metrics with nonperforming assets declining 9%. The bank maintained a strong capital position with Common Equity Tier 1 ratio of 11.8%, up approximately 150 basis points year-over-year.

Commercial loans grew $1.2 billion from year-end, while client deposits increased 4% year-over-year. The bank's credit quality remained robust, with credit migration trends improving for the fifth consecutive quarter. The provision for credit losses was $118 million, with net loan charge-offs at $110 million or 0.43% of average total loans.