KeyCorp Lowers Its Prime Lending Rate to 7.00 Percent

Rhea-AI Summary

KeyCorp (NYSE: KEY) said it has lowered its prime lending rate to 7.00% from 7.25%, effective Oct. 30, 2025. The announcement applies to KeyCorp and its banking affiliates.

Key is headquartered in Cleveland, with approximately $187 billion in assets as of Sept. 30, 2025, about 1,000 branches and 1,200 ATMs, and serves customers in 15 states. The company also provides corporate and investment banking services under the KeyBanc Capital Markets name.

Positive

• Prime lending rate lowered to 7.00% effective Oct 30, 2025
• Applies to KeyCorp and its banking affiliates

Negative

• Prime rate cut from 7.25% to 7.00%

News Market Reaction – KEY

-1.08%

-1.08% Session close to close

In the Oct 29 session, KEY declined 1.08%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CLEVELAND, Oct. 29, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 7.00 percent from 7.25 percent, effective tomorrow, Oct. 30, 2025.

About KeyCorp

In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at Sept. 30, 2025. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

 

 

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SOURCE KeyCorp

FAQ

What change did KeyCorp (KEY) announce to its prime lending rate on Oct 29, 2025?

KeyCorp lowered its prime lending rate to 7.00% from 7.25%, effective Oct 30, 2025.

When does KeyCorp's new prime rate of 7.00% take effect for KEY customers?

The new prime rate takes effect on Oct. 30, 2025.

Does the prime rate change apply to all KeyCorp banking affiliates under KEY?

Yes, the rate change applies to KeyCorp and its banking affiliates.

What were KeyCorp's reported assets as of Sept. 30, 2025 in the announcement?

Key reported approximately $187 billion in assets as of Sept. 30, 2025.

How extensive is KeyCorp's branch and ATM network referenced in the KEY announcement?

The announcement cites about 1,000 branches and approximately 1,200 ATMs across 15 states.