KEYCORP RAISES ITS PRIME LENDING RATE TO 7.00 PERCENT

KeyCorp will increase its prime lending rate by 0.25 percentage points effective September 17, 2026.

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Rhea-AI Summary

KeyCorp (KEY) and its banking affiliates are raising their prime lending rate to 7.00 percent from 6.75 percent, effective September 17, 2026.

The change applies across KeyBank National Association, which provides deposit, lending, cash management and investment services in 15 states through about 950 branches and 1,100 ATMs. KeyCorp, headquartered in Cleveland, Ohio, reported approximately $191 billion in assets as of June 30, 2026, and also offers corporate and investment banking services under the KeyBanc Capital Markets name.

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Market Reaction – KEY

$20.50 $21.71 Day Range

$21.90B Market Cap

Following this news, KEY has declined 5.44%, reflecting a notable negative market reaction. Our momentum scanner has triggered 54 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $20.52. Trading volume is elevated at 2.8x the average, suggesting increased selling activity.

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09/16/2026 - 03:07 PM

CLEVELAND, Sept. 16, 2026 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have raised their prime lending rate to 7.00 percent from 6.75 percent, effective tomorrow, Sept. 17, 2026.

About KeyCorp
KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $191 billion at June 30, 2026.

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 950 branches and approximately 1,100 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.