Keycorp Stock Price, News & Analysis

KeyCorp (NYSE: KEY) has announced its participation in the upcoming Bank of America Securities 2025 Financial Services Conference. The company's Chairman and Chief Executive Officer, Chris Gorman, is scheduled to speak at the event on Tuesday, February 11, 2025, at 8:00 a.m. ET in Miami. During the presentation, KeyCorp will provide an overview of its performance, strategy, and future outlook.

KeyBank has launched a year-long bicentennial celebration marking 200 years of service since its founding in 1825 in Albany, New York. The celebration includes the unveiling of a digital KeyBank Heritage Center offering an interactive journey through the bank's history, and plans for a state-of-the-art museum at the company's Cleveland headquarters opening in April.

With 17,000 teammates, millions of clients, and operations spanning from Maine to Alaska, KeyBank stands as one of the nation's largest bank-based financial services companies, managing assets of approximately $187 billion as of December 31, 2024. The bank operates through approximately 1,000 branches and 1,200 ATMs across 15 states, providing deposit, lending, cash management, and investment services under KeyBank National Association, along with corporate and investment banking products through KeyBanc Capital Markets.

KeyCorp (NYSE: KEY) reported a Q4 2024 net loss of $(279) million, or $(0.28) per diluted share, with adjusted net income of $378 million, or $0.38 per diluted share. The quarter included $(657) million after-tax charges related to securities sale losses.

Revenue reached $865 million, with adjusted revenue up 16% year-over-year. Net interest income increased 10% quarter-over-quarter, while investment banking, payments, and wealth management fees grew 27% year-over-year. The Common Equity Tier 1 ratio improved by 120 basis points to 12%.

Key's performance showed positive trends with client deposits up 4%, Assets Under Management reaching a record $61 billion, and net charge-offs down 26% quarter-over-quarter. The company completed Scotiabank's minority investment during the quarter and marked strong momentum across investment banking, commercial payments, and wealth management segments.

KeyCorp (NYSE: KEY) has announced its dividend declarations for the first quarter of 2025. The company will pay a cash dividend of $0.205 per share on its common shares, payable on March 14, 2025, to shareholders of record as of March 4, 2025.

The board also declared dividends on several series of preferred stocks, all payable on March 17, 2025, to holders of record as of March 3, 2025. These include:

• Series D: $312.50 per share ($12.50 per depositary share)
• Series E: $15.3125 per share ($0.382813 per depositary share)
• Series F: $14.1250 per share ($0.353125 per depositary share)
• Series G: $14.0625 per share ($0.351563 per depositary share)
• Series H: $15.50 per share ($0.3875 per depositary share)

The company also announced that its 2025 Annual Meeting of Shareholders will be held on Thursday, May 15, 2025.

KeyCorp (NYSE:KEY) has announced the appointment of Mohit (Mo) Ramani as its new Chief Risk Officer (CRO), effective January 23, 2025. Ramani joins from Truist Financial , where he served as Deputy Chief Risk Officer, bringing experience from previous roles at Goldman Sachs and Bank of America.

Ramani will be a member of Key's executive leadership team, reporting directly to Chairman and CEO Chris Gorman. In his role as CRO, he will lead the risk management team and oversee all aspects of Key's risk management function. He brings expertise in leading transformative changes in risk management platforms and practices, with a track record of building internal partnerships while maintaining regulatory compliance.

KeyBank's annual Financial Mobility Survey reveals significant insights about Americans' financial health and anxiety. While 50% of Americans report financial stress, 45% could access $2,000 for emergencies within a month. The survey found that 33% feel stressed about debt, yet 37% need less than $5,000 to relieve this stress.

Key findings show that 70% are confident in paying monthly credit card bills, and 87% can meet mortgage/rent payments. Notably, 44% report having no credit card debt. While 68% say they need more money to live comfortably, 45% are less than $2,500 per month away from their comfort goal. However, homeownership remains challenging, with 46% of non-homeowners viewing it as unattainable, up from 39% last year.

The survey, conducted in September 2024, included 1,000 Americans aged 18-70 who have banking accounts and household financial responsibilities.

KeyBank's Key4Women is hosting a free virtual webinar titled 'Liar Liar Pants on Fire!' on January 15th, 2025, featuring Fraud-Busting Body Language Expert Traci Brown. The one-hour session will focus on teaching techniques based on Body Language and Forensic Linguistics to detect lies and make better business decisions.

Brown, ranked #3 body language expert globally for 2024, will share nine telltale signs of lying, methods to uncover truth, and strategies to avoid becoming a victim. The webinar aims to help attendees improve their decision-making in sales, negotiations, hiring, and risk management.

Key4Women, launched in 2005, has surpassed its initial goal of $1 billion in loans to women-owned businesses, now reaching over $12 billion in total lending. The program offers free membership and provides access to Certified Key4Women Advisors who support women business leaders in their financial journey.

KeyCorp (NYSE: KEY) has appointed Robert Weiss as Head of Key Family Wealth to lead their ultra-high net worth client segment. Based in New York City, Weiss brings over 20 years of senior leadership experience in wealth management and will report to Key Wealth President Joe Skarda.

Weiss joins from First Republic (now part of J.P. Morgan Wealth Management), where he served as Regional Business Leader across NY, NJ, and CT. His previous roles include establishing SunTrust's Northeast Private Wealth Division and serving as Global Head of Advice Lab at J.P. Morgan.

Key Family Wealth, the multi-family office division of Key Private Bank, manages approximately $23 billion in AUM and is one of the largest multi-family offices in the country. KeyCorp, with assets of approximately $190 billion as of September 30, 2024, operates through approximately 1,000 branches and 1,200 ATMs across 15 states.

Way Finders has received a $10,000 grant from KeyBank Foundation to implement its Ready to Work: My Story, My Goals program in Hamden County, MA. The program provides a six-week employment readiness course with in-class instruction and one-to-one support for up to 15 low- to moderate-income residents.

The initiative targets Holyoke and Springfield's underserved neighborhoods, where 35% to 80% of residents identify as people of color and/or Latino/Latina. Participants will receive assistance in resume writing, digital literacy skills, job search strategies, and access to employment resources.

This grant is part of KeyBank's broader $40 billion commitment established in 2017 for lending and investments across its national footprint, supporting affordable housing, community development, and philanthropic efforts focused on education and workforce development.