Keycorp Stock Price, News & Analysis

Key Wealth, KeyBank's wealth management division (NYSE:KEY), has expanded its strategic partnership with Envestnet to enhance its wealth management platform capabilities. The collaboration aims to provide Key Wealth advisors with comprehensive access to Envestnet's technology and data-driven solutions.

The enhanced platform will deliver:

• Digital client experience with improved advisor-client collaboration
• Integrated financial planning tools for tailored strategies
• Advanced portfolio management and analytics including risk analysis and AI-driven insights

Key Wealth, managing approximately $61 billion in assets as of December 31, 2024, will leverage Envestnet's ecosystem to streamline advisor workflows and deliver personalized client experiences. Envestnet currently serves over 111,000 advisors with more than $6.5 trillion in platform assets as of September 30, 2024.

KeyCorp (NYSE: KEY) has announced its participation in the 2025 RBC Capital Markets Global Financial Institutions Conference, scheduled for March 4, 2025, at 11:20 a.m. ET in New York City. Chief Financial Officer Clark Khayat will represent the company, discussing performance, strategy, and outlook.

The presentation will be accessible via live audio webcast on www.key.com/ir. The year 2025 marks KeyCorp's bicentennial, celebrating 200 years of service across regions from Maine to Alaska. As of December 31, 2024, KeyCorp reported assets of approximately $187 billion.

KeyCorp operates through KeyBank National Association with:

• Approximately 1,000 branches
• 1,200 ATMs across 15 states
• Services including deposits, lending, cash management, and investments
• Corporate and investment banking through KeyBanc Capital Markets

KeyBank's wealth management division, Key Private Bank, has been awarded for 'Private Banking Client Service' at the 2025 Private Asset Management (PAM) Awards in New York City, marking their fifth recognition in this category. The award acknowledges the bank's excellence in providing customized wealth management and financial planning solutions to high-net-worth clients.

Key Private Bank, managing $55 billion in AUM and $60 billion in AUA as of December 31, 2024, operates across 15 states. The parent company, KeyCorp (NYSE:KEY), holds assets of approximately $187 billion and maintains a network of about 1,000 branches and 1,200 ATMs, offering comprehensive banking services including corporate and investment banking products.

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.