Keycorp Stock Price, News & Analysis

KeyBank's Key4Women will host a free webinar titled "Grit and Grace" on March 1, 2023, at 12 PM EST, to kick off Women's History Month. The event features guest speaker Cheryle Jackson, CEO of MyOwnDoctor and founder of Grit and Grace, who will discuss balancing ambition with self-compassion for sustained success. Jackson's diverse career includes roles as a C-suite executive, CEO of the Chicago Urban League, and a candidate for the U.S. Senate. KeyBank aims to empower women through this initiative, encouraging participants to overcome challenges and achieve their personal and professional goals.

Key Family Wealth, division of Key Private Bank, was awarded the "Best Multi-family Office" in the $10 billion - $20 billion category at the 2023 Private Asset Management (PAM) awards, marking their third consecutive win. This recognition, based on both quantitative and qualitative metrics, highlights their exceptional advisory services and client care. Key Family Wealth manages over $17.3 billion in assets under management (AUM) and is known for aiding business owners in wealth transition strategies. Headquartered in Cleveland, KeyCorp, with assets of approximately $189.8 billion, offers financial services across the United States.

KeyBank Foundation announced a $1.25 million investment in seven non-profit organizations in Northeast Ohio aimed at enhancing workforce development, education, and diversity, equity, and inclusion (DEI) initiatives. This initiative is part of KeyBank's broader commitment to invest $40 billion in community projects. Notable beneficiaries include the Urban League of Greater Cleveland and Boys & Girls Clubs of Northeast Ohio, which will use the funds for programs that support minority small businesses and prepare youth for future careers. Since 2017, KeyBank has invested over $1.6 billion in Northeast Ohio through its National Community Benefits Plan.

KeyBank is launching its annual Super Refund Saturday events on February 4, 2023, across several states to provide free tax preparation services for low- to moderate-income individuals and families. The initiative helps clients determine eligibility for the Earned Income Tax Credit (EITC), a financial benefit for qualifying workers. Many eligible filers fail to claim the EITC, leading to billions in unclaimed refunds. KeyBank will collaborate with local organizations to host events in cities like Cleveland, Dayton, and Indianapolis, among others, throughout February. Participants should bring necessary documents for successful filing.

KeyBank (NYSE: KEY) is streamlining home loan processes using Blend's digital platform, resulting in an average loan closing time that's 17 days faster. Amid rising interest rates, this efficiency empowers clients to navigate the competitive housing market. Currently, 83% of applicants complete their mortgage applications, taking just 29 minutes on average. Over half of client interactions occur outside regular business hours, highlighting the platform's convenience. A client example illustrates the expedited process, with a loan approved in under three weeks. KeyBank's collaboration with Blend aims to enhance homeownership experiences.

KeyBank has awarded a $1 million grant to ConnCORP to enhance support for minority-owned businesses in the Newhallville/Dixwell neighborhood. This grant, distributed in $200,000 increments over five years, aligns with KeyBank's National Community Benefits Plan, which has contributed over $29 billion to community projects. The funding will facilitate the hiring of a program director and the expansion of entrepreneurship programs, including workshops and investment roundtables. KeyBank emphasizes its commitment to fostering economic health through this partnership, which aims to support local minority entrepreneurs and build a sustainable business ecosystem.

KeyCorp (NYSE: KEY) has announced that its Chairman and CEO Chris Gorman and Chief Strategy Officer Clark Khayat will present at the Bank of America Securities 2023 Financial Services Conference on February 14, 2023, at 10:30 a.m. ET in New York City.

The presentation will cover the company's performance, strategy, and outlook. Interested parties can access the live audio webcast and presentation materials at www.key.com/ir. KeyCorp has a history of nearly 200 years and manages assets of approximately $189.8 billion as of December 31, 2022.

Connecticut Foodshare has been awarded a $500,000 grant from KeyBank Foundation to enhance its Mobile Pantry program, intended to assist those lacking access to food resources. Over three years, the funding aims to increase distribution from 3.1 million pounds to at least 4.5 million pounds, reaching over 14,000 households monthly. The program served an average of 17,718 food-insecure households per month in 2022. KeyBank's efforts are part of its broader commitment to improve communities through targeted support and resources.