Welcome to our dedicated page for Keycorp news (Ticker: KEY), a resource for investors and traders seeking the latest updates and insights on Keycorp stock.
KeyCorp (NYSE: KEY) serves as a cornerstone of financial services with a 200-year legacy in banking innovation. This news hub provides investors and analysts with essential updates spanning corporate developments, regulatory filings, and market-moving announcements.
Track KeyCorp's strategic initiatives through verified press releases covering quarterly earnings, merger activity, leadership appointments, and regulatory compliance. Our curated feed combines retail banking updates with insights into commercial lending trends and wealth management innovations.
Discover timely reports on KeyCorp's community banking initiatives alongside corporate financial strategies. The repository includes filings related to capital management, dividend declarations, and technology investments shaping modern banking services.
Bookmark this page for structured access to KeyCorp's financial communications, maintained with strict editorial standards. Monitor the company's evolving position in competitive markets through objective reporting of material business events.
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.
KeyBank Foundation is contributing $300,000 to Penquis, which has secured additional funding of $3.3 million for a transformative housing project in Maine. This initiative aims to tackle the state's housing crisis using BioHome3D technology developed by the University of Maine. The pilot program will construct nine 3D-printed homes utilizing sustainable materials, addressing an estimated shortage of 20,000 to 25,000 rental units in the state. The project not only aims to provide affordable housing but could also stimulate local economic development and job creation within the construction sector.
KeyBank (NYSE:KEY) has announced its collaboration with the State of New York Mortgage Agency (SONYMA) to provide low-interest mortgage loans to assist first-time homebuyers in New York. KeyBank will offer two primary SONYMA programs: Achieving the Dream and Low Interest Rate, which can be combined with down payment assistance loans and other grants. Additionally, KeyBank has introduced a $5,000 Home Buyer Credit for eligible purchases. KeyBank aims to enhance community investment through home ownership, emphasizing the importance of housing in wealth building.
KeyBank Foundation is investing a total of $555,000 in various non-profit organizations in Central New York, focusing on workforce development and community initiatives. This funding is part of KeyBank's $40 billion National Community Benefits Plan, which underscores its commitment to diversity, equity, and inclusion. Significant grants include $150,000 for Jubilee Homes of Syracuse to support its Build to Work program and $150,000 for Le Moyne College to enhance STEM programming. Since 2017, KeyBank has invested over $512 million in Central New York, demonstrating its dedication to economic inclusion and community support.
FAQ
What is the current stock price of Keycorp (KEY)?
What is the market cap of Keycorp (KEY)?
