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 reports developments across its KeyBank banking franchise, KeyBanc Capital Markets, and wealth-management operations. Company news commonly covers deposit, lending, cash management, and investment services for individuals and businesses in its multi-state banking footprint, along with commercial banking coverage for middle-market companies.
Recurring updates include quarterly earnings, net interest income, fee-based businesses such as investment banking, commercial payments, and wealth management, and regional expansion of middle-market teams. News also covers Key Private Bank, customer financial surveys, community partnerships, and capital-markets services including M&A advice, public and private debt and equity, syndications, and derivatives.
KeyBank Foundation has awarded a $30,000 grant to The Immokalee Foundation aimed at supporting its Career Pathways Program, which prepares students for high-demand careers in various fields such as Business Management and Healthcare. With over 31 years of educational service, the Foundation focuses on career readiness for financially disadvantaged students. This grant is part of KeyBank's broader plan to invest over $29 billion in community development and educational initiatives since 2017. KeyBank Foundation allocated $630,000 in grants in 2022 to assist nonprofits in Southern Florida.
KeyCorp (NYSE: KEY) will present at the 2023 RBC Capital Markets Financial Institutions Conference on March 7, 2023, at 2:00 p.m. ET in New York City. Executives Don Kimble, Vice Chairman and CFO, and Clark Khayat, EVP and Chief Strategy Officer, will discuss the company's performance, strategy, and outlook.
KeyCorp, headquartered in Cleveland, Ohio, has assets of approximately $190 billion as of December 31, 2022. The company offers a wide range of financial services through KeyBank National Association, which includes approximately 1,000 branches and 1,300 ATMs across 15 states.
KeyBank has been recognized as one of the Best Banks of 2023 by GoBankingRates. The ranking evaluated 18 banks based on criteria such as total assets, account fees, minimum deposit requirements, and customer service. KeyBank's variety of products, including five checking account options and a Hassle Free checking account, were highlighted for helping reduce fees. The bank emphasizes customer support, offering extended hours and multiple contact methods.
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KeyBank has partnered with Parachute Credit Counseling to provide free tax preparation services in Niagara County, New York, aimed at low- to moderate-income individuals and families. The initiative includes assistance in determining eligibility for the Earned Income Tax Credit (EITC), which offers substantial tax refunds. KeyBank volunteers will be available every Tuesday and Wednesday through early April at two local community centers. The EITC benefits those with specific income thresholds, and many eligible individuals fail to claim it, resulting in billions of unclaimed dollars.
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.