Keycorp Stock Price, News & Analysis

KeyBank has donated $5,000 to the 2024 Food 2 Families campaign in Buffalo, NY. The annual campaign supports FeedMore WNY, which provides nutritious food, friendship, and skills training to Western New York residents in need. The initiative operates through a food bank distribution center, partner hunger-relief agencies, and home-delivery meal programs across Cattaraugus, Chautauqua, Erie, and Niagara counties. 2024 marks the 20th anniversary of the Food 2 Families campaign, which is a partnership between FeedMore WNY, WGRZ-TV, and Tops Markets.

KeyBank has partnered with the Buffalo Sabres to support the Rasmus Dahlin Foundation with a $26,000 donation, matching Dahlin's jersey number. The foundation, established in October, aims to improve children's lives in Western New York, focusing on health, wellness, and resources for underserved communities.

The donation helps launch a new 'Text to Donate' program, where fans can text 'Dahlin' to 86225. Every $10 donation enters fans for a chance to win a meet-and-greet with Dahlin at a Sabres game. KeyBank serves as the official bank of the NHL team, with the Sabres playing their home games at KeyBank Center in downtown Buffalo.

KeyBank has awarded a $300,000 grant to Children's Home Society of Idaho to expand their Care Farm Therapy Program, which provides mental health support for Treasure Valley youth. The funding will enable the organization to:

• Hire additional clinicians
• Train 15-20 nature-based and animal-assisted therapists
• Employ a psychiatrist for medication management
• Expand partnerships with Treasure Valley schools

The program offers comprehensive mental health services including nature-based and animal-assisted therapies, medication management, and school-based counseling, particularly focusing on disadvantaged families. The Children's Home provides support for trauma, abuse, anxiety, and depression, along with peer support groups and community outreach initiatives, ensuring services are accessible regardless of financial circumstances.

KeyBank Foundation has announced $3 million in grants to eight Cleveland area non-profit organizations for 2024. The funding will support workforce development, education, and initiatives for creating safe, healthy, affordable and inclusive communities. Recipients include the Cleveland Institute of Art, Boys & Girls Clubs of Northeast Ohio, Enterprise Community Partners, College Now Greater Cleveland, May Dugan Center, Cleveland Neighborhood Progress, The Cleveland Orchestra, and The Cleveland Museum of Natural History.

Since 2017, KeyBank has invested over $1.8 billion in the Cleveland market, focusing on affordable housing, community development, small business lending, and philanthropy. KeyCorp, headquartered in Cleveland, has assets of approximately $190 billion as of September 30, 2024, operating through approximately 1,000 branches and 1,200 ATMs across 15 states.

KeyBank Foundation has granted $15,000 to the Women's Enterprise Development Center (WEDC) to support its Entrepreneur Growth Lab. The funding will enhance WEDC's ability to provide entrepreneurial training, advisory services, and capital access to small business owners in Westchester County and the Hudson Valley.

WEDC serves over 1,200 clients annually, primarily focusing on low-to-moderate income women and minorities. The organization offers MWBE certification assistance and provides programs in both English and Spanish. This grant is part of KeyBank's $40 billion commitment established in 2017 for lending and investments across its national footprint, supporting affordable housing, community development, and small business lending in low-and-moderate income communities.

Perion Network has launched a publisher-focused retail media offering, partnering with a360media, which operates brands like Us Weekly, Life&Style, and inTouch. The solution enables premium publishers to tap into retail media budgets using Perion's technology. The technology delivers targeted omnichannel advertising across CTV, DOOH, mobile, desktop, and audio channels, engaging consumers throughout their shopping journey.

Global retail media ad spending is projected to reach $137.3 billion in 2024 and grow by 20.6% to over $165 billion in 2025. Perion's AI-driven DCO technology enables dynamic, product-specific ads near store locations with real-time pricing updates and performance attribution.

KeyBank has announced a $300,000 investment in the Indianapolis Urban League (IUL) to expand its Entrepreneurship Center Program (ECP). The program, established in 2021, supports minority-owned small businesses in Central Indiana through workshops, training, coaching, and resources. Since its inception, ECP has enrolled 196 businesses, awarded over $146,000 in grants, and provided over 2,893 hours of business counseling. The new funding will enhance programming with additional services including mentoring, financial literacy training, and design support, tailored to each entrepreneur's business stage.

KeyCorp (NYSE: KEY) has announced that Chairman and CEO Chris Gorman will present at the Goldman Sachs Financial Services Conference in New York City. The presentation is scheduled for Tuesday, December 10, 2024, at 11:20 a.m. ET. During the conference, KeyCorp will provide an overview of its performance, strategy, and future outlook.

KeyCorp (NYSE: KEY) has declared its fourth quarter 2024 dividends. The company will pay a cash dividend of $0.205 per common share on December 13, 2024, to shareholders of record as of December 3, 2024. Additionally, KeyCorp announced dividend payments for five series of preferred stocks (Series D, E, F, G, and H), all payable on December 16, 2024, to shareholders of record as of December 2, 2024. The preferred stock dividends range from $14.0625 to $312.50 per share, with corresponding depositary share equivalents.