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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 (NYSE: KEY) has been awarded twelve 2025 Coalition Greenwich Best Bank Awards for its excellence in middle market and small business banking services. The bank received nine awards in middle market banking, highlighting its success in areas such as ease of doing business, long-term relationships, trust, and customer service.
The recognition includes specific awards for relationship manager satisfaction in the Northeast and West regions. Additionally, KeyBank secured three awards in small business banking, particularly for relationship manager satisfaction and advisory capabilities.
These achievements are based on extensive market research, including over 13,000 interviews with small businesses ($1-10 million in sales) and nearly 12,000 interviews with middle market businesses ($10-500 million in sales). As of December 31, 2024, KeyBank manages approximately $187 billion in assets and operates across 15 states with about 1,000 branches and 1,200 ATMs.
Liquidity, a global asset manager specializing in growth-stage private credit, has secured a structured credit facility of up to $450 million, anchored by KeyBank (NYSE: KEY). The initial commitment from KeyBank is $75 million, expected to scale to $250 million, supporting Liquidity's expansion in the US market.
The facility will be used to originate credit deals with growth and late-stage technology companies through Liquidity's proprietary AI-enabled investing platform. This marks Liquidity's first partnership with a US-based bank, following their growth in EMEA, APAC, and MENA regions. The firm boasts an industry-leading 0% loss rate and provides credit ranging from $10 million to $150 million to growth stage tech companies globally.
KeyCorp (NYSE: KEY) has announced a significant $1.0 billion share repurchase program authorized by its Board of Directors. The program, set to commence in the second half of 2025, will allow KeyCorp to purchase shares through open market or private transactions.
The timing, price, and volume of repurchases will be determined based on various factors, including market conditions, stock price, regulatory requirements, corporate liquidity needs, and other priorities. The company, celebrating its bicentennial in 2025, currently maintains assets of approximately $187 billion as of December 31, 2024, with operations spanning 15 states through approximately 1,000 branches and 1,200 ATMs.
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.
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