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) generates a steady flow of news as one of the nation’s larger bank-based financial services companies. Headquartered in Cleveland, Ohio, the company highlights a 200-year history that it marked with a bicentennial in 2025, and its announcements reflect both its consumer and commercial banking activities as well as its capital markets capabilities.
News related to KeyCorp often covers interest rate and funding actions, such as changes to the prime lending rate by KeyCorp and its banking affiliates or the redemption of senior bank notes issued by KeyBank National Association. These items provide insight into how the organization manages its balance sheet, funding costs, and lending benchmarks.
Investors and analysts can also expect earnings and financial performance updates, including quarterly net income, revenue composition, net interest margin, deposit trends, loan balances, and asset quality metrics. These releases typically discuss both net interest income and noninterest income components such as trust and investment services, investment banking and debt placement fees, cards and payments income, and service charges on deposit accounts.
Another frequent category of news involves corporate and investment banking activity under the KeyBanc Capital Markets name. Announcements may describe financing facilities, credit arrangements, or advisory roles for clients such as energy storage developers or other companies in selected industries, illustrating how KeyCorp participates in capital markets transactions for middle market clients.
KeyCorp also issues releases about dividend declarations on its common shares and various series of preferred stock, as well as communications around investor presentations at financial services conferences. For users following KEY news, this page offers a centralized view of these developments, helping track how the company’s banking operations, capital markets activities, and capital management decisions evolve over time.
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KeyBank has launched new end-to-end payment facilitation capabilities, enhancing its embedded banking solutions. This move allows software companies to easily manage and control payments while improving the onboarding experience for merchants. Following the acquisition of XUP Payments in November 2021, KeyBank aims to solidify its position as a leader in embedded banking. The innovative solution simplifies merchant experiences, enabling clients to drive new revenue opportunities. With assets of approximately $181.2 billion as of March 31, 2022, KeyBank continues to focus on digital innovation.
KeyBank has announced the graduation of 4,343 clients from its Secured Credit Card program as of May 2022, contributing to over 15,000 clients improving their financial mobility since 2018. The program aims to enhance financial wellness and has shown significant results, including an average credit score increase of 81 points for those who initially had low scores. After graduation, 71% of clients graduated within 12 months. The program enables clients to establish credit with a $0 annual fee, promoting good spending habits and financial literacy.
KeyCorp (NYSE: KEY) announced that Chris Gorman, Chairman and CEO, and Don Kimble, Vice Chairman and CFO, will present at the Morgan Stanley US Financials, Payments & CRE Conference in New York City on June 13, 2022, at 1:45 p.m. ET. The presentation will cover KeyCorp’s performance, strategy, and outlook. Interested parties can access the live audio webcast and materials at www.key.com/ir. KeyCorp, headquartered in Cleveland, Ohio, has approximately $181.2 billion in assets as of March 31, 2022.
On May 12, 2022, KeyCorp (NYSE: KEY) announced the declaration of dividends for the second quarter of 2022. A cash dividend of $0.195 per share on common shares is scheduled for payment on June 15, 2022, to holders of record as of May 31, 2022. Additionally, dividends for preferred stocks include $312.50 per share for Series D, $15.3125 for Series E, $14.1250 for Series F, and $14.0625 for Series G, all payable on June 15, 2022. These dividends reflect the company's ongoing commitment to returning value to shareholders.
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KeyBank has announced its acquisition of GradFin, a leading provider of Public Service Loan Forgiveness counseling. This strategic move aligns with KeyBank's goal to enhance digital offerings for healthcare clients. GradFin, founded in 2015, specializes in providing comprehensive advisory solutions for student loan debt. The acquisition aims to leverage GradFin's innovative approach, combining digital platforms with expert guidance, to deliver effective debt relief solutions. The deal reflects KeyBank's commitment to expanding its fintech partnerships and driving digital innovation.
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On May 5, 2022, Key Private Bank announced that Chief Operating Officer Joe Calabrese received the Lifetime Achievement Award at the 2022 Family Wealth Report Awards. This award acknowledges his dedication to prioritizing client needs throughout his career in wealth management. Calabrese is recognized for his leadership in driving business transformation and relationship development. Key Private Bank oversees $50.2 billion in assets under management and $65.7 billion in assets under administration, underscoring its position as a leading wealth management provider.
KeyCorp (NYSE: KEY) announced an increase in its prime lending rate from 3.50 percent to 4.00 percent, effective May 5, 2022. This adjustment is significant for the bank's lending operations, as prime rates influence the interest charged on loans. As of March 31, 2022, KeyCorp's assets were approximately $181.2 billion, positioning it as a major player in the U.S. banking sector, serving individuals and businesses across 15 states.