Keycorp - KEY STOCK NEWS

Key Family Wealth has been honored as the "Best Multi-family Office" in the $10 billion to $20 billion category at the 2021 Private Asset Management (PAM) Awards. This recognition marks the second consecutive year Key Family Wealth has received this prestigious award.

The PAM Awards evaluate firms based on qualitative and quantitative performance indicators, showcasing Key Family Wealth's commitment to exceptional client service and strategic wealth management for ultra-high-net-worth families.

KeyCorp (NYSE: KEY) is set to announce its first quarter 2021 earnings on April 20, 2021, before the market opens. A conference call will follow at 10:00 a.m. ET to discuss financial results, strategy, and outlook. As of December 31, 2020, KeyCorp reported assets of approximately $170.3 billion. The bank operates over 1,000 branches and 1,400 ATMs across 15 states, providing a range of financial services to individuals and businesses. For more information, visit www.key.com.

KeyCorp (NYSE: KEY) reported a net income of $549 million for Q4 2020, marking a 38.3% increase from Q3 2020 and a 25.1% rise from Q4 2019. Earnings per diluted share were $0.56, up from $0.41 in Q3 and $0.45 in Q4 2019. KeyCorp achieved a record revenue of $1.845 billion for the quarter, driven by a 23% increase in fee income, primarily from consumer mortgage and investment banking. The company maintained a strong capital position with a Common Equity Tier 1 ratio of 9.8% and announced a new $900 million share repurchase authorization. The positive credit quality was reflected with net charge-offs at 53 basis points.

KeyCorp (NYSE: KEY) announced its first quarter 2021 cash dividend of $0.185 per share on common shares, payable on March 15, 2021. Record date is March 2, 2021. Preferred stock dividends include $312.50 for Series D, $15.3125 for Series E, $14.1250 for Series F, and $14.0625 for Series G, all payable on March 15, 2021. The record date for preferred stocks is March 1, 2021. The annual shareholder meeting is scheduled for May 13, 2021.

KeyBank has appointed Rachael Sampson as Senior Vice President and Director of Key4Women, aimed at supporting women business owners. With 15 years at KeyBank, Sampson brings significant experience to the role. The Key4Women program, launched in 2005, has facilitated over $12 billion in loans to women-owned businesses. Recent surveys reveal a 22% decline in financial confidence among women entrepreneurs due to the pandemic. KeyBank aims to empower this demographic through resources and networking opportunities, reinforcing its commitment to relationship-driven banking.

KeyCorp (NYSE: KEY) announced that Chairman and CEO Chris Gorman and Vice Chairman and CFO Don Kimble will present at the virtual Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 10:40 a.m. ET. The presentation will cover KeyCorp's performance, strategy, and outlook. Interested parties can access the live audio webcast and presentation materials at www.key.com/ir. KeyCorp, headquartered in Cleveland, Ohio, has assets of approximately $170.5 billion as of September 30, 2020, and serves clients through over 1,000 branches across 15 states.

KeyBank has appointed Eric Fiala as Head of Corporate Responsibility, overseeing community engagement and ESG initiatives. Gwen Robinson has been hired to lead the CRA team, aiming to maintain the bank's 'Outstanding' CRA rating. KeyBank promotes Kawanza Humphrey and Stacy Thompson to regional Corporate Responsibility Managers. The bank has a strong history of responsible banking, recently launching a $16.5 billion Community Benefits Plan. Additionally, it committed $18 million in philanthropic efforts in response to COVID-19, showcasing a commitment to supporting low-income communities.

KeyCorp (NYSE: KEY) will announce its fourth quarter 2020 earnings on January 21, 2021, before market opening. A conference call scheduled for 10:00 a.m. ET will discuss financial results, strategy, and outlook. KeyCorp, headquartered in Cleveland, Ohio, is among the largest bank-based financial services firms in the U.S., with around $170.5 billion in assets as of September 30, 2020. The company operates over 1,000 branches and provides a range of financial services.