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.
Laurel Road, a digital banking platform of KeyBank, announced the launch of its new checking account and mobile application aimed at healthcare and business professionals. The account offers features like a $500 cash bonus for direct deposits and discounts on student loan refinancing. A survey revealed that 45% of Gen-Z and millennials are interested in switching banks for better savings options. With no minimum deposit and a wide ATM network, the new offerings cater to the financial needs of busy professionals while promoting financial growth.
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On September 10, 2021, KeyCorp (KEY) announced the sale of its $3.2 billion indirect retail auto loan portfolio to Waterfall Asset Management, with KeyBank remaining the servicer. Concurrently, KeyCorp initiated an accelerated share repurchase (ASR) program, committing to repurchase up to $585 million of its common stock. This ASR is designed to enhance shareholder value, with an initial delivery of approximately 23.5 million shares scheduled for September 14, 2021. The final settlement of share repurchases is expected in Q4 2021.
Key Family Wealth, a division of Key Private Bank, has won the 2021 Wealth Management "Family Office" Industry Award for its Business Advisory Services.
Recognized for the "Family Office Best Client Initiative," the award acknowledges the successful transition of privately held businesses by Key Family Wealth. Selected from over 900 entries, this recognition highlights their commitment to first-generation entrepreneurs. Key Family Wealth manages over $17.9 billion in assets under management (AUM) as of August 31, 2021, showcasing its leadership in the wealth management sector.
KeyBank's Key4Women program, in collaboration with SCORE Cleveland, has selected 10 finalists for a business pitch contest aimed at women-owned businesses in Northeast Ohio. Out of 243 applicants, finalists will compete for cash awards totaling $22,000, with a grand prize of $10,000. The pitch contest will take place on October 7, 2021, at Cuyahoga Community College. Key4Women has provided over $12 billion in loans to women-owned businesses since its inception, underscoring its commitment to empower female entrepreneurs.
KeyCorp (NYSE: KEY) will present at the Barclays Global Financial Services Conference on September 13, 2021, at 12:00 p.m. ET. Chairman and CEO Chris Gorman, along with Vice Chairman and CFO Don Kimble, will discuss the company’s performance, strategy, and outlook. The live audio webcast and presentation materials will be accessible at www.key.com/ir. Founded in Albany, New York, and headquartered in Cleveland, Ohio, KeyCorp has approximately $181.1 billion in assets as of June 30, 2021, and operates over 1,000 branches across 15 states.
KeyCorp (NYSE: KEY) will announce its third quarter 2021 earnings on October 21, 2021, before market opening. A conference call will follow at 10:00 a.m. ET to discuss financial results, strategies, and future outlook. KeyCorp, headquartered in Cleveland, Ohio, is a leading bank-based financial services company with assets of approximately $181.1 billion as of June 30, 2021. It operates over 1,000 branches and provides a range of banking and investment services in 15 states.
KeyCorp reported net income of $698 million for Q2 2021, a 18.1% increase from Q1 2021 and a staggering 339.0% year-over-year rise. Earnings per diluted share rose to $0.72, compared to $0.61 in Q1 2021. Record revenues of $1.773 billion were driven by strong performance in commercial and consumer sectors, alongside an 8% year-over-year rise in noninterest income. Credit quality improved with lower nonperforming loans, while a new $1.5 billion share repurchase program and a potential dividend increase were announced. Key retains a robust capital position with a Common Equity Tier 1 ratio of 9.9%.
KeyBank has announced an expansion of its branding agreement with Cardtronics, the largest ATM operator, at Kum & Go locations in Colorado. This initiative will double KeyBank’s surcharge-free ATM access points, enhancing its brand visibility in a rapidly growing market. With $7 billion in deposits, KeyBank holds a significant market share in Colorado. The partnership aims to offer convenient banking access, which is expected to improve customer engagement and satisfaction.
KeyBank has expanded its branding partnership with Cardtronics, enhancing ATM accessibility across Central Indiana. This collaboration will double KeyBank's surcharge-free ATMs in the state, where it has 38 branches. The initiative aims to improve brand visibility and customer engagement, emphasizing convenience in banking access. KeyBank holds a significant market share with $4.9 billion in deposits as of June 2020. According to KeyBank executives, this expansion reflects a commitment to providing accessible banking solutions to the community.