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.
KeyCorp (NYSE: KEY) announced a cash dividend of $0.185 per share on common shares, payable on September 15, 2021, to shareholders on record as of August 31, 2021. Additional dividends include $312.50 per share on Series D Preferred Stock, $15.3125 on Series E, $14.1250 on Series F, and $14.0625 on Series G, also payable on September 15, 2021. This demonstrates the company’s commitment to returning value to its shareholders amidst its operations across 15 states.
KeyCorp (NYSE: KEY) will host an investor meeting on March 1, 2022, at 8:30 a.m. ET in New York City. CEO Chris Gorman and senior leadership will discuss the company's strategy, performance, and outlook. Attendance is by invitation for institutional investors and analysts. Those unable to attend can access a live audio webcast and presentation materials at www.key.com/ir. KeyCorp, headquartered in Cleveland, Ohio, has approximately $176.2 billion in assets and provides financial services across 15 states.
KeyBank announced its record graduation of 4,513 clients from the Secured Credit Card program in May 2021, doubling last year's figures. This initiative aims to assist clients in building or rebuilding their credit scores, especially for the 2,974 clients who initially had no FICO score. Clients improved their scores by an average of 78 points in six months. KeyBank plans to enhance access with a digital application process, emphasizing their commitment to financial wellness for communities affected by the pandemic.
KeyCorp (NYSE:KEY) has announced the appointment of James L. Waters as General Counsel and Corporate Secretary, effective July 6, 2021. Waters, with over 20 years of experience in corporate law focused on finance, previously served as General Counsel at Cullen/Frost Bankers, Inc., and as a partner at Haynes and Boone, LLP. His expertise in legal matters is expected to support Key's growth strategy, as highlighted by Chris Gorman, Chairman and CEO. KeyCorp, headquartered in Cleveland, has approximately $176.2 billion in assets as of March 31, 2021.
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KeyCorp (NYSE: KEY) plans to announce its second quarter 2021 earnings on July 20, 2021, prior to market opening. A conference call will follow at 10:00 a.m. ET to discuss financial results, strategy, and future outlook. As of March 31, 2021, KeyCorp reported assets totaling approximately $176.2 billion. KeyCorp provides a range of financial services to individuals and businesses across 15 states through over 1,000 branches and 1,400 ATMs.
KeyBank has announced a strategic affiliation with XUP Payments, enhancing its merchant services with a new digital platform called Key Merchant Services (KMS). This partnership aims to streamline the merchant processing experience, featuring improved onboarding, activation, and service capabilities. The collaboration aligns with KeyBank's strategy of working with fintech providers to deliver innovative solutions. While financial investment terms were undisclosed, this initiative positions KeyBank as the first commercial bank in the U.S. to invest in XUP.
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KeyBanc Capital Markets (KBCM) has expanded its Utilities, Power & Renewables Group with the addition of a six-person renewable energy investment banking team, featuring prominent figures such as Julian Bailliet and Timothy Beach. This team is set to enhance KBCM's M&A advisory services within the U.S. renewable sector, building on KeyBank's strong history in financing renewable energy, with over $15 billion deployed since 2010. The move aligns with Key's commitment to lead the transition to a sustainable power system.
KeyCorp (NYSE:KEY) announced the appointment of Joe Skarda as the new president of KeyBank Wealth Management on April 28, 2021. Based in Chicago, Skarda will oversee the bank's wealth management strategy, targeting mass affluent, high net worth, and ultra-high net worth clients. He has nearly 20 years of experience in the sector, previously serving as managing director at JP Morgan Chase. Skarda aims to drive growth through a relationship-focused model and maintain the momentum of existing wealth management operations.