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 reports developments across its KeyBank banking franchise, KeyBanc Capital Markets, and wealth-management operations. Company news commonly covers deposit, lending, cash management, and investment services for individuals and businesses in its multi-state banking footprint, along with commercial banking coverage for middle-market companies.
Recurring updates include quarterly earnings, net interest income, fee-based businesses such as investment banking, commercial payments, and wealth management, and regional expansion of middle-market teams. News also covers Key Private Bank, customer financial surveys, community partnerships, and capital-markets services including M&A advice, public and private debt and equity, syndications, and derivatives.
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.
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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