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 receiving all required regulatory approvals for Scotiabank's strategic minority investment. The Federal Reserve approved Scotiabank's remaining approximately 10% investment, expected to close in 2024. The initial 4.9% investment was completed on August 30, 2024. KeyCorp's CEO Chris Gorman expressed satisfaction with the approval, noting meaningful results from the first investment tranche and highlighting that the completed transaction will create additional growth capacity and enable further investments across the franchise.
KeyBank has awarded over $525,000 to 16 Western Pennsylvania organizations through Pennsylvania's Educational Improvement Tax Credit (EITC) program. The program offers tax credits to businesses contributing to qualified organizations, providing a 90% state tax credit for eligible contributions to schools offering tuition assistance for low-income students or approved Educational Improvement Organizations.
Individual grants range from $25,000 to $50,000, benefiting various educational institutions in greater Pittsburgh and Erie. KeyBank, with assets of approximately $188 billion as of September 30, 2023, operates across 15 states through approximately 1,000 branches and 1,300 ATMs.
KeyBank has donated $5,000 to the 2024 Food 2 Families campaign in Buffalo, NY. The annual campaign supports FeedMore WNY, which provides nutritious food, friendship, and skills training to Western New York residents in need. The initiative operates through a food bank distribution center, partner hunger-relief agencies, and home-delivery meal programs across Cattaraugus, Chautauqua, Erie, and Niagara counties. 2024 marks the 20th anniversary of the Food 2 Families campaign, which is a partnership between FeedMore WNY, WGRZ-TV, and Tops Markets.
KeyBank has partnered with the Buffalo Sabres to support the Rasmus Dahlin Foundation with a $26,000 donation, matching Dahlin's jersey number. The foundation, established in October, aims to improve children's lives in Western New York, focusing on health, wellness, and resources for underserved communities.
The donation helps launch a new 'Text to Donate' program, where fans can text 'Dahlin' to 86225. Every $10 donation enters fans for a chance to win a meet-and-greet with Dahlin at a Sabres game. KeyBank serves as the official bank of the NHL team, with the Sabres playing their home games at KeyBank Center in downtown Buffalo.
KeyBank has awarded a $300,000 grant to Children's Home Society of Idaho to expand their Care Farm Therapy Program, which provides mental health support for Treasure Valley youth. The funding will enable the organization to:
- Hire additional clinicians
- Train 15-20 nature-based and animal-assisted therapists
- Employ a psychiatrist for medication management
- Expand partnerships with Treasure Valley schools
The program offers comprehensive mental health services including nature-based and animal-assisted therapies, medication management, and school-based counseling, particularly focusing on disadvantaged families. The Children's Home provides support for trauma, abuse, anxiety, and depression, along with peer support groups and community outreach initiatives, ensuring services are accessible regardless of financial circumstances.
KeyBank Foundation has announced $3 million in grants to eight Cleveland area non-profit organizations for 2024. The funding will support workforce development, education, and initiatives for creating safe, healthy, affordable and inclusive communities. Recipients include the Cleveland Institute of Art, Boys & Girls Clubs of Northeast Ohio, Enterprise Community Partners, College Now Greater Cleveland, May Dugan Center, Cleveland Neighborhood Progress, The Cleveland Orchestra, and The Cleveland Museum of Natural History.
Since 2017, KeyBank has invested over $1.8 billion in the Cleveland market, focusing on affordable housing, community development, small business lending, and philanthropy. KeyCorp, headquartered in Cleveland, has assets of approximately $190 billion as of September 30, 2024, operating through approximately 1,000 branches and 1,200 ATMs across 15 states.
KeyBank Foundation has granted $15,000 to the Women's Enterprise Development Center (WEDC) to support its Entrepreneur Growth Lab. The funding will enhance WEDC's ability to provide entrepreneurial training, advisory services, and capital access to small business owners in Westchester County and the Hudson Valley.
WEDC serves over 1,200 clients annually, primarily focusing on low-to-moderate income women and minorities. The organization offers MWBE certification assistance and provides programs in both English and Spanish. This grant is part of KeyBank's $40 billion commitment established in 2017 for lending and investments across its national footprint, supporting affordable housing, community development, and small business lending in low-and-moderate income communities.
Perion Network has launched a publisher-focused retail media offering, partnering with a360media, which operates brands like Us Weekly, Life&Style, and inTouch. The solution enables premium publishers to tap into retail media budgets using Perion's technology. The technology delivers targeted omnichannel advertising across CTV, DOOH, mobile, desktop, and audio channels, engaging consumers throughout their shopping journey.
Global retail media ad spending is projected to reach $137.3 billion in 2024 and grow by 20.6% to over $165 billion in 2025. Perion's AI-driven DCO technology enables dynamic, product-specific ads near store locations with real-time pricing updates and performance attribution.
KeyBank has announced a $300,000 investment in the Indianapolis Urban League (IUL) to expand its Entrepreneurship Center Program (ECP). The program, established in 2021, supports minority-owned small businesses in Central Indiana through workshops, training, coaching, and resources. Since its inception, ECP has enrolled 196 businesses, awarded over $146,000 in grants, and provided over 2,893 hours of business counseling. The new funding will enhance programming with additional services including mentoring, financial literacy training, and design support, tailored to each entrepreneur's business stage.
KeyCorp (NYSE: KEY) has announced that Chairman and CEO Chris Gorman will present at the Goldman Sachs Financial Services Conference in New York City. The presentation is scheduled for Tuesday, December 10, 2024, at 11:20 a.m. ET. During the conference, KeyCorp will provide an overview of its performance, strategy, and future outlook.