KeyCorp - KEY STOCK NEWS

KeyCorp (NYSE: KEY) has announced its dividend declarations for the first quarter of 2025. The company will pay a cash dividend of $0.205 per share on its common shares, payable on March 14, 2025, to shareholders of record as of March 4, 2025.

The board also declared dividends on several series of preferred stocks, all payable on March 17, 2025, to holders of record as of March 3, 2025. These include:

• Series D: $312.50 per share ($12.50 per depositary share)
• Series E: $15.3125 per share ($0.382813 per depositary share)
• Series F: $14.1250 per share ($0.353125 per depositary share)
• Series G: $14.0625 per share ($0.351563 per depositary share)
• Series H: $15.50 per share ($0.3875 per depositary share)

The company also announced that its 2025 Annual Meeting of Shareholders will be held on Thursday, May 15, 2025.

KeyCorp (NYSE:KEY) has announced the appointment of Mohit (Mo) Ramani as its new Chief Risk Officer (CRO), effective January 23, 2025. Ramani joins from Truist Financial , where he served as Deputy Chief Risk Officer, bringing experience from previous roles at Goldman Sachs and Bank of America.

Ramani will be a member of Key's executive leadership team, reporting directly to Chairman and CEO Chris Gorman. In his role as CRO, he will lead the risk management team and oversee all aspects of Key's risk management function. He brings expertise in leading transformative changes in risk management platforms and practices, with a track record of building internal partnerships while maintaining regulatory compliance.

KeyBank's annual Financial Mobility Survey reveals significant insights about Americans' financial health and anxiety. While 50% of Americans report financial stress, 45% could access $2,000 for emergencies within a month. The survey found that 33% feel stressed about debt, yet 37% need less than $5,000 to relieve this stress.

Key findings show that 70% are confident in paying monthly credit card bills, and 87% can meet mortgage/rent payments. Notably, 44% report having no credit card debt. While 68% say they need more money to live comfortably, 45% are less than $2,500 per month away from their comfort goal. However, homeownership remains challenging, with 46% of non-homeowners viewing it as unattainable, up from 39% last year.

The survey, conducted in September 2024, included 1,000 Americans aged 18-70 who have banking accounts and household financial responsibilities.

KeyBank's Key4Women is hosting a free virtual webinar titled 'Liar Liar Pants on Fire!' on January 15th, 2025, featuring Fraud-Busting Body Language Expert Traci Brown. The one-hour session will focus on teaching techniques based on Body Language and Forensic Linguistics to detect lies and make better business decisions.

Brown, ranked #3 body language expert globally for 2024, will share nine telltale signs of lying, methods to uncover truth, and strategies to avoid becoming a victim. The webinar aims to help attendees improve their decision-making in sales, negotiations, hiring, and risk management.

Key4Women, launched in 2005, has surpassed its initial goal of $1 billion in loans to women-owned businesses, now reaching over $12 billion in total lending. The program offers free membership and provides access to Certified Key4Women Advisors who support women business leaders in their financial journey.

KeyCorp (NYSE: KEY) has appointed Robert Weiss as Head of Key Family Wealth to lead their ultra-high net worth client segment. Based in New York City, Weiss brings over 20 years of senior leadership experience in wealth management and will report to Key Wealth President Joe Skarda.

Weiss joins from First Republic (now part of J.P. Morgan Wealth Management), where he served as Regional Business Leader across NY, NJ, and CT. His previous roles include establishing SunTrust's Northeast Private Wealth Division and serving as Global Head of Advice Lab at J.P. Morgan.

Key Family Wealth, the multi-family office division of Key Private Bank, manages approximately $23 billion in AUM and is one of the largest multi-family offices in the country. KeyCorp, with assets of approximately $190 billion as of September 30, 2024, operates through approximately 1,000 branches and 1,200 ATMs across 15 states.

Way Finders has received a $10,000 grant from KeyBank Foundation to implement its Ready to Work: My Story, My Goals program in Hamden County, MA. The program provides a six-week employment readiness course with in-class instruction and one-to-one support for up to 15 low- to moderate-income residents.

The initiative targets Holyoke and Springfield's underserved neighborhoods, where 35% to 80% of residents identify as people of color and/or Latino/Latina. Participants will receive assistance in resume writing, digital literacy skills, job search strategies, and access to employment resources.

This grant is part of KeyBank's broader $40 billion commitment established in 2017 for lending and investments across its national footprint, supporting affordable housing, community development, and philanthropic efforts focused on education and workforce development.

KeyBank's Delavan-Grider Farmers Market in East Buffalo has completed its third successful season, showing significant growth since its 2022 launch. Initially established as a bi-weekly market following a tragic incident at a local supermarket, it expanded to weekly operations in 2023. The market now serves 3-4 times more people than when it began.

The partnership between KeyBank, Buffalo GoGreen, and The Delavan-Grider Community Center has proven successful in addressing food insecurity in the area. As the market enters its fourth year, partners are focusing on deepening community connections, improving access for nearby residents, and engaging with the neighborhood's growing immigrant population. Future plans include incorporating diverse produce options and providing recipe cards to better serve the community.

KeyCorp (NYSE: KEY) has announced the completion of Scotiabank's strategic minority investment, with Scotiabank purchasing approximately $2.0 billion worth of KeyCorp's common stock. Following this transaction, which received Federal Reserve approval on December 12, 2024, Scotiabank now owns approximately 14.9% of KeyCorp's common stock. This investment fulfills the agreement previously announced on August 12, 2024.

KeyBank Foundation has announced a $50,000 donation to the McMahon Ryan Child Advocacy Center in Syracuse, supporting their efforts to prevent and intervene in child abuse. The center, established in 2002, provides comprehensive legal, medical, psychological, and social services to child abuse victims under one roof. The facility currently serves over 1,000 victims annually, utilizing a streamlined approach that partners with law enforcement, medical professionals, prosecutors, and other specialists.

The center's model allows children to tell their stories once to trained forensic interviewers, reducing trauma while preserving evidence. This donation is part of KeyBank's broader community investment in Central New York, where they have invested more than $725.3 million since 2017 in various community development projects.