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KeyCorp - KEY STOCK NEWS

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) is a prominent financial services company headquartered in Cleveland, Ohio, with roots dating back nearly 200 years to Albany, New York. As one of the nation's largest bank-based financial services companies, KeyCorp has assets of approximately $187 billion as of March 31, 2024. The company operates under the name KeyBank National Association and serves clients through a network of approximately 1,000 branches and 1,200 ATMs across 15 states.

KeyCorp's core services include deposit, lending, cash management, and investment services tailored to individuals and businesses. The company also offers sophisticated corporate and investment banking products such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies throughout the United States under the KeyBanc Capital Markets trade name.

KeyBank is committed to making homeownership more accessible through its array of mortgage products and special purpose credit programs. Recently, the bank introduced Freddie Mac's Home Possible® mortgage loan, designed to offer more options and credit flexibilities to eligible individuals, aiming to boost homeownership rates.

The company also emphasizes wealth management for high net worth (HNW) and ultra-high net worth (UHNW) clients through Key Wealth, which includes Key Private Bank, Key Family Wealth, and Key Institutional Advisors. A strategic partnership with Neuberger Berman has further enhanced Key Wealth's offerings by integrating customized portfolio management to optimize tax efficiency and deliver better client outcomes.

Additionally, KeyCorp focuses on community development and corporate social responsibility. It has invested significantly in projects aimed at affordable housing, supporting small businesses, and educational initiatives. For instance, KeyBank recently invested in clean energy career preparation courses and skilled trade programs to help youth from diverse backgrounds thrive in emerging industries.

Financially, KeyCorp remains robust with a Common Equity Tier 1 ratio of 10.3% as of the first quarter of 2024. Despite challenges such as higher interest rates impacting net interest income and margin, the company continues to show resilience with steady customer deposits and low nonperforming loan ratios. The company declared a dividend of $0.205 per common share for the first quarter, reflecting its strong capital position.

For more information about KeyCorp's services, financial performance, and community initiatives, visit their official website at https://www.key.com.

News

Genesis Housing Corporation in Eastern Pennsylvania Awarded $150,000 From KeyBank Foundation

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KeyBank partners with Genesis Housing Corporation to develop an energy efficiency program for income-qualified families in Montgomery County, PA. The $150,000 grant will fund energy audits and improvements, including LED light bulbs and insulation, to lower energy costs and provide more comfortable homes. KeyBank's investment is part of a $40 billion community investments plan focused on economic access and equity.
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Vine Maple Place Receives $200,000 Grant From KeyBank

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KeyBank grants $200,000 to Vine Maple Place to support Stable Families Program, aiding single-parent families facing homelessness in Maple Valley and Kent.
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Latino Network Hosts Fundraiser and Receives $300,000 Grant From KeyBank

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KeyBank grants $300,000 to Latino Network to enhance college and career readiness programs for local Latino students. The funds will support the Escalera and Fuerza programs, providing financial literacy, mental health, and academic success workshops. Latino Network aims to expand opportunities for students in high school and post-secondary education.
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KEY PRIVATE BANK WINS AWARD FOR 'PRIVATE BANKING CLIENT SERVICE' AT THE 2024 PRIVATE ASSET MANAGEMENT AWARDS

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Key Private Bank, a division of KeyCorp, wins the 'Private Banking Client Service' award at the PAM Awards in New York City. The award recognizes their industry-leading services and innovative wealth management solutions for high-net-worth clients.
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KeyBank Provides $18.1 Million of Financing for the Construction of New Affordable Single Family Homes in Cleveland

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KeyBank CDLI invests $10.2 million in Henrietta Homes, a development of 40 lease-to-purchase affordable homes in Cleveland, Ohio, targeting low to moderate-income families.
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YWCA Receives $240,000 Grant from KeyBank

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KeyBank has granted $240,000 to YWCA Seattle | King | Snohomish to support the Child Advocacy Program at YWCA's Pathways for Women, an emergency shelter in Lynnwood, WA. The grant will provide critical resources for families experiencing homelessness, including specialized support for youth to enhance academic success and assist unhoused mothers with childcare planning and navigating school systems. The Child Advocacy Program will expand its focus to help youth improve overall well-being and heal from trauma, while broadening its reach to serve children and parents living at three additional YWCA housing sites in the Lynnwood area.
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KeyBank Foundation Awards $100,000 Grant To Make the Road To Support ESOL Classes for Low-Income Immigrants in Westchester

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KeyBank announces a $100,000 community impact grant to Make The Road New York to support the Westchester Adult Education Project, benefiting low-income immigrant adults in Westchester with English to Speakers of Other Languages (ESOL) and Civics classes. The grant will help at least 40 ESOL students each year, supporting them in improving their communication skills to better integrate into the community and live more economically stable and healthier lives. This initiative is part of KeyBank's $40 billion community investments plan focused on economic access and equity to communities across the country.
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$500,000 Investment from KeyBank will Help CenterState CEO Expand Business Coaching and Technical Assistance Programs for BIPOC, Women and Veteran-owned Firms

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KeyBank's $500,000 investment in CenterState CEO will support the expansion of business coaching, technical assistance programs, and direct lending to underrepresented BIPOC, women, and veteran-owned firms in Central New York. This investment is part of KeyBank's commitment to invest $40 billion in the communities it serves and support diversity, equity, and inclusion efforts. The funding will help marginalized entrepreneurs access the assistance and financing they need to build successful futures and generational wealth. It will also play a significant role in scaling efforts to expand access to business financing for under-capitalized founders, supporting the launch and growth of underrepresented and BIPOC firms through training, coaching, and technical assistance, and providing direct lending to and investment in undercapitalized firms via CenterState CEO's Growth + Equity Fund. KeyBank's investment aims to address equity gaps and scale the economic impact on entrepreneurs from historically disinvested populations and neighborhoods, ultimately contributing to building strong neighborhoods and economies.
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KeyBank Relocates Meridian Branch to West Chinden Boulevard

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KeyBank recently opened a new full-service branch in Meridian, Idaho, replacing the former East Chinden Boulevard branch with the new 'Spurwing' branch. The ribbon-cutting celebration included a $3,000 donation to the Boys and Girls Clubs of Ada County to support their programs and mission to empower young people, especially those in need.
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KEYCORP TO PRESENT AT THE BANK OF AMERICA SECURITIES 2024 FINANCIAL SERVICES CONFERENCE

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KeyCorp (NYSE: KEY) announced that Chris Gorman, Chairman and CEO, will present at the Bank of America Securities Financial Services Conference. KeyCorp, with assets of approximately $188 billion, provides a range of financial services to individuals and businesses in 15 states. The live webcast of the conference will be available on www.key.com/ir.
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FAQ

What is the current stock price of KeyCorp (KEY)?

The current stock price of KeyCorp (KEY) is $19 as of November 19, 2024.

What is the market cap of KeyCorp (KEY)?

The market cap of KeyCorp (KEY) is approximately 19.0B.

What services does KeyCorp offer?

KeyCorp provides a range of financial services including deposit, lending, cash management, investment services, and sophisticated corporate and investment banking products.

Where is KeyCorp headquartered?

KeyCorp is headquartered in Cleveland, Ohio.

How many branches and ATMs does KeyCorp operate?

KeyCorp operates approximately 1,000 branches and 1,200 ATMs across 15 states.

What is KeyCorp's asset size?

As of March 31, 2024, KeyCorp has assets of approximately $187 billion.

What recent mortgage product did KeyCorp introduce?

KeyCorp recently introduced Freddie Mac's Home Possible® mortgage loan to offer more options and credit flexibilities for eligible individuals.

Who are Key Wealth's target clients?

Key Wealth targets high net worth (HNW) and ultra-high net worth (UHNW) clients.

What are some of KeyCorp's community initiatives?

KeyCorp invests in affordable housing, small business support, and educational programs, including clean energy career preparation and skilled trade programs for youth.

What is KeyCorp's Common Equity Tier 1 ratio?

KeyCorp's Common Equity Tier 1 ratio was 10.3% as of the first quarter of 2024.

How can I get more information on KeyCorp?

For more information, visit KeyCorp's official website at https://www.key.com.

What dividend did KeyCorp declare for the first quarter of 2024?

KeyCorp declared a dividend of $0.205 per common share for the first quarter of 2024.

Stock KEY logo
KeyCorp

NYSE:KEY

KEY Rankings

#571 Ranked by Market Cap
#679 Ranked by Dividends

KEY Stock Data

19.00B
987.28M
0.34%
82.85%
1.77%
Banks - Regional
National Commercial Banks
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United States of America
CLEVELAND