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 that Chairman and CEO Chris Gorman and Vice Chairman and CFO Don Kimble will present at the virtual Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 10:40 a.m. ET. The presentation will cover KeyCorp's performance, strategy, and outlook. Interested parties can access the live audio webcast and presentation materials at www.key.com/ir. KeyCorp, headquartered in Cleveland, Ohio, has assets of approximately $170.5 billion as of September 30, 2020, and serves clients through over 1,000 branches across 15 states.
KeyBank has appointed Eric Fiala as Head of Corporate Responsibility, overseeing community engagement and ESG initiatives. Gwen Robinson has been hired to lead the CRA team, aiming to maintain the bank's 'Outstanding' CRA rating. KeyBank promotes Kawanza Humphrey and Stacy Thompson to regional Corporate Responsibility Managers. The bank has a strong history of responsible banking, recently launching a $16.5 billion Community Benefits Plan. Additionally, it committed $18 million in philanthropic efforts in response to COVID-19, showcasing a commitment to supporting low-income communities.
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KeyCorp (NYSE: KEY) will announce its fourth quarter 2020 earnings on January 21, 2021, before market opening. A conference call scheduled for 10:00 a.m. ET will discuss financial results, strategy, and outlook. KeyCorp, headquartered in Cleveland, Ohio, is among the largest bank-based financial services firms in the U.S., with around $170.5 billion in assets as of September 30, 2020. The company operates over 1,000 branches and provides a range of financial services.
KeyCorp (NYSE: KEY) announced that its Chairman and CEO, Chris Gorman, along with Vice Chairman and CFO Don Kimble, will present at the virtual BancAnalysts Association of Boston Conference on November 5, 2020, at 8:50 a.m. ET. The presentation will focus on the company's performance, strategy, and outlook. A live audio webcast and presentation materials will be accessible at www.key.com/ir. KeyCorp is headquartered in Cleveland, Ohio, with assets of approximately $170.5 billion as of September 30, 2020.
KeyCorp reported a net income of $397 million, or $0.41 per diluted share, for Q3 2020, a significant increase from $159 million in Q2 2020. This reflects a year-over-year income rise of 3.7%. Revenue grew by 3% driven by higher loan and deposit volumes, bolstered by the Paycheck Protection Program. However, noninterest expenses rose by 10.4% due to pandemic-related costs. The Common Equity Tier 1 ratio improved to 9.5%. The bank remains committed to strong risk management despite economic challenges, reflecting confidence in its future growth.
KeyBank has achieved significant recognition in small business lending, ranking 7th nationally for SBA 7(a) loans in FY 2020, with $316 million in approved loans. This follows its success in the Paycheck Protection Program, where it facilitated over $8.1 billion for more than 43,000 small businesses. KeyBank also received top rankings in various districts, notably number one in Indiana. The bank's commitment to supporting small businesses remains strong, with ongoing investments in its team and services to aid economic recovery.
On October 2, 2020, KeyBank was recognized as a top franchise supplier by Entrepreneur magazine, securing the 8th position in the Franchise Finance category for the second consecutive year. This accolade reflects KeyBank's commitment to empowering franchisees amid market uncertainties. The bank expanded its Franchise Finance Team to enhance service delivery and offers a comprehensive range of banking solutions. KeyBank is also a leading SBA lender and played a critical role in administering the Payroll Protection Program during the pandemic, aiding over 40,000 businesses in accessing capital.
Key Private Bank, the wealth management division of KeyCorp (NYSE: KEY), has been awarded the 2020 Wealth Management "Trusts" Industry Award, marking its second consecutive win. This recognition highlights Key's advancements in trust and fiduciary initiatives. The awards, judged by industry experts, evaluate both quantitative and qualitative measures. Key Private Bank oversees approximately $41 billion in assets under management as of August 30, 2020, emphasizing its capability to assist affluent families in wealth management.
KeyCorp (NYSE: KEY) will announce its third quarter 2020 earnings on October 21, 2020, before market opening. A conference call is scheduled for 9:00 a.m. ET to discuss financial results, strategy, and outlook. KeyCorp, headquartered in Cleveland, Ohio, has approximately $171.2 billion in assets and operates over 1,000 branches across 15 states. The bank provides various financial services, including lending and investment banking products through KeyBanc Capital Markets. For further details, visit www.key.com.