KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of February 25, 2021, it operated through a network of approximately 1,000 branches and 1,400 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp, through its subsidiary, KeyBank National Association, has a strategic alliance with XUP, Inc. to provide digital and physical merchant services. The company was founded in 1849 and is headquartered in Cleveland, Ohio.
IPO Year:
Exchange: NYSE
Website: key.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | $19.00 | Buy → Neutral | Citigroup |
| 10/14/2024 | $18.00 → $17.00 | Outperform → Neutral | Robert W. Baird |
| 7/8/2024 | $16.00 → $15.00 | Buy → Neutral | UBS |
| 1/9/2024 | $10.00 → $17.00 | Hold → Buy | Jefferies |
| 1/8/2024 | Mkt Perform | Raymond James | |
| 12/20/2023 | Equal-Weight → Overweight | Stephens | |
| 12/14/2023 | $12.00 → $16.00 | Overweight | Wells Fargo |
| 11/6/2023 | $12.50 → $15.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 10/4/2023 | Underperform → Peer Perform | Wolfe Research | |
| 9/15/2023 | $12.00 → $13.50 | Neutral → Overweight | Piper Sandler |
SCHEDULE 13D - KEYCORP /NEW/ (0000091576) (Subject)
8-K/A - KEYCORP /NEW/ (0000091576) (Filer)
8-K - KEYCORP /NEW/ (0000091576) (Filer)
8-K - KEYCORP /NEW/ (0000091576) (Filer)
10-Q - KEYCORP /NEW/ (0000091576) (Filer)
8-K - KEYCORP /NEW/ (0000091576) (Filer)
8-K - KEYCORP /NEW/ (0000091576) (Filer)
8-K - KEYCORP /NEW/ (0000091576) (Filer)
8-K - KEYCORP /NEW/ (0000091576) (Filer)
8-K - KEYCORP /NEW/ (0000091576) (Filer)
Citigroup downgraded KeyCorp from Buy to Neutral and set a new price target of $19.00
Robert W. Baird downgraded KeyCorp from Outperform to Neutral and set a new price target of $17.00 from $18.00 previously
UBS downgraded KeyCorp from Buy to Neutral and set a new price target of $15.00 from $16.00 previously
Jefferies upgraded KeyCorp from Hold to Buy and set a new price target of $17.00 from $10.00 previously
Raymond James initiated coverage of KeyCorp with a rating of Mkt Perform
Stephens upgraded KeyCorp from Equal-Weight to Overweight
Wells Fargo reiterated coverage of KeyCorp with a rating of Overweight and set a new price target of $16.00 from $12.00 previously
Keefe Bruyette upgraded KeyCorp from Mkt Perform to Outperform and set a new price target of $15.00 from $12.50 previously
Wolfe Research upgraded KeyCorp from Underperform to Peer Perform
Piper Sandler upgraded KeyCorp from Neutral to Overweight and set a new price target of $13.50 from $12.00 previously
3 - KEYCORP /NEW/ (0000091576) (Issuer)
3 - KEYCORP /NEW/ (0000091576) (Issuer)
3 - KEYCORP /NEW/ (0000091576) (Issuer)
4 - KEYCORP /NEW/ (0000091576) (Issuer)
4 - KEYCORP /NEW/ (0000091576) (Issuer)
4 - KEYCORP /NEW/ (0000091576) (Issuer)
4 - KEYCORP /NEW/ (0000091576) (Issuer)
4 - KEYCORP /NEW/ (0000091576) (Issuer)
4 - KEYCORP /NEW/ (0000091576) (Issuer)
4 - KEYCORP /NEW/ (0000091576) (Issuer)
SC 13G/A - KEYCORP /NEW/ (0000091576) (Subject)
SC 13G/A - KEYCORP /NEW/ (0000091576) (Subject)
SC 13G/A - KEYCORP /NEW/ (0000091576) (Subject)
SC 13G/A - KEYCORP /NEW/ (0000091576) (Subject)
SC 13G/A - KEYCORP /NEW/ (0000091576) (Subject)
SC 13G - KEYCORP /NEW/ (0000091576) (Subject)
SC 13G/A - KEYCORP /NEW/ (0000091576) (Subject)
CLEVELAND, Jan. 15, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Mohit (Mo) Ramani will join Key as Chief Risk Officer (CRO), effective January 23, 2025. "I am very pleased to welcome Mo to Key," said Chris Gorman, Chairman and Chief Executive Officer of KeyCorp. "I am confident that with Mo's leadership, experience, and expertise we will continue to elevate our risk management practices and culture, further enabling strong, profitable growth for Key." Mo joins Key from Truist Financial Corporation where he has served in increasingly senior roles since 2016, most recently, as Deputy Chief Risk Officer. Prior to joining Truist, Mo played a variety of leadership roles with firms such
CLEVELAND, Jan. 6, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Robert Weiss has joined the company as Head of Key Family Wealth where he will collaborate across the enterprise to grow the ultra-high net worth client segment. He is based in New York City and reports to Key Wealth President Joe Skarda. "Robert is a proven leader in the wealth management industry," said Skarda. "He brings a high level of expertise, values and client dedication aligned with our approach and overall strategy. I am confident he will deliver value for our business, clients and teams." "I am pleased to join Key Wealth at a time of tremendous growth," said Weiss. "The industry-leading capabilities that Jo
CLEVELAND, Feb. 26, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Douglas M. Schosser, currently Chief Accounting Officer, will be leaving the company to pursue a senior executive position at another company, effective March 15, 2024. Stacy L. Gilbert will succeed him as KeyCorp's Chief Accounting Officer at that time. Stacy has served as Corporate Controller of KeyCorp since August 2023. She previously served as Assistant Corporate Controller and Senior Director of External Reporting and Accounting Policy. Stacy first joined Key in 2002, holding a variety of accounting roles, before leaving to join FirstMerit Corporation in 2008. She re-joined Key in 2016. "I would like to congratu
CLEVELAND, Jan. 10, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Vernon Patterson, Director of Investor Relations, will retire in the spring of 2024, and will be succeeded by Brian Mauney, effective March 1. "Vern has made a lasting impact on the way Key shares its financial story to our shareholders, clients, and teammates over the course of his 30 years at the company," said Chris Gorman, Chairman and Chief Executive Officer, KeyCorp. "His leadership, wise counsel, and focus on building strong relationships with our investors and equity analysts have helped Key navigate both prosperous and challenging times over the years." "I am pleased to welcome Brian to Key as our Director of
Appoints Industry Veterans Thomas X. Geisel as CEO and Michael W. Harrington as CFO Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic First" or the "Company"), the holding company for Republic First Bank d/b/a Republic Bank, today announced several leadership changes. Thomas ("Tom") X. Geisel has been appointed Chief Executive Officer and President, and as a member of the Board of Directors (the "Board"), effective immediately. Mr. Geisel has a diverse financial services background, including leadership experience growing regional banks for more than twenty years – most recently as President, Corporate Banking, at Webster Bank (formally known as Sterling National Bank). Additionally,
CLEVELAND, Nov. 17, 2022 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Donald R. Kimble, Chief Financial Officer (CFO) and Chief Administrative Officer, will retire on May 1, 2023. He will be succeeded by Clark H.I. Khayat, currently Chief Strategy Officer. "Don is a highly respected leader both inside and outside our company, using his expertise to help shape our strategy and position Key for sound, profitable growth," said Christopher M. Gorman, Chairman and Chief Executive Officer of KeyCorp. "On a personal note, I want to thank Don for his tireless commitment, sound judgement, and steadfast leadership." "I want to congratulate Clark on his planned succession as KeyCorp's Chief Fina
CLEVELAND, May 24, 2021 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that L. Waters will be joining the bank as General Counsel and Corporate Secretary effective July 6, 2021. Mr. Waters will lead Key's Law Group and serve as the company's senior legal officer. "James is a seasoned legal professional with significant experience, having served as General Counsel and Corporate Secretary. His experience and skill-set in the critical areas of law and banking, will be essential as we continue to grow our company," said Chris Gorman, Chairman and Chief Executive Officer of KeyCorp
CLEVELAND, Jan. 14, 2021 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2021: A cash dividend of $0.185 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on March 15, 2021 to holders of record of such Common Shares as of the close of business on March 2, 2021; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on March 15, 2021 to holders of record as of the close of business on
CLEVELAND, Jan. 16, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2025: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE:KEY). The dividend is payable on March 14, 2025, to holders of record of such Common Shares as of the close of business on March 4, 2025;A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on March 17, 2025 to holders of record as of the close of business on March
CLEVELAND, Jan. 15, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Mohit (Mo) Ramani will join Key as Chief Risk Officer (CRO), effective January 23, 2025. "I am very pleased to welcome Mo to Key," said Chris Gorman, Chairman and Chief Executive Officer of KeyCorp. "I am confident that with Mo's leadership, experience, and expertise we will continue to elevate our risk management practices and culture, further enabling strong, profitable growth for Key." Mo joins Key from Truist Financial Corporation where he has served in increasingly senior roles since 2016, most recently, as Deputy Chief Risk Officer. Prior to joining Truist, Mo played a variety of leadership roles with firms such
One-third of Americans feel daily anxiety due to debt, but are closer to their money goals than financial stress indicates CLEVELAND, Jan. 14, 2025 /PRNewswire/ -- Financial imposter syndrome refers to the self-doubt many people feel when it comes to their financial skills and money moves versus the actual reality of their financial picture. While Americans report they currently feel financial stress, KeyBank's annual Financial Mobility Survey, released today, found that Americans are closer to their personal financial comfort goals than they may realize. KeyBank found that,
CLEVELAND, Jan. 6, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Robert Weiss has joined the company as Head of Key Family Wealth where he will collaborate across the enterprise to grow the ultra-high net worth client segment. He is based in New York City and reports to Key Wealth President Joe Skarda. "Robert is a proven leader in the wealth management industry," said Skarda. "He brings a high level of expertise, values and client dedication aligned with our approach and overall strategy. I am confident he will deliver value for our business, clients and teams." "I am pleased to join Key Wealth at a time of tremendous growth," said Weiss. "The industry-leading capabilities that Jo
CLEVELAND, Dec. 27, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected. With this investment, Scotiabank (TSX:BNS) (NYSE:BNS) now owns approximately 14.9% of KeyCorp's common stock. The parties received Federal Reserve approval for the transaction on December 12, 2024. This purchase completes Scotiabank's strategic minority investment in KeyCorp pursuant to the agreement announced on August 12, 2024. About KeyCorpKeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the n
CLEVELAND, Dec. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) and its banking affiliates have lowered their prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. About KeyCorpKeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $190 billion at September 30, 2024. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also pr
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
CLEVELAND, Dec. 13, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that all required regulatory approvals have been received for completion of The Bank of Nova Scotia's ("Scotiabank") strategic minority investment in Key as announced on August 12, 2024. The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024. The initial investment of 4.9% was completed on August 30, 2024. "We are pleased to receive final regulatory approval from the Federal Reserve to complete the strategic minority investment we announced in August," said KeyCorp Chairman and Chief Executiv
CLEVELAND, Nov. 22, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will speak at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2024, at 11:20 a.m. ET in New York City. KeyCorp plans to review its performance, strategy, and outlook, and the discussion may include forward-looking statements and other material information. The live audio webcast of the conference call will be available at www.key.com/ir. If you are unable to join the live conference call, or wish to hear a re-broadcast, access www.key.com/ir and select Events & Presentations. KeyCorp's roots trace back nearly 200 years to Albany, New Yo
CLEVELAND, Nov. 21, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that its Board of Directors declared the following dividends for the fourth quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE:KEY). The dividend is payable on December 13, 2024, to holders of record of such Common Shares as of the close of business on December 3, 2024;A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on December 16, 2024 to holders of record as of the close of business
CLEVELAND, Jan. 16, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2025: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE:KEY). The dividend is payable on March 14, 2025, to holders of record of such Common Shares as of the close of business on March 4, 2025;A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on March 17, 2025 to holders of record as of the close of business on March
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
CLEVELAND, Nov. 22, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will speak at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2024, at 11:20 a.m. ET in New York City. KeyCorp plans to review its performance, strategy, and outlook, and the discussion may include forward-looking statements and other material information. The live audio webcast of the conference call will be available at www.key.com/ir. If you are unable to join the live conference call, or wish to hear a re-broadcast, access www.key.com/ir and select Events & Presentations. KeyCorp's roots trace back nearly 200 years to Albany, New Yo
CLEVELAND, Nov. 21, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that its Board of Directors declared the following dividends for the fourth quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE:KEY). The dividend is payable on December 13, 2024, to holders of record of such Common Shares as of the close of business on December 3, 2024;A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on December 16, 2024 to holders of record as of the close of business
CLEVELAND, Oct. 30, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that Ken Gavrity, Head of Commercial Banking, and Clark Khayat, Chief Financial Officer, will present at The BancAnalysts Association of Boston Conference on Friday, November 8, 2024, at 10:35 a.m. ET in Boston. KeyCorp plans to review its performance, strategy, and outlook. The live audio webcast of the conference call will be available at www.key.com/ir. If you are unable to join the live conference call, or wish to hear a re-broadcast, access www.key.com/ir and select Events & Presentations. KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation'
Received initial $821 million tranche of strategic minority investment from Scotiabank; Common Equity Tier 1 ratio of 10.8% and Tangible Common Equity ratio of 6.2%(b) Net interest income up 7% quarter-over-quarter, with average deposits up 2.5%; Client deposits were up 4% year-over-year Continued strong fee momentum across investment banking, commercial mortgage servicing, commercial payments, and wealth management Nonperforming assets and provision for credit losses were stable to improved quarter-over-quarter CLEVELAND, Oct. 17, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced net loss from continuing operations attributable to Key common shareholders of $(447) million, or $(.47)
CLEVELAND, Aug. 22, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that Clark Khayat, Chief Financial Officer, will present at The Barclays Global Financial Services Conference on Monday, September 9, 2024, at 2:45 p.m. ET in New York City. KeyCorp plans to review its performance, strategy, and outlook. The live audio webcast of the conference call will be available at www.key.com/ir. If you are unable to join the live conference call, or wish to hear a re-broadcast, access www.key.com/ir and select Events & Presentations. KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial service
Opportunistic capital raise on attractive terms Accelerates capital and earnings improvement; capital raise estimated to result in pro forma CET1 of 12.4% Further strengthens Key's capacity for growth CLEVELAND, Aug. 12, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced it has reached an agreement under which The Bank of Nova Scotia ("Scotiabank") (TSX:BNS) (NYSE:BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% pro forma common stock ownership, for a fixed price of $17.17 per share. "Scotiabank approached us with a unique opportunity to raise capital on attractive terms. While we continue to be comfortable with
Average deposits up $1.3 billion compared to the prior quarter and the second quarter of 2023, with client deposits up 5% year-over-year Disciplined expense management: expenses declined approximately 6% from the prior quarter and were stable versus the year-ago period Common Equity Tier 1 ratio rose 20 basis points to 10.5%(a) Credit quality remains solid: net charge-offs to average loans of 34 basis points CLEVELAND, July 18, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced net income from continuing operations attributable to Key common shareholders of $237 million, or $.25 per diluted common share, for the second quarter of 2024. Net income from continuing operations attributable
CLEVELAND, July 10, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE:KEY). The dividend is payable on September 13, 2024, to holders of record of such Common Shares as of the close of business on August 27, 2024;A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on September 16, 2024 to holders of record as of the close of business