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 |
|---|---|---|---|
| 4/7/2025 | $18.00 | Neutral → Outperform | Robert W. Baird |
| 3/10/2025 | $20.00 | Neutral → Buy | Citigroup |
| 2/3/2025 | $18.50 | Neutral | 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 |
CLEVELAND, May 9, 2025 /PRNewswire/ -- Key Family Wealth, the multi-family office division of Key Wealth, was named "Best Family Wealth Solution" for its enhanced legacy planning services at the 2025 Family Wealth Report (FWR) awards. Cathy O'Malley Kearney, national head of Key Private Bank, was also recognized with a leadership award, 'Woman in Wealth Banking' for her leadership in the wealth management industry. The annual FWR awards recognizes the most innovative and exceptional firms, teams and individuals serving the family office, family wealth and trusted advisor commu
The program empowers business owners to navigate the complexities of their financial operations. CLEVELAND, May 5, 2025 /PRNewswire/ -- KeyBank (NYSE:KEY) has introduced the Certified Cash Flow Advisor Program, marking a significant advancement in its commitment to deliver differentiated solutions and advice for small-to-midsize businesses. The certification program is reshaping business banking by focusing on a consultative approach that empowers owner-operators in addressing their complex financial needs. Launched in 2024, the Program arms KeyBank professionals with a framew
State of the art museum with interactive exhibits highlights the bank's 200-year history and shows that yesterday, today, and tomorrow, Key will be here to serve clients and communities CLEVELAND, April 30, 2025 /PRNewswire/ -- Today, as part of its bicentennial celebration, KeyBank (NYSE:KEY) held a grand opening at its new Heritage Center in Cleveland. As part of the celebration, KeyCorp Chairman and CEO Chris Gorman took part in a ribbon cutting with Key teammates and local dignitaries. "The opening of the KeyBank Heritage Center is a centerpiece of our bicentennial celebra
Revenue of $1.8 billion, up 16% year-over-year; noninterest expense down 1% year-over-year Net interest income up 4% quarter-over-quarter Improved credit metrics - nonperforming assets declined by 9% and net charge-offs by 4% quarter-over-quarter Common equity tier 1 ratio of 11.8%, up ~150 basis points year-over-year CLEVELAND, April 17, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced net income from continuing operations attributable to Key common shareholders of $370 million, or $.33 per diluted common share for the first quarter of 2025. For the fourth quarter of 2024, KeyCorp reported a net loss from continuing operations attributable to Key common shareholders of $(279) million
NEW YORK, April 10, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on April 10th The S&P 500 soared nine percent for its third biggest gain in 80 years after President Donald Trump's tariff tone down spurred a historic rally on Wall Street. The United States adjusted its tariffs on most countries except China, and this morning, the European Union announced it would pause its countermeasures against the United States for 90 days.Today begins the first of
While many believe owning a home is not an attainable goal for themselves nor the average American, potential homeowners do have access to more financial tools and education and are more capable than they think on their journeys toward homeownership CLEVELAND, April 1, 2025 /PRNewswire/ -- Owning a home is a pillar of the American dream and a sign of prosperity, wealth and success. It instills a sense of pride and belonging in individuals and communities. But today, the reality for homebuyers and potential homebuyers in America continues to be sobering. KeyBank's 2025 Financial Mobility Survey found that many believe owning a home is not an attainable goal for themselves nor the average Ame
Nine middle market and three small business awards recognize the advice, service and satisfaction Key provides to clients and reflects commitment to building relationships based on trust CLEVELAND, March 24, 2025 /PRNewswire/ -- KeyBank (NYSE:KEY) is being recognized for its support of small and middle market business clients with twelve 2025 Best Bank Awards in middle market banking and small business. These awards reflect Key's sophisticated platform and depth of expertise for growth companies as well as its commitment to helping small businesses grow and run better. KeyBa
Liquidity, the global multibillion dollar AUM asset manager specializing in growth-stage private credit, today announced the closing of a structured credit facility of up to $450 million. The facility is anchored by senior debt from KeyBank (NYSE:KEY), with the remaining facility populated with mezzanine and equity. The initial commitment from KeyBank is $75 million, which is expected to scale to $250 million, and is aimed at supporting the expansion of Liquidity's lending capabilities in the US market. Leveraging its proprietary AI-enabled investing platform, Liquidity will use the facility to originate credit deals with growth and late-stage technology companies. "The credit facility wit
CLEVELAND, March 13, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced that its Board of Directors has authorized a share repurchase program pursuant to which KeyCorp may purchase up to $1.0 billion of KeyCorp common shares, in the open market or in privately negotiated transactions. The company intends to begin repurchasing shares in the second half of 2025. The timing and price of repurchases as well as the actual number of shares repurchased under the program will be at the discretion of KeyCorp and will depend on a variety of factors, including general market conditions, the stock price, regulatory requirements and limitations, corporate liquidity requirements and priorities, and o
BERWYN, Pa., March 3, 2025 /PRNewswire/ -- Key Wealth, the wealth management business of KeyBank and Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, announced today that they have expanded their multi-year relationship. This collaboration will deliver Key Wealth advisors a comprehensive next-generation wealth management platform, equipping them with cutting-edge tools to help clients navigate increasingly complex financial needs. Through this enhanced relationship, Key Wealth advisors will gain full access to Envestnet's industr
Robert W. Baird upgraded KeyCorp from Neutral to Outperform and set a new price target of $18.00
Citigroup upgraded KeyCorp from Neutral to Buy and set a new price target of $20.00
Analyst resumed coverage of KeyCorp with a rating of Neutral and set a new price target of $18.50
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
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Revenue of $1.8 billion, up 16% year-over-year; noninterest expense down 1% year-over-year Net interest income up 4% quarter-over-quarter Improved credit metrics - nonperforming assets declined by 9% and net charge-offs by 4% quarter-over-quarter Common equity tier 1 ratio of 11.8%, up ~150 basis points year-over-year CLEVELAND, April 17, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced net income from continuing operations attributable to Key common shareholders of $370 million, or $.33 per diluted common share for the first quarter of 2025. For the fourth quarter of 2024, KeyCorp reported a net loss from continuing operations attributable to Key common shareholders of $(279) million
CLEVELAND, Jan. 31, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will speak at the Bank of America Securities 2025 Financial Services Conference on Tuesday, February 11, 2025, at 8:00 a.m. ET in Miami. 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 webcast, or wish to hear a re-broadcast, access www.key.com/ir and select Events & Presentations. ABOUT KEYCORPIn 2025, KeyCorp celebrates its bicentennial, m
Revenue of $865 million; Adjusted for selected items(a), revenue up 16% year-over-year Net interest income up 10% linked quarter Momentum across investment banking, payments, and wealth management fees up 27% year-over-year Common Equity Tier 1 ratio increased 120 basis points quarter-over-quarter to 12%(b) CLEVELAND, Jan. 21, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) today announced a net loss from continuing operations attributable to Key common shareholders of $(279) million, or $(.28) per diluted common share, or adjusted net income of $378 million or $.38 per diluted common share(a), for the fourth quarter of 2024. Included in the fourth quarter of 2024 are $(657) million, or $(.66) per d
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
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