In a recent analyst note by Goldman Sachs, the outlook for several regional banks were evaluated based on their recent second-quarter 2024 earnings reports. Among the banks examined included KeyCorp (NYSE:KEY), M&T Bank Corp (NYSE:MTB), Regions Financial Corp (NYSE:RF), Truist Financial Corp (NYSE:TFC), U.S. Bancorp (NYSE:USB) and Zions Bancorporation NA (NASDAQ:ZION). Lead analyst Ryan Nash and team highlighted key metrics, growth projections and credit performances, offering a comprehensive analysis of each bank’s standing and market outlook. KeyCorp KeyCorp’s second-quarter 2024 EPS results were mixed. The bank saw a slight beat on fees and managed lower expenses, which offset a

RBC Capital analyst Robert Kwan maintains KeyCorp (NYSE:KEY) with a Outperform and raises the price target from $16 to $17.

DA Davidson analyst Peter Winter maintains KeyCorp (NYSE:KEY) with a Buy and raises the price target from $16 to $18.

Wedbush analyst David Chiaverini maintains KeyCorp (NYSE:KEY) with a Neutral and raises the price target from $15 to $16.

KeyCorp's (NYSE:KEY) short percent of float has fallen 17.91% since its last report. The company recently reported that it has 29.89 million shares sold short, which is 4.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.05 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i

KeyCorp (NYSE:KEY) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. The company reported quarterly sales of $1.526 billion which beat the analyst consensus estimate of $1.525 billion by 0.05 percent. This is a 4.33 percent decrease over sales of $1.595 billion the same period last year.

UBS analyst Erika Najarian downgrades KeyCorp (NYSE:KEY) from Buy to Neutral and lowers the price target from $16 to $15.

KeyCorp's (NYSE:KEY) short percent of float has risen 23.02% since its last report. The company recently reported that it has 36.43 million shares sold short, which is 4.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.92 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im

The latest Federal Reserve stress test results have highlighted “the inherent opacity” of the Fed evaluation process, according to Bank of America analyst Ebrahim H. Poonawala. The tests, which assess the resilience of banks under severe economic scenarios, revealed a wide range of impacts on minimum capital requirements. Overall, they demonstrated that the institutions have sufficient buffers to weather the storm, albeit with higher-than-expected losses. Bank Of America’s Key Insights From the Stress Test Results ‘Goldman Sachs Worst Hit’: Goldman Sachs (NYSE:GS) experienced the largest year-over-year increase in its stress capital buffer (SCB), rising by 100 basis points (bps), wh

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, Nov. 19, 2024 /PRNewswire/ -- KeyBank (NYSE:KEY) announced an expansion of its commercial banking business in Chicago and Southern California to serve more middle market clients with their differentiated platform – which includes a full range of commercial lending and capital markets capabilities as well as payments solutions designed specifically for the segment. "Chicago and Southern California are two of the largest concentrations of middle market businesses in the country, where our unique platform gives us a competitive advantage," said Ken Gavrity, president of Key Commercial Bank. "We're excited to bring the full scope of operations to these areas where our robust capital m

Poll also found many are preparing for growth, including hiring CLEVELAND, Nov. 14, 2024 /PRNewswire/ -- With the election now behind us, many business owners are planning for 2025. A recent KeyBank Small Business Flash Poll found 61% of respondents indicated they were likely to seek clarity and hold off on major business decisions until after the election, while only 12% said the election would have no impact on their 2025 planning. The poll also found business owners anticipate policy shifts will most affect areas such as:   Taxation (45%)Regulations (34%)Trade policies (31%

CLEVELAND, Nov. 7, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) and its banking affiliates have lowered their prime lending rate to 7.75 percent from 8.00 percent, effective tomorrow, Nov. 8, 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 KeyBa

CLEVELAND, Nov. 7, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today the cancellation of its presentation and webcast at the BancAnalysts Association of Boston Conference, originally scheduled to take place tomorrow, November 8, 2024, at 10:35 a.m. ET, due to a contagious illness (walking pneumonia). 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 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 Assoc

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'

15th annual report suggests AI and macro-economic optimism as drivers of growth in 2025 SAN FRANCISCO and MENLO PARK, Calif., Oct. 23, 2024 /PRNewswire/ -- KeyBanc Capital Markets (KBCM), the corporate and investment banking unit of KeyCorp (NYSE:KEY), in partnership with Sapphire Ventures, a global software venture capital firm backing companies of consequence, released results from its 15th annual Private SaaS Company Survey, the benchmarking report by which the SaaS industry measures financial and operating performance. This year's survey included more than 100 private software as a service (SaaS) companies revealing a continued focus on efficient execution and profitability — a resoundin

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)

Program has helped 200 clients across America achieve sustainable and affordable homeownership CLEVELAND, Sept. 30, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $1 million in KeyBank Neighbors First Credits, helping 200 clients achieve their dream of homeownership in areas where the program is available. This milestone is the latest KeyBank has achieved since launching this program in July 2023. The KeyBank Neighbors First Crediti is a Special Purpose Credit Program that provides $5,000 toward closing costs and other pre-paid fees that may come wi

AI and automation contribute to optimism despite macroeconomics impacting bottom line CLEVELAND, Sept. 26, 2024 /PRNewswire/ -- KeyBank (NYSE:KEY) announced the release of its semi-annual Middle Market Sentiment Report, which surveyed more than 700 business owners and executives of companies with $10 million to $1 billion in annual revenue, to gather their insights on the current economic and company outlook, challenges currently affecting their businesses, and their growth plans for the year ahead. What's At Stake Middle market businesses represent a large portion of private sector GDP and make up a critical yet often overlooked segment of our national economy. Despite setbacks, the results

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

CLEVELAND, June 4, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that Clark Khayat, Chief Financial Officer, and Daniel Heberle, President, KeyBank Real Estate Capital, will present at the Morgan Stanley US Financials, Payments, & CRE Conference on Tuesday, June 11, 2024, at 3:15 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 Ev

CLEVELAND, May 22, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will present at the Bernstein Annual Strategic Decisions Conference on Wednesday, May 29, 2024, at 4:30 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 finan

CLEVELAND, May 9, 2024 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced today that its Board of Directors declared the following dividends for the second 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 June 14, 2024, to holders of record of such Common Shares as of the close of business on May 28, 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 June 17, 2024 to holders of record as of the close of business on June 3, 20

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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