News & Videos - KEYCORP

KeyBank Appoints Robert Weiss to Lead Family Wealth Business PR Newswire CLEVELAND, Jan. 6, 2025 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...

KEYCORP AND SCOTIABANK COMPLETE STRATEGIC MINORITY INVESTMENT PR Newswire CLEVELAND, Dec. 27, 2024 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...

KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.50 PERCENT PR Newswire CLEVELAND, Dec. 18, 2024 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 KeyCorp 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...

KEYCORP AND SCOTIABANK RECEIVE REGULATORY APPROVAL TO COMPLETE STRATEGIC MINORITY INVESTMENT PR Newswire CLEVELAND, Dec. 13, 2024 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...

KEYCORP TO PRESENT AT THE GOLDMAN SACHS FINANCIAL SERVICES CONFERENCE PR Newswire CLEVELAND, Nov. 22, 2024 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...

KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS PR Newswire CLEVELAND, Nov. 21, 2024 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...

KEYCORP LOWERS ITS PRIME LENDING RATE TO 7.75 PERCENT PR Newswire CLEVELAND, Nov. 7, 2024 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 KeyCorp 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...

KEYCORP PRESENTATION AT THE BANCANALYSTS ASSOCIATION OF BOSTON CONFERENCE CANCELED PR Newswire CLEVELAND, Nov. 7, 2024 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 ....

KEYCORP TO PRESENT AT THE BANCANALYSTS ASSOCIATION OF BOSTON CONFERENCE PR Newswire CLEVELAND, Oct. 30, 2024 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...

PRIVATE SAAS COMPANY SURVEY REVEALS SHIFT TOWARDS FUTURE GROWTH WITH A CONTINUED FOCUS ON OPERATIONAL EFFICIENCY AND PROFITABILITY PR Newswire SAN FRANCISCO and MENLO PARK, Calif., Oct. 23, 2024 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...

KEYCORP REPORTS THIRD QUARTER 2024 NET LOSS OF $(447) MILLION, OR $(.47) PER DILUTED COMMON SHARE, AND ADJUSTED NET INCOME OF $290 MILLION, OR $.30 PER DILUTED COMMON SHARE(a) PR Newswire CLEVELAND, Oct. 17, 2024 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%...

KEYCORP LOWERS ITS PRIME LENDING RATE TO 8.00 PERCENT PR Newswire CLEVELAND, Sept. 18, 2024 CLEVELAND , Sept. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 8.00 percent from 8.50 percent, effective tomorrow, Sept. 19, 2024 . About KeyCorp 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...

KeyCorp and Scotiabank Complete Initial Tranche of Strategic Minority Investment PR Newswire CLEVELAND, Aug. 30, 2024 CLEVELAND , Aug. 30, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed the initial purchase of KeyCorp's common stock with an investment of approximately $0.8 billion as expected. With this investment, Scotiabank now owns approximately 4.9% of KeyCorp's common stock. This initial purchase is part of the agreement...

KEYCORP TO PRESENT AT THE BARCLAYS 22ND ANNUAL GLOBAL FINANCIAL SERVICES CONFERENCE PR Newswire CLEVELAND, Aug. 22, 2024 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...

Scotiabank announces agreement to acquire 14.9% equity interest in KeyCorp PR Newswire TORONTO, Aug. 12, 2024 TORONTO , Aug. 12, 2024 /PRNewswire/ - Scotiabank announced today that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp through an issuance of common shares at a price of $17.17 per share, representing an 11% premium to the volume weighted average price for the last 20 trading days. The total cash consideration is approximately US$2.8...

KeyCorp Receives Strategic Minority Investment from Scotiabank PR Newswire CLEVELAND, Aug. 12, 2024 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...

KEYCORP REPORTS SECOND QUARTER 2024 NET INCOME OF $237 MILLION, OR $.25 PER DILUTED COMMON SHARE PR Newswire CLEVELAND, July 18, 2024 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...

KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS PR Newswire CLEVELAND, July 10, 2024 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...

KEYBANK RANKS #17 ON FAIR360'S TOP COMPANIES FOR DIVERSITY PR Newswire CLEVELAND, May 23, 2024 CLEVELAND , May 23, 2024 /PRNewswire/ -- KeyBank (NYSE:KEY) has earned 17 th place on the 2024 Fair360 "Top 50 Companies for Diversity" list (formerly known as DiversityInc), improving 5 spots from #22 in 2023. This year's recognition marks the 15 th time Key has been named a Top 50 Company for Diversity. "At KeyBank, we are committed to supporting diversity, equity, and inclusion, both within our...

KEYCORP TO PRESENT AT THE BERNSTEIN ANNUAL STRATEGIC DECISIONS CONFERENCE PR Newswire CLEVELAND, May 22, 2024 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...