KEY Stock Recent News

NEW YORK , Sept. 16, 2024 /PRNewswire/ -- KeyBanc Capital Markets Inc. ("KBCM"), the corporate and investment banking arm of KeyCorp (NYSE:KEY), announced today that Julie Andress, Managing Director, has been appointed to serve as the 2025 Board Chair for the Security Traders Association (STA).

CLEVELAND , Sept. 11, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced a strategic relationship, which includes a minority investment, with Zentist, a leading cloud-based Insurance Revenue Cycle Management (RCM) software provider for Dental Support Organizations (DSOs) across the country.

KEY sells low-yielding securities worth $7 billion. This strategic balance sheet repositioning will likely result in a one-time loss of $700 million in Q3.

The transaction marks an example of efforts by financial firms to reposition their balance sheets with higher-yielding assets as interest rates have risen.

U.S. bank KeyCorp said on Monday it had sold about $7 billion of low-yielding investment securities.

BNS investments 0.8 billion in KEY as part of an agreement announced on Aug. 12. The company now owns almost a 4.9% stake in KEY.

KeyCorp (KEY) remains well-poised for growth via restructuring efforts, loan and deposit growth and high rates. Yet, high costs and weak asset quality are woes.

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 (KEY) touches a 52-week high on the news of strategic investment by the Bank of Nova Scotia (BNS). The initiative is expected to be accretive to KeyCorp's 2025 and 2026 earnings and drive NII.

Major U.S. equities indexes were little changed on Monday. Fresh off a week of volatile trading driven by economic concerns, key data on inflation, retail sales, and the housing market will be in focus this week for those trying to assess the health of the economy.