KEY Stock Recent News

KeyCorp forecast a bigger drop in average loans in 2024 than previously anticipated on Thursday, and posted a 5% fall in second-quarter profit as costlier deposits eroded the regional lender's interest income, sending its shares down 2% in premarket trading.

Improvement in fee income and lower provisions likely to have supported KeyCorp's (KEY) Q2 earnings amid weak NII performance and higher expenses.

KeyCorp (KEY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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 on September 3, 2024, for the period commencing on (and including) June 15, 2024 to (but excluding) September 15, 2024; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative

Technology investment makes it easier and faster for clients to verify their income, assets, and employment CLEVELAND , July 10, 2024 /PRNewswire/ -- In today's competitive homebuying environment, KeyBank's (NYSE: KEY) latest digital investment in home lending is making it faster and easier for clients looking to purchase a home. KeyBank recently unveiled a digital enhancement that automates the time-consuming verification of borrowers' income, assets, and employment.

KeyCorp (NYSE:KEY) stock has reversed its premarket losses, up 0.6% at $14.03 at last glance and brushing off a bear note from UBS.

KeyCorp has seen increases in asset and borrowing yields due to rising interest rates, but net interest income remains low. The bank has experienced declines in loans and deposits, with a significant portion of CRE loans classified as criticized. KeyCorp's preferred shares are overpriced and subject to interest rate risks, making them unattractive investment options.

Funding milestone illustrates KeyBank's commitment to making homeownership affordable and sustainable for all CLEVELAND , July 1, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $2 million in KeyBank Home Buyer CreditsSM i , helping 442 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 September 2022.

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.

CLEVELAND , May 23, 2024 /PRNewswire/ -- KeyBank (NYSE:KEY) has earned  17th 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 15th time Key has been named a Top 50 Company for Diversity.