KEY Stock Recent News

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.

KeyCorp's preferred shares, particularly the Series I, offer a compelling yield with a favorable outlook, given the bank's strong financial positioning and potential for rate cuts. First quarter earnings show improved net interest margin and net interest income, positioning KeyCorp well for a lower interest rate environment. KeyCorp's strategic growth in deposits and reduction in external debt enhance its ability to fund future loan growth, improving overall financial health.

KeyCorp's solid Q1 results and strategic capital raise from Scotiabank have strengthened its balance sheet, positioning it well for a potential economic downturn. Despite a 25% stock decline since my last "buy" rating, I am increasingly bullish due to NII momentum and a robust capital position. Favorable net interest trends and strong reserves, combined with prudent credit quality management, support KEY's resilience amidst economic uncertainties.

KeyCorp's latest earnings results showed growth in deposits, while management pointed to momentum in payments, including commercial payments, that should prove resilient even in the face of tariff-induced macroeconomic headwinds. The presentation materials released Thursday (April 17) indicate that average commercial loans were up 0.

KEY's first-quarter results top estimates on higher NII & non-interest income alongside lower expenses. However, weak asset quality is a woe.

KeyCorp (NYSE:KEY ) Q1 2025 Earnings Conference Call April 17, 2025 8:00 AM ET Company Participants Brian Mauney - Director of IR Chris Gorman - Chairman and CEO Clark Khayat - CFO Conference Call Participants Mike Mayo - Wells Fargo Manan Gosalia - Morgan Stanley Ebrahim Poonawala - Bank of America Peter Winter - D.A. Davidson & Co. Nathan Stein - Deutsche Bank Operator Good morning, and welcome to KeyCorp's First Quarter 2025 Earnings Conference Call.

Although the revenue and EPS for KeyCorp (KEY) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

KeyCorp (KEY) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.22 per share a year ago.

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, or $(.28) per diluted common share, or adjusted net income of $378 million, or $.38 per diluted common share(a).

KeyCorp KEY will release earnings results for the first quarter, before the opening bell on Thursday, April 17.