AI and automation contribute to optimism despite macroeconomics impacting bottom line CLEVELAND, Sept. 26, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced the release of its semiannual 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 ...

This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a f ...

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 approximately $187 billion at June 30, 2024. Key provides deposit, lending, cash management, and investment se ...

While election uncertainty stalls business decisions, small business owners remain resilient for the year ahead. CLEVELAND, Sept. 17, 2024 /PRNewswire/ -- Election years often bring heightened uncertainty for business owners, who must navigate potential policy shifts that could significantly impact their operations. KeyBank's Fall 2024 Small Business Flash Poll found that more than three in five (61%) small business owners polled plan to delay making major business decisions until after election results com ...

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). Founded in 1934, STA is a grassroots organization that educates its members on market structure issues while representing their interests with legislators, regulators and other industry associations. The organization ...

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. KeyBank will introduce Zentist's Remit AI software to its extensive network of DSOs, providing them with access to a transformative tool that enhances their dental insurance revenue cycle management operations. Remit AI s ...

KeyCorp (KEY) shares gained 3.1% on Sept. 9 in response to its balance sheet repositioning announcement. The regional lender sold its low-yielding available-for-sale (AFS) investment securities portfolio worth almost $7 billion. KeyCorp is expected to incur an after-tax loss of $700 million in the third quarter because of the sale. The securities sold had a weighted average book yield of roughly 2.3% and an average duration of nearly six years. Last month, KeyCorp stated its plan to reposition its balance s ...

Historically, September has been a sluggish month for the stock market, a trend that continued this year, with the S&P 500 Index declining 4.4% in the first week. With the Federal Reserve's first interest rate cut since March 2020 in focus, investors are on the edge. This was further compounded by a significant cooling down of the job market, sparking recession fears. Hence, the market participants are now expecting a sizable rate cut at the two-day FOMC meeting on Sept.17-18. As the broader market witnesse ...

KeyCorp (KEY) , one of the leading regional banks in the United States, has seen its stock soar 18.5% in a month. This jump is higher than the 11.7% and 6.4% growth of the industry it belongs to and the S&P 500, respectively. One-Month Price Performance Image Source: Zacks Investment Research Let's figure out the reasons behind KeyCorp's shares solid performance. Minority Equity Stake by Scotiabank in KeyCorp If you observe the above price chart, we will see that KeyCorp shares started rising after the surp ...

The Bank of Nova Scotia (also known as Scotiabank) (BNS) has completed the first tranche of strategic minority investment in KeyCorp (KEY) . With an investment of 0.8 billion, BNS now holds approximately 4.9% stake in KeyCorp. This is part of the agreement announced on Aug. 12. Under it, Scotiabank will acquire roughly a 14.9% stake (in two tranches) in KeyCorp for a fixed price of $17.17 per share. The second part of the deal involves BNS making an additional $2 billion of investment, expected to close in ...