Shares of KeyCorp (KEY) touched a 52-week high of $17.09 yesterday before closing the session at $15.94 (marking a jump of 9.1%). The surge was driven by the news of an investment of $2.8 billion by The Bank of Nova Scotia (BNS) in KeyCorp. Canada's BNS will acquire approximately a 14.9% stake in KeyCorp for a fixed price of $17.17 per share, representing a premium of 7.7% at the previous day's closing price. For BNS, the step marks a massive advancement as it tries to expand operations in North America. De ...

Key Takeaways The S&P 500 was flat on Monday, Aug. 12, 2024, ahead of key data points this week that could offer insight into the uncertain economic environment. KeyCorp shares took off after the regional bank announced a $2.8 billion investment from Bank of Nova Scotia. Shares of Albemarle tumbled amid an ongoing slump in lithium prices. 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 h ...

KeyBank (NYSE:KEY) is among today's biggest movers, with KEY stock surging by as much as 14% this morning. This is in response to news that Canadian lender Bank of Nova Scotia (NYSE:BNS), also known as Scotiabank, has acquired 14.9% of the regional U.S. lender for $2.8 billion. At this valuation, Scotiabank has paid a premium for KEY stock, pricing the company at a valuation of around $18.8 billion. Accordingly, the market has been quick to reprice shares of KEY stock, with the stock still reflecting a disc ...

文章核心观点 - KeyCorp公司宣布获得加拿大银行斯科舍银行(Scotiabank)约28亿美元的投资,斯科舍银行将在2025年第一季度前收购KeyCorp约1.63亿股股票[1][2][3] - KeyCorp称这是一个"独特的机会,以有吸引力的条件筹集资本"[4] - 斯科舍银行以每股17.17美元的固定价格购买股票,较上周五收盘价14.61美元有17.5%的溢价[5] 根据相关目录分别进行总结 交易细节 - 斯科舍银行将分两次投资,首次在本月底投资8亿美元,之后在获得监管机构和美联储批准后(预计在2025年第一季度前)再投资20亿美元[3] - 这笔投资将使斯科舍银行持有KeyCorp约14.9%的股份[2] 交易背景 - KeyCorp表示,虽然目前资本状况良好,但这笔投资可以加快其资本和收益改善,并增强其战略地位[4] - KeyCorp股价在公布消息后大涨约13%,达到2023年初以来的最高水平,而斯科舍银行股价下跌约4%[6]

Canadian bank Scotiabank plans to acquire a 14.9% stake in Cleveland-based KeyCorp, which operates about 1,000 KeyBank branches in 15 U.S. states and provides corporate and investment banking products. Pending regulatory approval, Scotiabank expects to close the initial investment of 4.9% in the fourth quarter of fiscal 2024 and an additional investment of 10% in fiscal 2025, the bank said in a Monday (Aug. 12) press release. The total cash consideration amounts to $2.8 billion. "We believe that this transa ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

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 strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% pro forma commo ...

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$2.8 billion (the "Investment"). KeyCorp is a premier U.S. based financial services company operating across 15 states, with US$ ...

Achievement celebrates hard work done by clients to build their credit history and grow their financial futureCLEVELAND, July 29, 2024 /PRNewswire/ -- Today, KeyBank (NYSE: KEY) announced that the Spring 2024 graduating class of the Key Secured Credit Card® program comprises more than 2,800 clients who have worked hard to improve their credit scores and establish financial stability. This class brings the total number of graduates to more than 30,900 clients since the program's inception in 2019. The Key Se ...

财务报表 - 公司资产负债表、利润表、其他综合收益表、股东权益变动表和现金流量表等财务报表[9] 收入与利润 - 公司2024年第二季度总收入为943,195,733美元[7] - 公司2024年第二季度净利息收入为14亿美元[14] - 公司2024年第二季度非利息收入为10亿美元[19] - 公司2024年第二季度所得税费用为3亿美元[23] - 公司于2023年6月30日季度的净收入与2024年6月30日季度相比有所变化[68] - 净息差(TE)为2.04%，较去年同期下降8个基点[76] - 净息收入(TE)较去年同期下降8700万美元,主要受贷款余额下降和存款成本上升影响[77] - 上半年净息收入(TE)较去年同期下降3.07亿美元,净息差下降26个基点[78] 资产负债情况 - 公司2024年6月30日的贷款总额为1071亿美元，较2023年12月31日的1126亿美元下降[153][154] - 公司消费者贷款总额为336亿美元,较2023年12月31日下降4.2%,主要是各类消费贷款均有所下降[166] - 公司2024年6月30日的贷款总额为335.53亿美元，其中房地产抵押贷款占60.8%[169] - 公司证券投资组合总额为454亿美元，其中可供出售证券占82.4%[176] - 公司存款总额为1457亿美元，较2023年12月31日增加1.33亿美元[189] - 无保险存款占存款总额的43%，约为623亿美元[191] - 批发资金总额为222亿美元，较2023年12月31日略有下降[194] 资本管理 - 公司资本充足率指标包括总资本充足率和一级资本充足率等[15] - 公司资本充足率指标持续改善,2024年6月30日的普通股一级资本比率为10.5%,较上一季度提高约20个基点,较去年同期提高超过120个基点[32] - 公司需要每两年接受一次监管压力测试,最新的压力测试结果显示公司资本充足率高于监管要求[50] - 公司资本管理目标是维持与风险偏好一致的资本水平,以支持业务发展和派发股息[195] 风险管理 - 公司面临的主要风险包括市场风险、流动性风险、信用风险和操作风险等[37] - 公司维持稳健的风险管理实践,将继续支持客户,同时保持适度的风险状况,并将有利于公司在各种商业周期中表现良好[28] - 公司目标维持0.40%至0.60%的平均贷款净核销率区间,体现了公司的适度风险状况[27][28] 业务结构 - 公司主要业务包括消费者银行和商业银行两大板块[20] - 消费者银行2024年第二季度的净收入为6700万美元,贷款和租赁平均余额下降31亿美元,存款平均余额增加40亿美元[131] - 商业银行2024年第二季度的净收入为2.07亿美元,贷款和租赁平均余额下降87亿美元,存款平均余额增加48亿美元[143] 非利息收入 - 非利息收入占总收入的41%,达6.27亿美元,较上年同期的38%有所增加[95,98] - 信托和投资服务收入增加10.3%,主要由于经纪费收入和与管理资产规模增加相关的投资管理费增加[107] - 投行和债务配售费用增加5%,主要由于债券资本市场承销和并购活动相关费用增加[110,111] - 存款账户服务费下降4.3%,主要由于维护费和透支费用减少[112] 费用管理 - 公司2024年第二季度拨备计提为1.5亿美元[19] - 公司2024年第二季度非利息支出为12亿美元[21] - 人员费用增加2.3%,主要由于股票激励费用增加[124] - 非人员费用在2024年6月30日结束的三个月内下降1100万美元,或2.4%,主要是由于大多数其他费用类别的下降抵消了计算机处理费用的增加[125] - 公司在2024年6月30日结束的六个月内的税收费用为1.21亿美元,而2023年同期为1.39亿美元[126][127][128] 其他 - 公司关注维持正的营运杠杆和54%至56%的现金效率比率作为长期财务目标[25][26] - 公司关注为股东创造价值,目标16%至19%的平均有形普通股权益回报率[29][30] - 公司关系型业务模式和长期战略承诺持续发挥作用,客户存款同比增长5%,消费者关系家庭同比增长3.3%[32] - 公司推出的面向大众富裕客户的私人客户业务自去年推出以来,已新增3.1万户家庭,新增约29亿美元家庭资产[32] - 公司预计2024年全年平均贷款下降7%至8%,净息差下降2%至5%,非利息收入增长5%以上,费用相对稳定[33][34]