Average deposits up $1.3 billion compared to the prior quarter and the second quarter of 2023, with client deposits up 5% year-over-year Disciplined expense management: expenses declined approximately 6% from the prior quarter and were stable versus the year-ago period Common Equity Tier 1 ratio rose 20 basis points to 10.5%(a) Credit quality remains solid: net charge-offs to average loans of 34 basis points CLEVELAND, July 18, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced net income from continu ...

KeyCorp (KEY) is scheduled to announce second-quarter 2024 results on Jul 18, before the opening bell. During the quarter, lending activities witnessed modest improvement.Per the Federal Reserve’s latest data, the demand for commercial and industrial loans (accounting for almost 50% of KeyCorp’s average loan balances) improved in the second quarter. On the other hand, demand for consumer loans (constituting roughly 30% of average loan balances) was weak.For the to-be-reported quarter, we expect KeyCorp’s av ...

KeyCorp (KEY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 18. On the oth ...

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 corpora ...

Technology investment makes it easier and faster for clients to verify their income, assets, and employmentCLEVELAND, 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 Home LendingKeyBank recently unveiled a digital enhancement that automates the time-consuming verification of borrowers' income, assets, and employment. Using this instant ver ...

JHVEPhoto Introduction KeyCorp (NYSE:KEY) is the parent company of KeyBank, a regional bank with over 900 branches throughout the United States. Last May, I wrote on why I sold the bank's Series E preferred shares (KEY.PI) following the first quarter of financial results after the regional banking crisis. While the company's shares and preferred shares have rallied, I believe there are still too many risks to take a position in KeyCorp common or preferred shares. KeyCorp Financial Results Like most other re ...

Funding milestone illustrates KeyBank's commitment to making homeownership affordable and sustainable for allCLEVELAND, July 1, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $2 million in KeyBank Home Buyer CreditsSMi, 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.KeyBank branch in Ithaca, NYThe KeyBank Home Buyer Credit is a Specia ...

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. "At KeyBank, we are committed to supporting diversity, equity, and inclusion, both within our organization and in the communities we serve," said Chris Gorman, Chairman and CEO, KeyCorp. "I am incredibly pr ...

CLEVELAND, May 22, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will present at the Bernstein Annual Strategic Decisions Conference on Wednesday, May 29, 2024, at 4:30 p.m. ET in New York City.KeyCorp plans to review its performance, strategy, and outlook. The live audio webcast of the conference call will be available at www.key.com/ir. If you are unable to join the live conference call, or wish to hear a re-broadcast, access www.key.com/ ...

KeyCorp (KEY) remains well-positioned for top-line growth on the back of opportunistic buyouts, restructuring initiatives, solid loans and deposit balances and higher rates, while funding costs weigh on it to some extent. Elevated expenses and weakening asset quality remain concerns.KEY’s impressive loan growth has contributed to top-line expansion over the past several years. Though tax-equivalent (TE) revenues dipped in 2023 and in the first quarter of 2024, the metric experienced a compound annual growth ...