NYSE - Delayed Quote USD

KeyCorp (KEY)

14.93

+0.21

(+1.43%)

At close: April 24 at 4:00 PM EDT

14.90

-0.03

(-0.20%)

After hours: April 24 at 7:55 PM EDT

Wall Street bosses tested by calls to strip them of power

Some of Wall Street’s most powerful bosses are facing new shareholder proposals this spring that would strip them of power by separating CEO and chairman seats.

Yahoo Finance 20 hours ago

PRU

BAC

KEY
+1.43%
Main Street Banking Model Is Being Squeezed

Higher-for-longer interest rates are continuing to weigh on Main Street banks. Regional banks posted steep profit declines in the first quarter and predicted more pain ahead. The results underscore the uneven toll that two years of higher interest rates have taken on regional banks, which tend to have plain-vanilla businesses taking in deposits and making loans.

The Wall Street Journal 12 hours ago

FNB

CFG
+1.57%
CFG-PD
NCWIT and KeyBank Honor 38 Students and 2 Educators From Across Ohio With 2024 Aspirations in Computing Awards

Prestigious awards recognizes the achievements and interests of students in STEM activities and future career opportunities NORTHAMPTON, MA / ACCESSWIRE / April 24, 2024 / The Ohio affiliate of the National Center for Women & Information Technology ...

ACCESSWIRE 15 hours ago

KEY
+1.43%
Goodwill of the Olympics and Rainier Region Receives $300,000 Grant From KeyBank for Clean Energy Initiative

TACOMA, WA / ACCESSWIRE / April 23, 2024 / KeyBank: Funds will support a clean energy/clean tech career preparation course to equip young adult job seekers to pursue green economy-related careers Goodwill of the Olympics and Rainier Region has received ...

ACCESSWIRE yesterday

KEY
+1.43%
Key Institutional Bank president talks Fed rates, M&A outlook

Key Institutional Bank (KEY) President Randy Paine joins Yahoo Finance to discuss market outlooks from the banking industry's perspective as it's likely the Federal Reserve may keep interest rates higher instead of cutting them at all in 2024. Paine notes that the regional banking industry experienced "a period of stress" in early 2023, but the environment for smaller financial institutions has been normalizing since then. Paine highlights Key's plans to invest in "fee-generating businesses" to help boost and retain capital. Under the prevailing high-interest rate environment, Paine acknowledges that "it's a time of uncertainty for sure." However, he emphasizes that Key's clientele has remained confident in their businesses, despite headwinds such as geopolitical risks, high inflation, and this year's election cycle. He adds a similar outlook for Key itself, which has reaffirmed its net interest income guidance: "Even if there are no cuts or we get three or four, we're going to hit our guide." When asked about the outlook on the mergers and acquisitions (M&A) market, Paine expresses his expectation of an uptick in M&A activity under the current market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

Yahoo Finance Video 2 days ago

KEY
+1.43%
Navigating Home Ownership: Balancing Spending and Saving for Financial Success

KeyBank's Financial Mobility Survey sheds light on spending and saving habits to help achieve homeownership this Fair Housing Month NORTHAMPTON, MA / ACCESSWIRE / April 22, 2024 / Owning a home marks a significant milestone in one's life, yet it also ...

ACCESSWIRE 2 days ago

KEY
+1.43%
KeyCorp Insiders Placed Bullish Bets Worth US$871.9k

Quite a few insiders have dramatically grown their holdings in KeyCorp ( NYSE:KEY ) over the past 12 months. An...

Simply Wall St. 2 days ago

KEY
+1.43%
KeyCorp (NYSE:KEY) Q1 2024 Earnings Call Transcript

KeyCorp (NYSE:KEY) Q1 2024 Earnings Call Transcript April 18, 2024 KeyCorp isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you, everyone, for standing by. Welcome to the 2024 First Quarter Earnings Call. At this time, all participants are in […]

Insider Monkey 5 days ago

KEY
+1.43%
KeyBank Ranks Among Top SBA Lenders in Washington State

SEATTLE, WA / ACCESSWIRE / April 19, 2024 /KeyBank (NYSE:KEY) announced it has received the honor of ranking #1 for the most small business loans $350,000 or less in Washington Congressional Districts 1, 3, 7, 8, and 9 by the U.S. Small Business Administration ...

ACCESSWIRE 5 days ago

KEY
+1.43%
KeyCorp (KEY) Q1 2024 Earnings Call Transcript Highlights: Navigating Through Economic ...

Explore KeyCorp's financial performance, strategic initiatives with Blackstone, and management insights on future growth and risk management.

GuruFocus.com 5 days ago

KEY
+1.43%
Regional Bank Earnings: KeyCorp, Comerica, Ally Report Profit Drops

Profits slid sharply at KeyCorp, Comerica and Ally in the first quarter. The results are the latest sign of pressure on regional banks from higher interest rates. + At **Comerica**, net income fell 59% to $131 million, or 98 cents a share.

The Wall Street Journal 6 days ago

CMA
+0.59%
KEY
+1.43%
ALLY
KeyCorp (KEY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

The headline numbers for KeyCorp (KEY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks 6 days ago

KEY
+1.43%
KeyCorp (KEY) Q1 Earnings Miss on Lower NII, Stock Slides

A decline in NII, lower average loan balance and higher expenses hurt KeyCorp's (KEY) Q1 earnings, while lower provisions and a rise in non-interest income offer some support.

Zacks 6 days ago

KEY
+1.43%
WRAPUP 1-KeyCorp, Comerica join major lenders in flagging hit to interest income

KeyCorp and Comerica are expecting a fall in interest income in 2024 as higher borrowing costs temper loan demand, they said on Thursday, echoing fears flagged by bigger U.S. lenders this earnings season. Hotter-than-expected inflation in the United States has dampened expectations of imminent rate cuts by the Federal Reserve, which has said it needs to see convincing evidence of prices cooling off before it starts easing its monetary policy. With no hopes of relief, potential borrowers could delay plans to take out a loan, hurting banks' interest income.

Reuters 6 days ago

CMA
+0.59%
KEY
+1.43%
Comerica stock outperforms peers after profit beat

(Reuters) -Comerica's stock was the biggest winner in a key banking industry index on Thursday after the lender reported a better-than-expected profit for the first quarter, thanks to its strong asset quality and debt paydowns. Banks have been repositioning their balance sheet to limit the hit to their profitability from sagging loan demand, as hotter-than-expected inflation raises fears of borrowing costs staying higher for longer. Dallas, Texas-based Comerica reduced its short-term borrowings by 53% from last year and 36% from the prior quarter, which helped soften the hit to its net interest income (NII) - the difference between what banks earn on loans and assets and pay on deposits and other debt.

Reuters 6 days ago

CMA
+0.59%
KEY
+1.43%
KeyCorp profit falls as higher deposit costs hurt interest income

KeyCorp reported a 33.5% drop in first-quarter profit on Thursday as its net interest income was eroded by higher deposit costs and elevated interest rates kept borrowers on the sidelines. U.S. banks have been grappling with increased funding costs as elevated interest rates prompt customers to move cash from banks to safe-haven higher-yielding alternatives like money-market funds for better returns. Net interest income (NII), or the difference between what a bank earns on loans and pays out on deposits, fell 20% to $886 million in the quarter.

Reuters 6 days ago

KEY
+1.43%
KEYCORP REPORTS FIRST QUARTER 2024 NET INCOME OF $183 MILLION, OR $.20 PER DILUTED COMMON SHARE, WITH $.02 IMPACT FROM THE FDIC SPECIAL ASSESSMENT(a)

KeyCorp (NYSE: KEY) today announced net income from continuing operations attributable to Key common shareholders of $183 million, or $.20 per diluted common share, for the first quarter of 2024. Net income from continuing operations attributable to Key common shareholders was $30 million, or $.03 per diluted common share, for the fourth quarter of 2023 and $275 million, or $.30 per diluted common share, for the first quarter of 2023. Included in the first quarter of 2024 are $22 million, or $.0

PR Newswire 6 days ago

KEY
+1.43%
Is a Surprise Coming for KeyCorp (KEY) This Earnings Season?

KeyCorp (KEY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Zacks 7 days ago

KEY
+1.43%
KeyBank To Participate in Home Ownership Events in Buffalo and Syracuse

Events will provide tips and information on how to prepare to purchase a home, including products and assistance programs available to first time homebuyers. NORTHAMPTON, MA / ACCESSWIRE / April 16, 2024 / KeyBank KeyBank will take part in home ownership ...

ACCESSWIRE 8 days ago

KEY
+1.43%
Bank of America (BAC) Beats Q1 Earnings and Revenue Estimates

Bank of America (BAC) delivered earnings and revenue surprises of 7.79% and 2.14%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks 8 days ago

SDAWW

KEY
+1.43%

Performance Overview

Return	KEY	S&P 500
YTD	+5.19%	+6.33%
1-Year	+38.32%	+22.70%
3-Year	-16.74%	+21.33%

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KeyCorp (KEY)

Wall Street bosses tested by calls to strip them of power

Main Street Banking Model Is Being Squeezed

NCWIT and KeyBank Honor 38 Students and 2 Educators From Across Ohio With 2024 Aspirations in Computing Awards

Goodwill of the Olympics and Rainier Region Receives $300,000 Grant From KeyBank for Clean Energy Initiative

Key Institutional Bank president talks Fed rates, M&A outlook

Navigating Home Ownership: Balancing Spending and Saving for Financial Success

KeyCorp Insiders Placed Bullish Bets Worth US$871.9k

KeyCorp (NYSE:KEY) Q1 2024 Earnings Call Transcript

KeyBank Ranks Among Top SBA Lenders in Washington State

KeyCorp (KEY) Q1 2024 Earnings Call Transcript Highlights: Navigating Through Economic ...

Regional Bank Earnings: KeyCorp, Comerica, Ally Report Profit Drops

KeyCorp (KEY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

KeyCorp (KEY) Q1 Earnings Miss on Lower NII, Stock Slides

WRAPUP 1-KeyCorp, Comerica join major lenders in flagging hit to interest income

Comerica stock outperforms peers after profit beat

KeyCorp profit falls as higher deposit costs hurt interest income

KEYCORP REPORTS FIRST QUARTER 2024 NET INCOME OF $183 MILLION, OR $.20 PER DILUTED COMMON SHARE, WITH $.02 IMPACT FROM THE FDIC SPECIAL ASSESSMENT(a)

Is a Surprise Coming for KeyCorp (KEY) This Earnings Season?

KeyBank To Participate in Home Ownership Events in Buffalo and Syracuse

Bank of America (BAC) Beats Q1 Earnings and Revenue Estimates

Performance Overview