KeyCorp
KEY-PK
New York Stock Exchange20.37
USD
-0.07
- -
CIK
0000091576
ISIN
US4932678687
CUSIP
493267868
Return %
Stock
S&P500
1Y
-0.97
26.53
3Y
0.49
76.60
5Y
-26.94
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Christopher Marrott Gorman
- Full Time Employees
- 16,989
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 127 Public Square Cleveland OH United States of America 44114-1306
- IPO Date
- Apr 23, 2019
- CIK
- 0000091576
- Website
- key.com
- Similar Companies
- Business
- KeyCorp (NYSE: KEY) operates as a bank holding company for KeyBank National Association, one of the largest independent bank-based financial services companies in the United States with approximately $185 billion in assets. Headquartered in Cleveland, Ohio, and founded in 1825, the company provides a comprehensive range of retail and commercial banking products and services through roughly 1,000 branches and 40,000 ATMs across 15 states from Maine to Alaska, supplemented by national digital platforms and commercial offices nationwide. Its Consumer Bank segment offers deposit and investment products, personal finance and financial wellness services, lending solutions including mortgages, home equity lines, student loan refinancing, and personal loans; credit cards; treasury services; business advisory; and wealth management including trust, portfolio management, charitable giving, and investment services for nonprofits and high-net-worth individuals, with specialized digital lending via the Laurel Road brand targeting healthcare professionals. The Commercial Bank segment delivers full-service platforms for middle-market clients in its branch footprint and national institutional services, encompassing commercial lending, cash management, capital markets access, equipment financing, and banking products tailored to sectors such as consumer goods, energy, healthcare, industrials, public sector, real estate, and technology. KeyCorp stands out as a significant national commercial real estate lender and third-party master and special servicer for such loans. Through the KeyBanc Capital Markets platform, it provides syndicated finance, debt and equity underwriting, fixed income and equity sales and trading, derivatives, foreign exchange, mergers and acquisitions advisory, and public finance services to corporations and institutional investors. In late 2024, Scotiabank completed a strategic $2.8 billion equity investment, acquiring an approximately 14.9% pro-forma ownership stake in KeyCorp through two tranches of newly issued common shares priced at $17.17 each, following regulatory approval from the Federal Reserve. This transaction, finalized with the second approximately 10% installment in December 2024, bolsters KeyCorp's capital base and aligns with Scotiabank's strategy to deploy capital into the U.S. market while enhancing shareholder returns. The investment underscores KeyCorp's ongoing focus on strengthening its position amid regional banking dynamics, with assets and operations reflecting steady growth into 2025.