KeyBank’s Middle Market Sentiment Report revealed that, despite setbacks, middle market companies demonstrated remarkable resilience and growth amid this year’s persistent market uncertainty. read more

SEP 27, 2024 - 6:10 am

The Bank of Nova Scotia (Scotiabank) has completed the initial purchase of KeyCorp’s common stock with an investment of approximately $0.8 billion as expected. With this investment, Scotiabank now owns approximately 4.9% of KeyCorp’s common stock. read more

SEP 3, 2024 - 6:08 am

KeyCorp has reached an agreement under which The Bank of Nova Scotia will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% pro forma common stock ownership, for a fixed price of $17.17 per share. read more

AUG 12, 2024 - 6:18 am

KeyCorp, the parent company of KeyBank, promoted Darrin Benhart from deputy chief risk officer to chief risk officer. Benhart succeeded Mark Midkiff, whose long-planned retirement was announced in November and who will remain at the bank through a transition period. read more

JAN 10, 2024 - 6:51 am

Despite reporting a 4.3% decline in net income year over year, KeyCorp had positive momentum in core businesses, including solid growth in loans. read more

JAN 27, 2020 - 6:50 am

KeyCorp Chairman and CEO Beth Mooney will retire on May 1, 2020. Chris Gorman has been chosen by the board of directors to succeed Mooney in both roles upon her retirement. read more

SEP 23, 2019 - 6:25 am

KeyCorp reported its Q3/18 net income of $468 million was up 34% from $349 million for the same period in 2017. read more

OCT 18, 2018 - 7:05 am

KeyCorp reported Q1/18 net income of $402 million was up 35.8% from $296 million a year earlier. The bank noted lease financing average balances were up from a year earlier. read more

APR 20, 2018 - 6:48 am

KeyCorp named Clark Khayat as executive vice president and chief strategy officer with responsibility for corporate strategy, mergers and acquisitions and strategic investments. read more

FEB 1, 2018 - 6:43 am

KeyCorp reported commercial lease finance average balance and operating lease asset growth in Q3/17. Key also noted C&I loan yields of 3.97% in Q3/17 were up 59 basis points from 3.38% a year earlier. read more

OCT 20, 2017 - 6:30 am

KeyCorp reported Q2/17 net income of $393 million was up from $193 million a year earlier. Key noted net interest income included $100 million of purchase accounting accretion related to the acquisition of First Niagra. read more

JUL 21, 2017 - 7:02 am

KeyCorp named Christopher M. Gorman and Donald R. Kimble as vice chairman. Gorman will serve as president of banking and Kimble will serve as chief financial officer. read more

JUN 9, 2017 - 6:49 am

In its Q1/17 earnings release, KeyCorp reported operating lease assets of $563 million were up 55.5% from $362 million at the end of the same quarter in 2016. read more

APR 21, 2017 - 7:35 am

In its Q3/16 earnings report, KeyCorp revealed that operating lease assets at the end of the quarter were $430 million compared to $315 million at the end of Q3/15. read more

OCT 25, 2016 - 6:53 am

According to Reuters, five U.S. regional banks put aside millions of dollars during Q1/16 to cover potential losses from loans to the energy sector. read more

APR 25, 2016 - 7:29 am