Core Points - KeyBank Foundation is launching a grant program to strengthen Community Development Financial Institutions (CDFIs) to enhance affordable housing and small business development [1][2] - The program will award $200,000 grants to one exemplary CDFI in each of KeyBank's 27 markets, providing flexible funding for their broader missions [2][4] - CDFIs are essential for economic empowerment, facilitating homeownership, business growth, and financial stability in underserved communities [3] Grant Program Details - The grant program aims to provide unrestricted funding to support CDFIs in expanding services, enhancing infrastructure, and deepening community impact [2][4] - Applications for the grants must be submitted by May 16, with specific submission requirements outlined by the KeyBank Foundation [5] - Eligible applicants must be certified CDFIs in good standing, operating as nonprofit or for-profit entities in KeyBank's primary markets, with a strong track record in affordable housing or small business development [9] About KeyBank and KeyBank Foundation - KeyBank Foundation is a nonprofit organization focused on improving financial wellness, education, and community development through strategic philanthropy [6] - KeyCorp, the parent company of KeyBank, is celebrating its bicentennial in 2025, with assets of approximately $187 billion as of December 31, 2024 [7] - KeyBank operates approximately 1,000 branches and 1,200 ATMs across 15 states, offering a range of financial services including corporate and investment banking products [8]

Core Insights - The KeyBank 2025 Financial Mobility Survey indicates a growing belief among Americans that homeownership is unattainable, with 46% of non-homeowners expressing this sentiment, up from 39% the previous year [4] - Despite these challenges, recent homebuyers report increased confidence due to financial education and support from mortgage loan officers, with 30% stating that such meetings influenced their purchasing decisions, a rise from 19% last year [5][6] Group 1: Homeownership Perception - A significant portion of respondents, 41%, believe homeownership is not attainable for the average American [4] - Younger individuals without a mortgage are attempting to save more, with 47% spending less in hopes of affording a mortgage, yet 60% still doubt their ability to own a home [4] Group 2: Financial Education and Support - Financial education is seen as crucial, with 48% of respondents in the market for a home recognizing the importance of budgeting for down payments and closing costs [5] - KeyBank's Financial Wellness Center offers resources to help individuals understand their financial standing and navigate the homebuying process [5][10] Group 3: Role of Financial Institutions - Building a relationship with banks can enhance the homebuying experience, as financial institutions provide guidance and tools to make homeownership more achievable [6][7] - KeyBank Mortgage Loan Officers are highlighted as valuable resources for potential homebuyers, offering information on lending opportunities and programs [8] Group 4: Economic Outlook - Recent homebuyers exhibit a positive economic outlook, feeling confident in their ability to manage financial commitments, such as coming up with $2,000 in a month [6] - The survey reflects a broader sentiment regarding financial resiliency and the impact of societal trends on homeownership aspirations [11]

Core Insights - KeyBank has been awarded twelve 2025 Best Bank Awards for its support of small and middle market business clients, highlighting its commitment to building trusted relationships and providing high-quality service [1][2]. Group 1: Awards and Recognition - KeyBank received nine national and regional Coalition Greenwich Best Bank Awards for middle market banking, recognizing its ability to build trusted relationships and optimize business performance for clients [2][3]. - The bank also received three national and regional Coalition Greenwich Best Bank Awards for small business banking, reflecting its dedication to providing tools and guidance for small businesses [3][7]. Group 2: Methodology - The awards for small business banking were based on over 13,000 interviews with businesses generating sales between $1 million and $10 million across the country [4]. - The awards for middle market banking were based on nearly 12,000 interviews with businesses generating sales between $10 million and $500 million in the United States [4]. Group 3: Company Overview - KeyCorp, headquartered in Cleveland, Ohio, is one of the largest bank-based financial services companies in the U.S., with approximately $187 billion in assets as of December 31, 2024 [5][8]. - The company provides a range of services including deposit, lending, cash management, and investment services through approximately 1,000 branches and 1,200 ATMs across 15 states [8].

Group 1 - KeyCorp's shares increased by 19% in 2024, supported by a $2.8 billion investment from Scotiabank, which involved a significant repositioning of its available-for-sale portfolio [2] - The repositioning included the sale of approximately $10 billion worth of assets [2] - The Insiders Forum focuses on small and mid-cap stocks with significant insider purchases, aiming to outperform the Russell 2000 benchmark [2]

Core Viewpoint - KeyCorp announced a new $1 billion share repurchase program, which is expected to commence in the second half of the year, leading to a 3.5% increase in its share price [1]. Group 1: Financial Performance and Actions - KeyCorp raised its quarterly dividend by 5.1% to 20.5 cents per share in 2022, maintaining this level since then [2]. - The company sold a 14.9% equity stake to The Bank of Nova Scotia for $2.8 billion, which is anticipated to enhance its capital ratios [3]. - KeyCorp's total debt was $19.2 billion as of December 31, 2024, with an equal amount in cash and short-term investments, indicating a strong liquidity position [5]. Group 2: Future Outlook - The balance sheet repositioning actions taken by KeyCorp are expected to drive net interest income and margin expansion in 2025 and 2026, with low single-digit accretive effects on earnings for both years [4]. - Over the past year, KeyCorp's shares have increased by 8.6%, which is lower than the industry's growth of 15.8% [6].

Group 1 - The article discusses a collection of Barron's Better Bets (BBB), indicating that half of the stocks are considered too expensive or have low dividends, while seven of the ten lowest priced stocks with the "Safest" dividends are recommended for purchase [1] - Altria is highlighted as a notable candidate within the BBB collection, suggesting potential investment interest [1] Group 2 - The article promotes a live video series on Facebook called the Underdog Daily Dividend Show, which features portfolio candidates and encourages audience interaction regarding stock preferences [2] - The initiative aims to engage followers by allowing them to comment on their favorite and least favorite stocks, which may influence future reports [2]

CLEVELAND, March 13, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced that its Board of Directors has authorized a share repurchase program pursuant to which KeyCorp may purchase up to $1.0 billion of KeyCorp common shares, in the open market or in privately negotiated transactions.The company intends to begin repurchasing shares in the second half of 2025. The timing and price of repurchases as well as the actual number of shares repurchased under the program will be at the discretion of KeyCorp an ...

Core Insights - Key Wealth and Envestnet have expanded their multi-year partnership to enhance wealth management services for Key Wealth advisors [1][2] - The collaboration aims to provide a next-generation wealth management platform with advanced tools for personalized financial planning and investment management [2] Company Overview - Key Wealth is the wealth management division of KeyCorp, which has approximately $61 billion in assets as of December 31, 2024 [3] - Key Wealth offers a range of services including financial planning, investment management, and fiduciary services, catering to high-net-worth (HNW), ultra-high-net-worth (UHNW), and institutional clients [3] Technology and Solutions - The partnership will grant Key Wealth advisors access to Envestnet's wealth management technology and data-driven solutions, enhancing client engagement and financial planning [2][5] - Envestnet's platform includes features such as digital client experience, integrated financial planning, and advanced portfolio management tools [6]

Company Overview - KeyCorp is celebrating its bicentennial in 2025, marking 200 years of service to clients and communities from Maine to Alaska [3] - The company is headquartered in Cleveland, Ohio, and is one of the largest bank-based financial services companies in the United States, with assets of approximately $187 billion as of December 31, 2024 [3] Services Offered - KeyCorp provides a range of services including deposit, lending, cash management, and investment services to individuals and businesses across 15 states under the KeyBank National Association brand, supported by a network of around 1,000 branches and approximately 1,200 ATMs [4] - The company also offers sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name [4] Upcoming Events - KeyCorp's Chief Financial Officer, Clark Khayat, will speak at the 2025 RBC Capital Markets Global Financial Institutions Conference on March 4, 2025, at 11:20 a.m. ET in New York City [1] - The conference will include a review of KeyCorp's performance, strategy, and outlook, with potential forward-looking statements and material information discussed [2]

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number: 1-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 State or other jurisdiction of incorporation or organization: I.R.S. Employer Identification Number: 127 Public Square, Cleveland, Ohio 44114-1306 Address of principal execu ...