Core Insights - KeyCorp (KEY) is expected to report second-quarter 2025 results on July 22, with solid improvements in lending activities noted during the quarter [1] - The demand for commercial and industrial (C&I) loans, which make up about 50% of KeyCorp's average loan balances, was strong, alongside an increase in consumer loan demand [1] Loan Balances and Earnings Estimates - The average loan balance for KeyCorp is projected to be $105.5 billion, reflecting a 3.2% year-over-year decline [2] - The Zacks Consensus Estimate for average earning assets is $171.2 billion, indicating a slight increase from the previous year, while the estimate is $173.5 billion [2] Net Interest Income and Margin - The Federal Reserve maintained interest rates at 4.25%-4.5%, which is expected to support KeyCorp's net interest income (NII) and net interest margin (NIM) through higher yields on interest-earning assets [3] - The consensus estimate for NII on a fully tax-equivalent basis is $1.14 billion, suggesting a year-over-year increase of 26.5% [4] Non-Interest Income Factors - Despite interest rate cuts in 2024, mortgage rates remained stable, leading to decent refinancing and origination volumes, which is expected to improve income from KeyCorp's mortgage banking business [5] - The consensus estimate for commercial mortgage servicing fees is $72.1 million, indicating an 18.2% year-over-year increase, while consumer mortgage income is estimated at $14.7 million, reflecting an 8% decline [6] Trading and Investment Banking - Increased client activity and market volatility are anticipated to positively impact KeyCorp's trading business, with a resurgence in the IPO market and decent bond issuance volumes [7] - The consensus estimate for investment banking and debt placement fees is $167.4 million, indicating a 32.9% surge, while the estimate is $178.4 million [7] Total Non-Interest Income and Expenses - The consensus estimate for total non-interest income is $671.9 million, suggesting a year-over-year increase of 7.2% [9] - Total non-interest expenses are estimated at $1.16 billion, reflecting a 7.9% year-over-year rise due to operational efficiency initiatives and investments in technology [10] Asset Quality and Credit Losses - KeyCorp is expected to build reserves for credit losses, with an estimated provision of $120.2 million, indicating a 20.2% rise year-over-year [11] - The consensus estimate for non-performing assets (NPAs) is $744.9 million, suggesting a 2.5% increase, while non-performing loans (NPLs) are estimated at $738.5 million, reflecting a 4% increase [12] Earnings Predictions - The Zacks Consensus Estimate for KeyCorp's second-quarter earnings is pegged at 34 cents, indicating a 36% jump from the prior year, with sales estimated at $1.80 billion, reflecting an 18.9% rise [15]

Core Viewpoint - The market anticipates KeyCorp (KEY) to report a year-over-year increase in earnings driven by higher revenues in its upcoming earnings report for the quarter ended June 2025 [1] Earnings Expectations - KeyCorp is expected to post quarterly earnings of $0.34 per share, reflecting a year-over-year change of +36% [3] - Revenues are projected to be $1.8 billion, which is an increase of 18.9% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 1.24% higher over the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for KeyCorp is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.61% [12] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [10] - KeyCorp currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [12] Historical Performance - In the last reported quarter, KeyCorp was expected to earn $0.32 per share but delivered $0.33, resulting in a surprise of +3.13% [13] - Over the past four quarters, KeyCorp has consistently beaten consensus EPS estimates [14] Industry Comparison - Truist Financial Corporation (TFC), another player in the Zacks Banks - Major Regional industry, is expected to report earnings of $0.92 per share for the same quarter, indicating a year-over-year change of +1.1% [18] - Truist Financial's revenues are expected to be $4.98 billion, up 0.3% from the previous year [18]

CLEVELAND, July 7, 2025 /PRNewswire/ -- As part of its ongoing commitment to innovation and digital transformation, KeyBank (NYSE: KEY) today announced the launch of KeyTotal AR™, a fully unified solution for the invoice-to-cash process, powered by Versapay. Leveraging machine learning, the platform modernizes and automates accounts receivable (AR) operations for middle-market businesses. This latest enhancement reinforces KeyBank's commitment to delivering market-leading, technology-driven solutions to cli ...

Core Viewpoint - KeyCorp (KEY) has a strong track record of exceeding earnings estimates, making it a potential candidate for investors looking for consistent performance in the upcoming quarterly report [1][5]. Earnings Performance - In the most recent quarter, KeyCorp reported earnings of $0.32 per share, slightly below the expected $0.33, resulting in a surprise of 3.13% [2]. - In the previous quarter, the company exceeded expectations by reporting $0.38 per share against a consensus estimate of $0.33, achieving a surprise of 15.15% [2]. Earnings Estimates and Predictions - There has been a favorable shift in earnings estimates for KeyCorp, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for KeyCorp is +1.36%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - KeyCorp holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, historically leads to a positive surprise rate of nearly 70% [6][8]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]. Upcoming Earnings Report - The next earnings report for KeyCorp is expected to be released on July 21, 2025 [8].

Group 1 - KeyCorp, the holding company of KeyBank, has been under review for about 8 months, during which the industry has experienced improving interest margin dynamics [1] - The investment approach favored is long-term, buy-and-hold, focusing on stocks that can sustainably deliver high-quality earnings, particularly in the dividend and income sector [1] Group 2 - The article does not provide specific financial metrics or performance data for KeyCorp or the broader industry [2][3]

Company Overview - Jaan Health has developed the AI-powered proactive care platform Phamily© to address the clinical and financial needs of healthcare stakeholders [1][2] - The company has secured over $25 million in funding, including $15 million in non-dilutive growth capital from Level Structured Capital [1][2] Product and Market Impact - Phamily enables healthcare organizations to deliver high-quality, proactive care management at scale, serving over 150 healthcare organizations and hundreds of thousands of patients with more than 250 chronic condition diagnoses [2][5] - The platform has improved patient outcomes and provider profitability while significantly reducing the total cost of care for payors [2][5] Growth Strategy - The new funding will allow Jaan Health to expand Phamily's market leadership in virtual care, penetrate new market segments, and make key hires to support rapid growth [2][3] - The company aims to extend the benefits of Phamily to millions more patients across the United States [2] Industry Context - Jaan Health stands out in a crowded health tech market due to its proprietary data sets, operational strength, and capital efficiency [3] - The platform addresses the challenges faced by healthcare systems, particularly in managing chronic diseases amid labor shortages and rising costs [2][3]

Core Viewpoint - Plains All American Pipeline, L.P. and Plains GP Holdings have agreed to sell their Canadian NGL business to Keyera Corp for approximately $5.15 billion CAD ($3.75 billion USD), with the transaction expected to close in the first quarter of 2026, subject to regulatory approvals [1][2]. Transaction Details - The transaction will result in Plains divesting its Canadian NGL business while retaining its NGL assets in the United States and all crude oil assets in Canada [2]. - Plains expects to net approximately $3.0 billion USD from the transaction after taxes, transaction expenses, and a potential one-time special distribution [4]. Transaction Benefits - The sale is viewed as a win-win, allowing Plains to exit the Canadian NGL business at an attractive valuation while Keyera gains critical infrastructure [5]. - The transaction is anticipated to enhance Plains' free cash flow profile, reduce commodity exposure, and lower working capital requirements [5][7]. - The purchase price represents approximately 13 times the expected 2025 Distributable Cash Flow (DCF) [7]. Capital Allocation Strategy - Proceeds from the transaction will be prioritized towards disciplined capital allocation, including potential repurchases of preferred units and opportunistic common unit repurchases [8]. - The transaction is expected to create significant financial flexibility, allowing Plains to optimize its crude oil-focused asset base [7][8]. Tax Considerations - The transaction is a taxable event, expected to generate approximately $360 million USD in entity-level taxes payable in Canada [6][7]. - A one-time special distribution of approximately $0.35 per unit is intended to offset potential tax liabilities for unitholders, subject to Board approval [4][12]. Company Overview - Plains All American Pipeline operates midstream energy infrastructure and logistics services for crude oil and natural gas liquids, handling approximately eight million barrels per day [16]. - Plains GP Holdings holds a controlling general partner interest in Plains All American Pipeline, making it one of the largest energy infrastructure companies in North America [17].

KeyCorp (KEY) 2025 Conference Summary Company Overview - **Company**: KeyCorp (KEY) - **Event**: 2025 Conference - **Date**: June 11, 2025 Key Points Industry and Business Segments - **Commercial Banking**: Key's commercial banking platform is a significant and growing portion of total revenue, contributing $2 billion in 2024, accounting for nearly half of Key's total revenue during that period [5][12] - **Middle Market Focus**: The middle market segment includes companies with annual revenues from $10 million to $1 billion, representing about 200,000 businesses across the U.S. and a significant part of private sector GDP [12][28] - **Payments Platform**: Key has a scaled national payments business serving over 8,000 commercial clients across all 50 states, with 95% of deposits coming from customers with operating accounts [6][15] Financial Performance - **Revenue Growth**: The middle market revenues increased by approximately 25% over the last five years, with deposits up by $4 billion and operating deposits making up 88% of the total [19][20] - **Return on Equity**: The middle market business consistently generates a return on equity of 17% to 20%, while the commercial payments business has grown revenue at twice the industry rate over the past five years [7][12] - **Client Growth**: Key grew its client base by 8% and expects further growth as it focuses on adding core customers [20] Strategic Initiatives - **Investment in Talent**: Key plans to increase its banker count by 10% this year, targeting select geographies based on market attractiveness [21][72] - **Integrated Services**: The integration of lending, payments, and deposit teams aims to simplify the business model and enhance customer experience [10][11] - **Risk Management**: Key is enhancing its risk management capabilities, focusing on industry-specific expertise and deeper product knowledge [22][23] Market Sentiment and Client Behavior - **Cautious Optimism**: Clients in the middle market are cautiously optimistic, with 91% prioritizing operational efficiency and viewing market disruptions as growth opportunities [30][29] - **Adaptability**: The middle market segment has shown resilience and adaptability in response to economic shocks, with a 10% annualized revenue growth from 2022 to 2024 [28][29] Competitive Landscape - **Loan Growth**: Key has experienced significant growth in commercial and industrial (C&I) loans, with a 2% to 3% growth rate in the middle market [39][40] - **Pricing Competition**: While there is increased interest in loan growth among banks, pricing competition has remained stable [45] Future Outlook - **Growth Strategy**: Key aims to continue its focus on primacy clients, enhance product platforms, and scale its embedded banking strategy [21][22] - **Capital Management**: Key has a $1 billion buyback authorization and plans to manage its capital ratio effectively amid market volatility [74][75] Additional Insights - **Client Relationships**: The average tenure of Key's middle market clients exceeds 15 years, indicating strong loyalty and potential for increased product penetration [13][64] - **Private Credit**: Key is strategically positioned in the private credit space, focusing on partnerships and maintaining a competitive edge [66][70] This summary encapsulates the key insights and strategic directions discussed during the KeyCorp conference, highlighting the company's focus on growth, client relationships, and market adaptability.

Commercial Banking Performance - KeyCorp's Middle Market business boasts approximately 4,600 customers, with 98% of deposits linked to an operating account[3] - The Middle Market business demonstrates an average Return on Equity (ROE) of approximately 17-20%[3] - Commercial Payments revenue has experienced a Compound Annual Growth Rate (CAGR) of roughly 10% over the past 5 years[3] - Commercial deposits have grown from approximately $36 billion in 2019 to around $58 billion in 2024[11] - Middle Market revenue increased from approximately $800 million in 2019 to over $1 billion in 2024, representing a growth of +24%[11] - Commercial Payments revenue increased from approximately $290 million in 2019 to around $360 million in 2024, representing a growth of +24%[11] Commercial Payments & Fintech - KeyCorp's Commercial Payments business handled approximately $58 billion in 2024[3] - The company has seen a 325% growth in API clients[9] - Embedded Banking clients have grown by 71%[9] - The embedded banking industry is projected to grow from $32 billion in 2024 to $62 billion in 2030[9]

Core Insights - KeyBank has been recognized as one of the 50 most community-minded companies in America for the twelfth time in 2025, highlighting its consistent high performance over the program's 13-year history [1][3] - KeyBank has also been named the Financials Sector Leader for the eighth consecutive year, showcasing its leadership in community engagement within the financial sector [3] Community Engagement and Social Impact - The recognition is based on four dimensions: investment of resources, integration across business functions, institutionalization through policies and systems, and impact measurement [2] - KeyBank has invested over $50 billion in community initiatives since 2017, focusing on affordable housing, small business and home lending, and transformative philanthropy [4] Company Overview - KeyCorp is celebrating its bicentennial in 2025, marking 200 years of service across the United States, with assets totaling approximately $189 billion as of March 31, 2025 [5] - KeyBank operates approximately 1,000 branches and 1,200 ATMs, providing a range of financial services including deposit, lending, cash management, and investment services [6] Philanthropic Efforts - The KeyBank Foundation is a nonprofit organization that supports initiatives aimed at improving financial wellness, education, and community development, emphasizing strategic philanthropy to create thriving communities [7]