国泰海通证券股份有限公司 关于 交通银行股份有限公司 向特定对象发行 A 股股票 之 上市保荐书 保荐人（主承销商） 二〇二五年六月 交通银行股份有限公司 向特定对象发行 A 股股票之上市保荐书 声 明 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）接受交 通银行股份有限公司（以下简称"交通银行"、"公司"或"发行人"）的委托， 担任交通银行本次向特定对象发行 A 股股票的保荐人。 国泰海通及其保荐代表人根据《中华人民共和国公司法》 （以下简称"《公司 法》"） 、《中华人民共和国证券法》》（以下简称"《证券法》"）、《证券发行 上市保荐业务管理办法》《上市公司证券发行注册管理办法》（以下简称"《注册 管理办法》 "）《上海证券交易所股票上市规则》 《上海证券交易所上市公司证券发 行与承销业务实施细则》等有关法律、行政法规和中国证券监督管理委员会、上 海证券交易所的规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行 业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 （本上市保荐书如无特别说明，相关用语具有与《交通银行股份有限公司向 特定对象发行 A 股股票募集说明书》中相同的含 ...

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.

Capital One Financial Corporation (COF) Q1 2025 Earnings Conference Call April 22, 2025 05:00 PM ET Company Participants Jeff Norris - Senior Vice President of FinanceAndrew Young - Chief Financial OfficerRichard Fairbank - Chairman and Chief Executive Officer Conference Call Participants Ryan Nash - Goldman Sachs AnalystSanjay Sakrani - KBW AnalystTerry Ma - Barclays AnalystMoshe Orenbook - TD Cowan AnalystRick Shane - JP Morgan AnalystJohn Pancari - Evercore ISI AnalystMihir Bhatia - Bank of America Analy ...

文/西风 1月17日，深交所公布对广州银行主板IPO终止审核的决定，直接原因是公司及保荐机构国泰君安撤回申请。广州银行IPO于2023年3月3日获得受理，但一直未等来 首轮问询。公司已公布5版招股书申报稿，最新版招股书于2024年6月29日公布。公司申报IPO拟募资94.7874亿元，全部用于补充该行核心一级资本。 一、实控人为广州市政府，公司有1.097万名自然人股东 该行前身广州城市合作银行成立于1996年9月，1999年7月更名为广州市商业银行股份有限公司，2009年11月变更为现有名称。目前该行注册资本117.75717亿元。 公司控股股东广州金融控股集团有限公司直接持股比例22.58%，通过全资子公司广永国资持有股份比例19.71%。广州金控直接和间接股份比例为42.30%，公司实 际控制人为广州市人民政府。公司另有10970名自然人股东合计持股比例1.88%。 招股书披露：截至2023年12月31日，本行尚有296户非自然人股东和1,100户自然人股东因无法联系或股东资格存在瑕疵而未完成确权，所持股份数合计61,748,469 股，占本行发行前总股本的0.52%。上述未确权股东所持股数占本行总股本 ...