KeyCorp (KEY) has seen notable activity involving strategy and human resources, alongside fluctuating stock performance and dividends. The recent appointment of
Mohit Ramani as the new
Chief Risk Officer signifies a shift in the company's risk management approach. Meanwhile,
Robert Weiss has been appointed as the head of the Family Wealth Business.
KeyCorp's stock has experienced a tumultuous time, with high provisions reportedly set to impact earnings. The banking firm has declared its Q1 2025 dividends, with a dividend of $0.205 per share on common stock plus preferred dividends. KeyCorp also received a
strategic minority investment from Scotiabank, a move predicted to significantly aid in the NII expansion for the company by 2025 - a development the Fed has granted approval for.
Scotiabank purchased a 14.9% stake in KeyCorp in a $2.8 billion deal. Despite some projected losses and lower estimates for Q3, analysts are optimistic about well-capitalized KeyCorp’s growth trajectory in the coming years. Other relevant events include KeyCorp cutting its prime lending rate and making moves to reposition its available-for-sale investment securities portfolio.
Keycorp KEY News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Sat, 18 Jan 2025 05:59:48 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -4
