CLEVELAND, Jan. 15, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Mohit (Mo) Ramani will join Key as Chief Risk Officer (CRO), effective January 23, 2025."I am very pleased to welcome Mo to Key," said Chris Gorman, Chairman and Chief Executive Officer of KeyCorp. "I am confident that with Mo's leadership, experience, and expertise we will continue to elevate our risk management practices and culture, further enabling strong, profitable growth for Key."Mo joins Key from Truist Financial Corporation ...

Wall Street expects a year-over-year increase in earnings on higher revenues when KeyCorp (KEY) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 21. On ...

Financial Stress and Debt - One-third of Americans (33%) feel daily anxiety due to debt, yet 37% need to pay down less than $5,000 to relieve this stress [3] - 70% of Americans are confident they can pay off their credit card every month, and 87% are confident in meeting monthly rent or mortgage payments [3] - 44% of Americans say they do not have credit card debt [3] Financial Goals and Comfort - 68% of Americans say they need more money to live comfortably, and 45% are less than $2,500 per month away from reaching that comfort goal [2] - 54% of respondents say they are moving closer to their financial comfort goal, and 32% say they already live comfortably [2] - 73% of Gen Z respondents report they're moving closer to having enough to live comfortably, despite 63% feeling financially stressed [3] Homeownership and Long-Term Goals - 46% of respondents who do not own a home say that homeownership is not attainable for their families, up from 39% last year [3] - 63% of Americans are not confident in their ability to take on a mortgage, and 54% are not confident they can contribute more to a retirement account [5][7] - 23% of survey respondents say understanding special purpose credit programs would increase their confidence in homebuying [3] Financial Resilience and Confidence - 45% of respondents are certain they could come up with $2,000 if an unexpected need arose within the next month [4] - 34% of Americans say they are confident they could come up with $5,000 if they needed to [3] - Accomplishing short-term goals, such as creating and sticking to a budget, is a significant step in building financial resiliency for the long term [7] Financial Imposter Syndrome and Resources - Financial imposter syndrome refers to the self-doubt many people feel about their financial skills versus the actual reality of their financial picture [1] - KeyBank offers online resources, including the Financial Wellness Center's Banking 101 curriculum, and local bankers to help clients understand their financial situation and build confidence [8]

CLEVELAND, Jan. 6, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced that Robert Weiss has joined the company as Head of Key Family Wealth where he will collaborate across the enterprise to grow the ultra-high net worth client segment. He is based in New York City and reports to Key Wealth President Joe Skarda."Robert is a proven leader in the wealth management industry," said Skarda. "He brings a high level of expertise, values and client dedication aligned with our approach and overall strategy. I am con ...

KeyCorp (KEY) has announced the completion of The Bank of Nova Scotia’s (also known as Scotiabank) (BNS) remaining 10% investment in its equity for $2 billion. The companies received approval from the Federal Reserve for the deal on Dec. 12.Now, BNS owns almost a 14.9% equity stake in KeyCorp. This completes Scotiabank’s strategic minority investment in KEY, announced on Aug. 8, 2024.For Scotiabank, the step marks a massive advancement as it tries to expand operations in North America. It will be able to ap ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

CLEVELAND, Dec. 27, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected.  With this investment, Scotiabank (TSX: BNS) (NYSE: BNS) now owns approximately 14.9% of KeyCorp's common stock. The parties received Federal Reserve approval for the transaction on December 12, 2024. This purchase completes Scotiabank's strategic minority investment in KeyC ...

CLEVELAND, Dec. 18, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. About KeyCorpKeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $190 billion at September 30, 2024.   Key provides deposit, lending, cash management, and investmen ...

CLEVELAND, Dec. 13, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that all required regulatory approvals have been received for completion of The Bank of Nova Scotia's ("Scotiabank") strategic minority investment in Key as announced on August 12, 2024.   The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024.  The initial investment of 4.9% was completed on August 30, 2024. ...

CLEVELAND, Nov. 22, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Chris Gorman, Chairman and Chief Executive Officer, will speak at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2024, at 11:20 a.m. ET in New York City.KeyCorp plans to review its performance, strategy, and outlook, and the discussion may include forward-looking statements and other material information. The live audio webcast of the conference call will be available at www.key.com/ir. If you are una ...