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KeyCorp (KEY.N)

KEY.N on New York Stock Exchange

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17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Keycorp declares increased quarterly common share dividend
Thursday, 16 Nov 2017 04:05pm EST 

Nov 16 (Reuters) - Keycorp ::Keycorp declares increased quarterly common share dividend of ten and one half cents.Keycorp - ‍cash dividend of $0.105 per common share represents an 11% increase compared to $0.095 per common share paid last quarter​.  Full Article

Keycorp reports Q3 adjusted earnings per share $0.35‍​
Thursday, 19 Oct 2017 06:30am EDT 

Oct 19 (Reuters) - Keycorp :KeyCorp reports third quarter 2017 net income of $349 million, or $.32 per common share.KeyCorp - Qtrly net loan charge-offs $32‍​ million versus $44 million last year.KeyCorp - Qtrly allowance for loan and lease losses $880‍​ million versus $865 million last year.KeyCorp- Qtrly common equity tier 1 ratio 10.26‍​ percent versus 9.91 percent in Q2.KeyCorp- Qtrly tier 1 risk-based capital ratio ‍​ 11.11 percent versus 10.73 percent in Q2.Keycorp - ‍Taxable-equivalent net interest income was $962 million for Q3 compared to taxable-equivalent net interest income of $788 million for Q3 of 2016​.Keycorp - ‍Q3 2017 net interest income included $48 million of purchase accounting accretion related to acquisition of First Niagara​.Keycorp - Third quarter 2017 net interest income included $48 million of purchase accounting accretion related to the acquisition of First Niagara‍​.Q3 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Keycorp - ‍Q3 results included net impact of $0.03 per common share related to merger-related charges, merchant services gain adjustment​.Keycorp - Qtrly provision for credit losses $51 million versus $59 mln‍​ last year.Qtrly adjusted earnings per share $0.35‍​.  Full Article

Keycorp says will reach $450 mln in cost savings by early 2018
Tuesday, 12 Sep 2017 12:07pm EDT 

Sept 12 (Reuters) - Keycorp ::"There is additional revenue opportunity from First Niagara, which we're in the early days of realizing" - Conf call.Keycorp says will reach $450 million in cost savings by early 2018 from First Niagara acquisition - Conf call.Keycorp says on revenue side, remains confident in reaching $300 million in revenue synergies over next 2-3 years from First Niagara acquisition - Conf call.Keycorp - subject to board approval, qtrly dividend for Q4 and Q2 of next year, would grow by additional 26% from current level to $0.12 per share - Conf call.  Full Article

KeyBanc Capital Markets to acquire Cain Brothers
Tuesday, 15 Aug 2017 04:30pm EDT 

Aug 15 (Reuters) - Keycorp :KeyBanc Capital Markets to acquire Cain Brothers.KeyCorp - ‍following closing of deal and upon receipt of regulatory approvals, Cain Brothers will go to market as a division of KeyBanc Capital Markets​.KeyCorp - ‍transaction is subject to regulatory approval and customary closing conditions and expected to close in late 2017​.  Full Article

KeyCorp sees full year 2017 net interest income $3.8 bln-$3.9 bln
Thursday, 20 Jul 2017 08:18am EDT 

July 20 (Reuters) - Keycorp :Keycorp sees net interest income for full year 2017 in range of $3.8 billion to $3.9 billion - sec filing.Keycorp - sees ‍deposits for fy17 average balances in range of $102.5 billion - $103.0 b​ln.  Full Article

Keycorp reports Q2 net income of $393 million, or $.36 per common share
Thursday, 20 Jul 2017 06:30am EDT 

July 20 (Reuters) - Keycorp :Q2 allowance for loan and lease losses $870 million versus $854 million.Q2 net loan charge-offs $66 million versus $43 million.Keycorp reports second quarter 2017 net income of $393 million, or $.36 per common share.Q2 earnings per share $0.36 from continuing operations.Qtrly common equity tier 1 ratio ‍9.97​ percent versus 9.91 percent in Q1.Qtrly tier 1 risk-based capital ratio ‍10.79​ percent versus 10.74 percent in Q1.Taxable-equivalent net interest income was $987 million for Q2 of 2017, compared to taxable-equivalent net interest income of $605 million year ago.Q2 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Key's provision for credit losses was $66 million for Q2 of 2017, compared to $52 million for Q2 of 2016.2017 capital plan, includes 2 common share dividend increases (subject to board approval), a common share repurchase program of up to $800 million.Share repurchases are expected to be executed over next four quarters.  Full Article

KeyCorp announces CCAR capital plan
Wednesday, 28 Jun 2017 04:42pm EDT 

June 28 (Reuters) - KeyCorp ::KeyCorp announces CCAR capital plan which includes two common stock dividend increases and new share repurchase authorization.KeyCorp - increase in quarterly common share dividend from $0.095 per share up to $0.105 per share.KeyCorp - additional potential increase in quarterly common share dividend, up to $.120 per share will be considered by board.KeyCorp - co's plan includes common share repurchase program of up to $800 million.KeyCorp - company anticipates repurchasing common shares under 2017 capital plan through June 30, 2018.  Full Article

KeyCorp files for potential mixed shelf, size undisclosed
Friday, 9 Jun 2017 04:05pm EDT 

June 9 (Reuters) - Keycorp ::Keycorp files for potential mixed shelf, size undisclosed - sec filing‍​.  Full Article

Keycorp names Christopher Gorman and Donald Kimble as vice chairmen
Thursday, 8 Jun 2017 04:15pm EDT 

June 8 (Reuters) - Keycorp ::Keycorp - named Christopher M. Gorman and Donald R. Kimble as vice chairmen.Keycorp - in new roles, Gorman will serve as vice chairman and president of banking and Kimble will serve as vice chairman and chief financial officer.  Full Article

Keycorp declares increased quarterly common share dividend of nine and one half cents
Wednesday, 17 May 2017 05:48pm EDT 

May 17 (Reuters) - Keycorp :Keycorp declares increased quarterly common share dividend of nine and one half cents.Keycorp - Q2 cash dividend of $0.095 per share on corporation's outstanding common shares payable on June 15, 2017.  Full Article

BRIEF-Keycorp declares increased quarterly common share dividend

* Keycorp declares increased quarterly common share dividend of ten and one half cents