KeyCorp(NYSE) KEY

KeyCorp helps people and businesses manage their money. It provides loans and savings accounts across 15 states. The bank also offers financial advice to its clients.

More Than Just Deposits

• Consumer Bank: Banking and investment products for individuals and small businesses; includes savings, loans, and wealth management services.
• Commercial Bank: Lending and capital market services for middle-market clients; includes treasury management and equipment financing solutions.
• Capital Markets: Trading and underwriting services for corporate and institutional clients; includes fixed income and public finance products.
• Wealth Management: Asset management and trust services for high-net-worth clients; manages $74.2 billion in assets as of June 30, 2026.

Moving Into New Markets

• Announced an agreement to acquire Clearwater U.K. to expand middle-market mergers and acquisitions advisory capabilities internationally.
• Grew priority fee-based businesses, including investment banking and wealth management, by 8% in the first half of 2026.
• Repurchased $341 million of common shares during the second quarter of 2026 to return capital to shareholders.
• Increased relationship households by approximately 3% year over year in the quarter ended June 30, 2026.

How the Bank Stands Out

The company operates 999 branches and 1,317 automated teller machines across 15 states to reach local clients. It focuses on deepening relationship households through fee-based services like wealth and asset management.

Analyzing the Latest Results

• Net income from continuing operations reached $472 million in the second quarter of 2026.
• Taxable-equivalent net interest income was $1.26 billion for the quarter ended June 30, 2026, up $108 million year over year.
• Average commercial loans grew to $81.0 billion in the second quarter of 2026.
• Assets under management reached $74.2 billion at June 30, 2026, a 15.5% increase year over year.
• The Common Equity Tier 1 capital ratio, a measure of financial stability, was an estimated 11.2% as of June 30, 2026.

Evolution of Regional Banking

KeyCorp has evolved from a traditional regional lender into a diversified financial services firm. Its focus on specialized industry expertise and fee-based revenue supports its stability through various economic cycles.