KeyCorp

KeyCorp is the holding company for KeyBank National Association, offering a wide range of retail and commercial banking products and services across the United States. It operates through two main segments: Consumer Bank and Commercial Bank. The Consumer Bank provides deposit accounts, personal loans, student loan refinancing, mortgages, home equity lines, credit cards, and wealth management services. The Commercial Bank serves businesses with treasury management, commercial leasing, equipment financing, commercial mortgages, and capital market products including syndicated finance, debt and equity underwriting, fixed income and equity sales and trading, derivatives, foreign exchange, mergers and acquisition advisory, and public finance. Additionally, KeyCorp offers trust and custody services, mutual fund access, international banking, and community development financing.

KeyCorp's preferred stock with the ticker symbol KEY-PJ is listed on the New York Stock Exchange (NYSE). The trading currency for this security is the US Dollar (USD). As a US-based company, all its financial reporting and dividends are denominated in USD. The NYSE listing provides liquidity and exposure to a broad investor base, and the preferred shares offer a fixed dividend rate, making them attractive to income-focused investors.

KeyCorp operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank holding company, it focuses on providing banking and financial services primarily in the United States. Regional banks like KeyCorp typically serve customers in specific geographic areas, offering a mix of retail and commercial banking products. KeyCorp's operations are centered in Ohio but extend across many states through its KeyBank branches. Its industry classification reflects its role as a traditional bank with a regional footprint, distinct from global systemically important banks or specialized financial institutions.

KeyCorp is headquartered in Cleveland, Ohio, United States. Founded in 1849, the company has a long history in the American banking sector. It serves customers across the United States through its subsidiary KeyBank National Association, offering a comprehensive suite of banking products to individuals, small businesses, mid-sized companies, large corporations, and institutional clients. While its primary market is the US, it also provides international banking services to support clients with cross-border needs. The company's focus is on domestic markets, with a strong presence in the Midwest and select other regions.

KeyCorp generates revenue primarily through net interest income and non-interest income. Net interest income comes from the spread between interest earned on loans and securities and interest paid on deposits and borrowings. The company offers a variety of loan products including commercial loans, mortgages, home equity lines, and consumer loans. Non-interest income includes fees from deposit accounts, treasury management services, investment management, wealth advisory, capital market activities such as underwriting and advisory, and service charges. KeyCorp also earns revenue from leasing, equipment finance, and community development financing. The two operating segments, Consumer Bank and Commercial Bank, each contribute to these revenue streams, with the Commercial Bank typically generating a significant portion from corporate lending and capital markets.