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With Beth Mooney in charge, KeyCorp has emerged as one of the industry's top regional banking companies while becoming a model for workplace diversity.
September 22 -
It was a celebration more than anything else, but the honorees at American Banker's annual Most Powerful Women in Banking and Finance dinner Thursday had plenty to say on themes that are sure to resonate.
October 9 -
The Cleveland company, which this spring said it had decided to start originating its own mortgage loans again, shared more details on the start date of this new effort and the rationale behind it.
July 16
KeyCorp in Cleveland posted higher third-quarter profits as revenue soared on growth in fee income from its investment banking business.
The $95.4 billion-asset company reported Thursday that it had earned $213 million, up 18% from a year earlier. Earnings per share totaled 26 cents, compared with 23 cents a share a year earlier.
Revenue increased 7%, to $1.1 billion, primarily from an almost 13% jump in noninterest income. KeyCorp’s fee income, which totaled $470 million, was helped by the
Net interest income rose roughly 3%, to $598 million. Average loans totaled $59.3 billion, up 6% year over year. Commercial loans surged almost 15%, to $30.4 billion, while total home equity loans declined more than 1%, to $10.5 billion.
Noninterest expense totaled $724 million, up more than 2% from a year earlier, mostly from increased personnel costs from higher performance-based compensation related to a strong capital markets business and the acquisition of Pacific Crest, the company said.
