KeyCorp (KEY)

NYSE - Nasdaq Real-time price. Currency in USD

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15.88

-0.30

(-1.85%)

At close: 04:00PM EDT

15.90

+0.02

(+0.13%)

After hours:

05:47PM EDT

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Zacks
KeyCorp to Incur $700M Loss in Q3 on Balance Sheet Repositioning
KEY sells low-yielding securities worth $7 billion. This strategic balance sheet repositioning will likely result in a one-time loss of $700 million in Q3.
Zacks
The Zacks Analyst Blog Highlights KeyCorp, Wells Fargo, U.S. Bancorp and The Bank of Nova Scotia
KeyCorp, Wells Fargo, U.S. Bancorp and The Bank of Nova Scotia are included in this Analyst Blog.
Reuters
US lender KeyCorp sells nearly $7 billion of low-yield investments
The bank had said in August that it would look to reposition its securities portfolio to improve profitability after announcing a deal with Canada's Scotiabank. "While the timing is always a wildcard, recall that KEY had done the Scotiabank transaction in part to offer flexibility for such a repositioning," Piper Sandler analysts wrote. Shares of KeyCorp, which offloaded investments that were offering about 2.3% yield on average, were up 2.4% in early trading.