Company
KeyCorp
Headquarters: Cleveland, OH, United States
Founded: 1825
Employees: 17,654
CEO: Mr. Christopher Marrott Gorman
Market Cap
$13.42 Billion
USD as of Jan. 1, 2024
KeyCorp Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Company Description
KeyBank, the main subsidiary of KeyCorp, a regional bank headquartered in Cleveland, Ohio, and involved in retail, small business, corporate, and investment banking. It is operating more than 1,100 branches and 1,500 ATMs throughout 39 states: Alaska, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Vermont, Virginia, Washington, D.C., and Washington.
Top Competitors by Market Capitalization
Industry: Banks—Regional
| Company | Market Cap (USD) |
|---|---|
| HDFC Bank | $167.72 B |
| China Merchants Bank | $98.57 B |
| Al Rajhi Banking and Investment Corp | $93.33 B |
| ICICI Bank Limited | $83.47 B |
| BNP Paribas SA | $80.01 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.
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Stocks & Indices
KeyCorp has the following listings and related stock indices.
Stock: NYSE: KEY wb_incandescent
Stock: FSX: KEY wb_incandescent
Product & Services
Banking
Key People
Christopher M. Gorman (Chairman, CEO and President) Donald R. Kimble, (CFO)
Financials
Revenue: $6.400 billion (2019)
Net income: $1.708 billion (2019)
Total assets: $171.988 billion (2020)
Total equity: $18.038 billion (2020)