KeyCorp has become one of only two major banks nationwide with the highest financial strength rating. Key, which is the largest local bank with 22 percent of deposits in Greater Cleveland and more than 90 branches in the Cleveland and Akron markets, has jumped three levels in the last two years in the latest study released by Bauer Financial of Florida. Bauer conducts the analysis every quarter for all of the nation's more than 7,000 banks. The research company compiles the ratings after analyzing factors that demonstrate the bank's strength, including profits, assets and cash on hand. It recommends doing business with banks with four or five stars. A five-star rating, which KeyCorp now has, means "superior." While 12 banks out of the 35 in Northeast Ohio have five-star ratings, most are significantly smaller than Key. And of the 25 largest banks in the nation, the only other with a five-star rating is RBS/Citizens of Rhode Island, which is the parent of Charter One. The Plain Dealer (Cleveland, Ohio) Cleveland.com
Recent KEY News
- U.S. Futures Rebound Amid Global Market Fluctuations, Oil Prices Decline • IH Market News • 04/18/2024 11:15:03 AM
- KEYCORP REPORTS FIRST QUARTER 2024 NET INCOME OF $183 MILLION, OR $.20 PER DILUTED COMMON SHARE, WITH $.02 IMPACT FROM THE FDIC SPECIAL ASSESSMENT(a) • PR Newswire (US) • 04/18/2024 10:30:00 AM
- KeyBank Receives 11th Consecutive "Outstanding" Rating from the OCC on Community Reinvestment Act Exam • PR Newswire (US) • 04/10/2024 01:07:00 PM
- KeyBank Affirms Commitment to Accessible and Affordable Pathways to Homeownership • PR Newswire (US) • 04/08/2024 01:07:00 PM
- KeyBank Surpasses $10 Million in Funded Loans Through Key Opportunities Home Equity Loan Program • PR Newswire (US) • 03/25/2024 01:07:00 PM
- KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership • PR Newswire (US) • 03/18/2024 09:30:00 PM
- NEUBERGER BERMAN AND KEY WEALTH ANNOUNCE A PROPRIETARY CUSTOMIZED DIRECT INVESTMENT OFFERING FOR KEY PRIVATE BANK CLIENTS • PR Newswire (US) • 03/18/2024 12:30:00 PM
- KEYCORP TO PRESENT AT THE 2024 RBC CAPITAL MARKETS GLOBAL FINANCIAL INSTITUTIONS CONFERENCE • PR Newswire (US) • 02/26/2024 09:30:00 PM
- KEYCORP ANNOUNCES STACY L. GILBERT TO SUCCEED DOUGLAS M. SCHOSSER AS CHIEF ACCOUNTING OFFICER • PR Newswire (US) • 02/26/2024 12:30:00 PM
- KEY PRIVATE BANK WINS AWARD FOR 'PRIVATE BANKING CLIENT SERVICE' AT THE 2024 PRIVATE ASSET MANAGEMENT AWARDS • PR Newswire (US) • 02/09/2024 03:15:00 PM
- KEYCORP TO PRESENT AT THE BANK OF AMERICA SECURITIES 2024 FINANCIAL SERVICES CONFERENCE • PR Newswire (US) • 02/05/2024 02:00:00 PM
- KEYBANK PARTNERS WITH COMMUNITY LENDING INSTITUTIONS TO PROVIDE $50 MILLION IN ACCESS TO CAPITAL • PR Newswire (US) • 01/23/2024 02:00:00 PM
- Americans Say Money Isn't Buying Happiness, Even as Savings Shrink, Finds KeyBank Survey • PR Newswire (US) • 01/22/2024 02:07:00 PM
- KEYCORP REPORTS FOURTH QUARTER 2023 NET INCOME OF $30 MILLION, OR $.03 PER DILUTED COMMON SHARE • PR Newswire (US) • 01/18/2024 11:30:00 AM
- Wall Street Highlights: Sheryl Sandberg Leaves Meta Board, Intel’s EU Dispute Developments, and More • IH Market News • 01/18/2024 11:04:10 AM
- KeyBank Names Rachael Sampson Head of Community Banking for the Consumer Bank • PR Newswire (US) • 01/12/2024 02:07:00 PM
- KEYCORP ANNOUNCES RETIREMENT OF VERNON PATTERSON, DIRECTOR OF INVESTOR RELATIONS; BRIAN MAUNEY JOINS KEY AS SUCCESSOR • PR Newswire (US) • 01/10/2024 09:55:00 PM
- KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS; SETS ANNUAL MEETING DATE • PR Newswire (US) • 01/10/2024 09:45:00 PM
- KEYCORP NAMES DARRIN BENHART AS CHIEF RISK OFFICER • PR Newswire (US) • 01/09/2024 09:15:00 PM
- KeyBank Foundation Invests More than $6 Million in 12 Cleveland Area Non-Profit Organizations • PR Newswire (US) • 01/03/2024 02:07:00 PM
- KeyBank announces charitable donations to Maine nonprofits • PR Newswire (US) • 12/28/2023 01:30:00 PM
- KeyBank announces KeyBank Foundation grants to Connecticut and Western Massachusetts nonprofits • PR Newswire (US) • 12/21/2023 01:45:00 PM
- KeyBanc Capital Markets and Sapphire Ventures Private SaaS Company Survey Reveals Pivot to Efficient Growth and Profitability • PR Newswire (US) • 12/18/2023 03:05:00 PM
- KeyBank Foundation Invests $1,000,000 to Support Several Non-Profit Organizations in Central New York • PR Newswire (US) • 12/18/2023 02:12:00 PM
- KeyBank announces Foundation grants in Hudson Valley and Metro New York • PR Newswire (US) • 12/15/2023 01:46:00 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM