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KeyCorp
Stock Symbol: KEY
127 Public Square
Cleveland, OH 44114
216-689-6300 (phone)
216-689-0519 (fax)
http://www.key.com
KeyCorp Industry:
Regional Banks
KeyCorp Description:
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $81 billion. Key companies provide investment management, retail and commercial banking,retirement, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through KeyCenters and offices; a network of more than 2,300 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com(R), that provides account access and financial products 24 hours a day.
KeyCorp Financial Summary:
For the nine months ended 30 September 2005, KeyCorp's total interest income increased 21% to $3.36B. Net interest income after loan loss provisions increased 14% to $1.97B. The Company's net income for the period increased 12% to $833M. Net interest income reflects higher loans and loan yields, partially offset by lower interest spreads. Earnings also suffered from decreased trust and investment services income.
KeyCorp Business Summary:
KeyCorp is a bank holding company and a financial holding company. Its subsidiaries provide a wide range of retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients through three major business groups: Consumer Banking, Corporate and Investment Banking, and Investment Management Services. As of December 31, 2004, services were provided across much of the United States through subsidiaries operating 935 full-service retail banking branches (KeyCenters), a telephone banking call center services group and 2,194 automated teller machines (ATMs) in 17 states. In December 2004, Key Equipment Finance (KEF), a unit of KeyCorp, acquired American Express Business Finance Corporation (AEBF), the equipment-leasing unit of American Express' small business division.
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