KeyCorp completed a strategic minority investment from Scotiabank, totaling approximately $2.8 billion for a 14.9% ownership stake. This provides KeyCorp with additional capital and a strategic partner.

KeyCorp expanded its commercial banking presence in Chicago and Southern California. This demonstrates a focus on strategic growth in key metropolitan areas.

KeyCorp strategically repositioned its available-for-sale investment securities portfolio, resulting in a pre-tax loss of $1.8 billion. This action aims to improve future net interest income by reinvesting in higher-yielding assets.

KeyCorp achieved meaningful positive operating leverage in the second half of the year, indicating improvements in efficiency and profitability.

KeyCorp completed core technological modernization projects of its commercial loan platform and derivatives platform. This demonstrates a commitment to improving operational efficiency and technological capabilities.

Management successfully integrated Scotiabank as a strategic minority investor, adding two directors to the board. This demonstrates effective management of strategic partnerships.

The 10-K highlights the risk of commercial real estate market deterioration, particularly in office properties, impacting loan portfolios and borrowers' ability to repay debts.

The document emphasizes the sensitivity to interest rate risk, which could adversely affect net interest income. This is a persistent risk for financial institutions.

The 10-K acknowledges the heightened risk of cybersecurity incidents and the need for ongoing investment in security measures. This highlights the persistent and evolving nature of cyber threats.

The 10-K acknowledges the highly competitive market for banking and financial services. Maintaining or increasing market share depends on adapting products and services to evolving industry standards and consumer preferences.

The document highlights the increasing competition for talent, requiring investments in compensation and benefits to attract and retain skilled people. This is a key factor in maintaining a competitive edge.

Acquisitions or strategic partnerships may disrupt the business and dilute shareholder value. This is a risk associated with growth strategies.

The company is focused on generating positive operating leverage by growing revenue and creating a more efficient operating environment, indicating a focus on operational efficiency.

The completion of core technological modernization projects of the commercial loan platform and derivatives platform is anticipated to improve operational efficiency.

The company plans to leverage its continuous improvement culture to maintain an efficient cost structure that is aligned, sustainable, and consistent with the current operating environment.

KeyCorp completed core technological modernization projects of its commercial loan platform and derivatives platform, indicating a commitment to technological advancement.

The company is adapting its products and services to evolving industry standards and consumer preferences, including digital delivery, indicating a focus on innovation and technology.

KeyCorp is increasing its focus on client experience across its online banking channels, indicating a commitment to improving digital interactions with customers.

The Board declared a quarterly dividend of $0.205 per common share, demonstrating a commitment to returning capital to shareholders.

The company did not complete any open market share repurchases in 2024, indicating a shift in capital allocation priorities.

KeyCorp issued shares to Scotiabank for approximately $2.8 billion, indicating a strategic decision to strengthen capital and foster a partnership.

The company remains committed to engaging a high-performing and talented workforce and fostering an inclusive environment, indicating a focus on social responsibility.

The company is subject to the CRA final rule, indicating a focus on meeting the credit needs of communities, including low- and moderate-income neighborhoods.

The company is subject to interagency guidance on climate-related financial risks, indicating a focus on environmental risk management.

The company's profitability depends on economic conditions in geographic regions and market segments, highlighting the impact of the external environment.

The company is subject to extensive government regulation, supervision, and tax legislation, which could limit business initiatives and increase costs.

The FDIC increased its estimate of losses from protecting uninsured depositors, increasing the amount that KeyCorp would collect through special assessment.