1. KeyCorp lowers prime lending rate to 6.75% effective December 11, 2025. 2. This reduction could stimulate borrowing demand for businesses and consumers. 3. KeyCorp serves clients in 15 states with over 1,000 branches. 4. The bank is celebrating its 200th anniversary in 2025. 5. Assets are reported to be approximately $187 billion as of September 2025.
FAQ
Why Bullish?
Lowering the prime rate typically boosts lending, potentially increasing revenues. Historical reductions have correlated with stock price increases.
How important is it?
The prime rate reduction influences economic conditions, crucial for a banking institution's profitability.
Why Short Term?
The reduction in the prime rate can affect immediate borrowing costs, impacting financial performance quickly.
CLEVELAND, Dec. 10, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) and its banking affiliates have lowered their prime lending rate to 6.75 percent from 7.00 percent, effective tomorrow, Dec. 11, 2025.
About KeyCorp
In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at Sept. 30, 2025. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.
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SOURCE KeyCorp