KeyCorp (KEY) Reports Preliminary Stress Capital Buffer

KeyCorp (NYSE: KEY) announced today its preliminary Stress Capital Buffer requirement provided by the Federal Reserve as part of the 2020 Federal Reserve Capital Stress Testing exercise. The preliminary buffer is 2.5% and represents the minimum buffer required for banks the size of Key. The final Stress Capital Buffer for KeyCorp will be released by the Federal Reserve before it takes effect in the fourth quarter.

Commenting on the results from the Federal Reserve, Chris Gorman, Chairman and CEO of KeyCorp, stated, "We remain committed to maintaining our moderate risk profile and being disciplined in the way we manage our capital. Our strong balance sheet, liquidity, and capital positions our company to weather adverse economic scenarios, while continuing to support our clients, invest in our business, and provide returns for our shareholders. Our capital plans would include maintaining our common stock dividend for the third quarter of 2020, at the same level as the second quarter of 2020, subject to approval from our Board of Directors."

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