---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-215513"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:59:49.010094+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# KeyCorp sells $7B low-yield securities, expects $700M after-tax loss in Q3 2024

## Summary
- Sold ~$7.0B of low-yielding investment securities in a strategic repositioning.
- Expected after-tax loss of ~$700M in Q3 2024 from the sale.
- Sold securities had weighted average book yield of ~2.3% and average duration of ~6 years.
- Net proceeds likely to be reinvested in higher-yielding assets to improve income.

## SEC filing metadata
- accession: 0001193125-24-215513
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000119312524215513/0001193125-24-215513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000119312524215513/d898120d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-215513
- JSON: https://secwatch.observer/filing/0001193125-24-215513.json
- Plain text: https://secwatch.observer/filing/0001193125-24-215513.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.