KeyCorp Slashes Prime Lending Rate to 7.00% – Here’s What Borrowers & Investors Need to Know
KeyCorp said Oct. 29 it will cut its prime lending rate to 7.00% from 7.25%, effective Oct. 30, following the Federal Reserve’s second rate cut of 2025. Webster Bank matched the move. KeyCorp, a Cleveland-based regional bank with $187 billion in assets, trades near $17.40. Analyst price targets for KEY range from $19 to $24, with recent target hikes from UBS and Morgan Stanley.
