KeyCorp Increases AI Investment To $1 Billion

KeyCorp reported fourth-quarter results on Jan. 20, saying it increased technology and operations spending by roughly $100 million in 2025 to about $900 million and plans to reach $1 billion in 2026 while deploying AI and automation across call centers, loan underwriting and internal workflows. Credit metrics improved—Q4 net charge-offs fell to 39 basis points and full-year charge-offs were 41 bps—and management forecast about 7% revenue growth and 3–4% expense growth for 2026.