Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 20

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 20
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 30, 2025, our bank, trust, and registered investment advisory subsidiaries had assets under management of $67.9 billion, up 11.0% compared to September 30, 2024. The increase was driven by continued net positive cash in-flows and market impacts on portfolios.

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Figure 5. Assets Under Management or Administration

Dollars in millionsSeptember 30, 2025June 30, 2025March 31, 2025December 31, 2024September 30, 2024Discretionary assets under management by investment type:Equity$37,919 $35,987 $33,478 $34,541 $34,500 Fixed income15,183 14,591 14,290 13,942 14,256 Money market6,595 6,420 6,851 6,785 6,587 Total discretionary assets under management59,697 56,998 54,619 55,268 55,343 Non-discretionary assets under administration8,158 7,246 6,434 6,093 5,779 Total$67,855 $64,244 $61,053 $61,361 $61,122     

Investment banking and debt placement fees

Investment banking and debt placement fees consist of syndication fees, debt and equity securities underwriting fees, merger and acquisition and financial advisory fees, gains on sales of commercial mortgages, and agency origination fees. For the three months ended September 30, 2025, investment banking and debt placement fees were up $13 million, or 7.6%, compared to the same period a year ago. For the nine months ended September 30, 2025, investment banking and debt placement fees increased $70 million, or 15.0%. The increases for both periods reflect higher commercial real estate and new equity issue underwriting activity.

Service charges on deposit accounts

Service charges on deposit accounts increased $8 million, or 11.9%, for the three months ended September 30, 2025, compared to the same period one year ago. For the nine months ended September 30, 2025, service charges on deposit accounts increased by $21 million, or 10.7%, from the nine months ended September 30, 2024. These increases continue to be driven by account analysis fees.

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