KeyCorp (KEY) Q2 Earnings Surpass Estimates
KeyCorp (KEY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.27 per share a year ago.
KeyCorp forecasts bigger drop in annual average loans on tepid demand
KeyCorp forecast a bigger drop in average loans in 2024 than previously anticipated on Thursday, and posted a 5% fall in second-quarter profit as costlier deposits eroded the regional lender's interest income, sending its shares down 2% in premarket trading.
Fee Income to Aid KeyCorp (KEY) Q2 Earnings, Lower NII to Hurt
Improvement in fee income and lower provisions likely to have supported KeyCorp's (KEY) Q2 earnings amid weak NII performance and higher expenses.
Analysts Estimate KeyCorp (KEY) to Report a Decline in Earnings: What to Look Out for
KeyCorp (KEY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Bank Stock Brushes Off UBS Bear Note
KeyCorp (NYSE:KEY) stock has reversed its premarket losses, up 0.6% at $14.03 at last glance and brushing off a bear note from UBS.
KeyCorp: Several High Yield Options, I'm Avoiding All Of Them
KeyCorp has seen increases in asset and borrowing yields due to rising interest rates, but net interest income remains low. The bank has experienced declines in loans and deposits, with a significant portion of CRE loans classified as criticized. KeyCorp's preferred shares are overpriced and subject to interest rate risks, making them unattractive investment options.
KeyCorp's (KEY) Restructuring Initiatives Aid Amid High Costs
KeyCorp (KEY) remains well-poised for revenue growth via restructuring initiatives, loan and deposit growth and higher rates. A rising expense base and worsening asset quality are headwinds.
