KeyCorp posted solid Q4 earnings, driven by robust investment banking performance and higher net interest income, leading to an optimistic FY 2025 outlook. Despite a valuation recovery post-2023 crisis, KeyCorp remains a hold due to its premium to book value. The bank's trend in provisioning expenses is favorable and KeyCorp benefited from solid balance sheet quality.
KeyCorp KEY reported better-than-expected earnings for the fourth quarter on Tuesday.
In its fourth-quarter results released Tuesday (Jan. 21), financial institution KeyCorp, noted growth in its deposits. Management stated on a conference call with analysts that growth opportunities lie within embedded banking offerings.
KeyCorp (NYSE:KEY ) Q4 2024 Earnings Call Transcript January 21, 2025 8:00 AM ET Company Participants Brian Mauney - Director of IR Chris Gorman - Chairman and CEO Clark Khayat - CFO Conference Call Participants John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Merrill Lynch Bill Carcache - Wolfe Research Manan Gosalia - Morgan Stanley Matthew O'Connor - Deutsche Bank Mike Mayo - Wells Fargo Erika Najarian - UBS Brian Foran - Truist Thomas Leddy - RBC Operator Good morning, and welcome to KeyCorp's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
KEY's fourth-quarter results top estimates on higher NII & adjusted non-interest income alongside lower costs and provisions. Yet, weak asset quality is a woe.
While the top- and bottom-line numbers for KeyCorp (KEY) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
KeyCorp (KEY) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.25 per share a year ago.
Fee income and NII growth are likely to have aided KEY's fourth-quarter 2024 earnings, while a rise in provisions and elevated expenses are likely to have hurt.
KeyCorp KEY will release earnings results for its fourth quarter, before the opening bell on Tuesday, Jan. 21, 2025.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for KeyCorp (KEY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
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.
Stanley Druckenmiller ran Duquesne Capital Management for 24 years, from 1986 to 2010.