Growth in fee income and NII are likely to have aided KEY's first-quarter 2025 earnings, while higher provisions and elevated expenses are likely to have hurt.
Get a deeper insight into the potential performance of KeyCorp (KEY) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
KeyCorp Chairman and CEO Chris Gorman joins 'Mad Money' host Jim Cramer to talk the state of the regional banking sector, what they are hearing from clients, the impact of market volatility and more.
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.
KeyCorp's 2024 performance was bolstered by a $2.8 billion investment from Scotiabank, enabling a strategic portfolio repositioning and significant improvements in net interest income. Despite market weakness, KeyCorp's strong investment banking unit, solid loan portfolio, and expected net interest margin growth to 300 basis points by 2026 warranted further investigation. The Scotiabank investment also improved KeyCorp's capital ratios and positions the bank for potential acquisitions, enhancing its value proposition.
KeyCorp announces a $1 billion share repurchase program, which will commence in the second half of 2025.
Seven of the ten lowest-priced BBB "Safer" dividend stocks, including Altria, Verizon, and Conagra, meet the dogcatcher ideal of dividends from $1000 invested exceeding single share prices. Analysts project 15.22% to 43.43% net gains for top-ten BBB dividend dogs by March 2026, with U.S. Bancorp and KeyCorp leading. Five BBB stocks, such as KeyCorp and Truist, show negative free cash flow margins, making them unsafe buys despite high yields.
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.