Group 1 - KeyCorp has canceled its presentation and webcast at the BancAnalysts Association of Boston Conference due to a contagious illness (walking pneumonia) [1] - KeyCorp is one of the largest bank-based financial services companies in the United States, with assets of approximately $190 billion as of September 30, 2024 [2] - The company operates under the name KeyBank National Association, providing services in 15 states through around 1,000 branches and approximately 1,200 ATMs [2] Group 2 - KeyCorp offers a wide range of financial services, including deposit, lending, cash management, and investment services to individuals and businesses [2] - The company also provides sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies [2]

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: State or other jurisdiction of incorporation or or ...

CLEVELAND, Oct. 30, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Ken Gavrity, Head of Commercial Banking, and Clark Khayat, Chief Financial Officer, will present at The BancAnalysts Association of Boston Conference on Friday, November 8, 2024, at 10:35 a.m. ET in Boston. KeyCorp plans to review its performance, strategy, and outlook. The live audio webcast of the conference call will be available at www.key.com/ir. If you are unable to join the live conference call, or wish to hear a rebroa ...

15th annual report suggests AI and macro-economic optimism as drivers of growth in 2025SAN FRANCISCO and MENLO PARK, Calif., Oct. 23, 2024 /PRNewswire/ -- KeyBanc Capital Markets (KBCM), the corporate and investment banking unit of KeyCorp (NYSE:KEY), in partnership with Sapphire Ventures, a global software venture capital firm backing companies of consequence, released results from its 15th annual Private SaaS Company Survey, the benchmarking report by which the SaaS industry measures financial and operati ...

KeyCorp (NYSE: KEY ) reported worse than expected third fiscal quarter earnings last week that were chiefly related to losses sustained from security sales. The regional bank saw a 7% quarter-over-quarter increase in net interest income, however, and had lower provision expenses, indicating Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it ...

Core Viewpoint - KeyCorp reported adjusted earnings of 30 cents per share for Q3 2024, exceeding the Zacks Consensus Estimate of 27 cents, reflecting a 3.4% increase year-over-year despite challenges in credit quality and net interest margin [1][2]. Financial Performance - Total quarterly revenues reached $695 million, with adjusted total revenues rising 3% year-over-year to $1.61 billion, surpassing the Zacks Consensus Estimate of $1.59 billion [3]. - Net interest income (NII) increased by 4.4% to $964 million, while the net interest margin (NIM) improved by 16 basis points to 2.17% [3]. - Non-interest income was negative $269 million, but adjusted non-interest income grew approximately 1% to $649 million, driven by higher trust and investment services income [4]. Loan and Deposit Trends - Average total deposits were $147.8 billion, up 2.5% from the previous quarter, attributed to growth in consumer and commercial deposits [5]. - Average total loans decreased by 2.5% sequentially to $106.2 billion due to planned balance sheet optimization efforts [5]. Credit Quality - Net loan charge-offs increased by 34 basis points year-over-year to 0.58%, with non-performing assets rising to 0.70%, up 29 basis points [6]. - The provision for credit losses was $95 million, reflecting a 17.3% increase due to changes in economic outlook and credit portfolio migration [6]. Capital Ratios - KeyCorp's tangible common equity to tangible assets ratio improved to 6.2% as of September 30, 2024, up from 4.4% a year earlier [7]. - The Tier 1 risk-based capital ratio rose to 12.6%, and the Common Equity Tier 1 ratio increased to 10.8% [7]. Strategic Developments - Scotiabank announced a $2.8 billion investment in KeyCorp, acquiring nearly 163 million shares, which is expected to enhance KeyCorp's capital ratios and tangible book value per share [8]. Market Outlook - The company anticipates that decent loan balances, balance sheet repositioning, strategic buyouts, and higher interest rates will support revenues in the near term, although rising funding costs and weakening asset quality remain concerns [9].

KeyCorp (KEY) reported $1.6 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 2.8%. EPS of $0.30 for the same period compares to $0.29 a year ago. The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $1.59 billion. With the consensus EPS estimate being $0.27, the EPS surprise was +11.11%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

KeyCorp (KEY) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of 4.17%. Over the last four quarters, the company has surpa ...

KeyCorp KEY will release earnings results for its third quarter before the opening bell on Thursday, Oct. 17. Analysts expect the Cleveland, Ohio-based company to report quarterly earnings at 15 cents per share, down from 29 cents per share in the year-ago period. KeyCorp projects to report revenue of $1.27 billion for the recent quarter, compared to $1.56 billion a year earlier, according to data from Benzinga Pro. On Monday, Baird analyst David George downgraded KeyCorp from Outperform to Neutral and lowe ...

KeyCorp (KEY) is scheduled to announce third-quarter 2024 results on Oct. 17, before the opening bell. During the quarter, lending activities witnessed modest improvement. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Per the Federal Reserve's latest data, the demand for commercial and industrial loans (accounting for roughly 50% of KeyCorp's average loan balances) improved during the third quarter. On the other hand, demand for consumer loans (constituting roughly 31% of average ...