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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.22, delivering a surprise of -4.35%. Over the last four quarters, the company has surpa ...

▪ Total deposit costs rose by 8 basis points − Reflects increase in time deposits and continued deposit mix shift − Cumulative total interest-bearing deposit beta: ~53%(2) Deposit Franchise Highlights (1)% Investment Banking & Debt Placement Trust & Investment Services Cards & Payments Other(1) Corporate Services Service Charges on Deposit Acct Commercial Mortgage Servicing $120 $126 $85 $86 $69 $50 $73 $609 $647 $627 Total Noninterest Income $170$126 $136 $77 $69 $63 $56 $61 $66 2Q23 1Q24 2Q24 - +10% +5% $ ...

Disciplined expense management: expenses declined approximately 6% from the prior quarter and were stable versus the year-ago period Comments from Chairman and CEO, Chris Gorman I am excited for our path forward and energized by our momentum which positions us to deliver sound, profitable growth." | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

The Zacks Consensus Estimate for KEY's average earning assets is pegged at $169.8 billion, indicating a 6% decline from the prior-year quarter's reported number. Our estimate for the metric stands at $172.1 billion, suggesting a 4.7% fall. Asset Quality: We estimate provision for credit losses to be $91.7 million for the second quarter, suggesting a 45.1% year-over-year decline. The Earnings ESP for M&T Bank (MTB) is +0.22% and it carries a Zacks Rank #3 at present. The company is slated to report second-qu ...

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best ...

A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on September 16, 2024 to holders of record as of the close of business on September 3, 2024, for the period commencing on (and including) June 15, 2024 to (but excluding) September 15, 2024; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K) ...

CLEVELAND, July 10, 2024 /PRNewswire/ -- In today's competitive homebuying environment, KeyBank's (NYSE: KEY) latest digital investment in home lending is making it faster and easier for clients looking to purchase a home. KeyBank recently unveiled a digital enhancement that automates the time-consuming verification of borrowers' income, assets, and employment. Using this instant verification technology reduces the need for borrowers to gather and submit multiple pieces of documentation. This improves the c ...

Earnings Presentation | --- | --- | --- | --- | --- | |---------------------------|---------------------------------------|--------|-----------------------------------|--------| | | Quarter to Quarter \nBenchmark \| KEY | | Year over Year \nBenchmark \| KEY | | | Loans and Leases, Changes | -0.31% | -2.48% | 2.27% | -8.64% | | Deposits, Changes | 0.44% | =0.93% | 1.90% | 0.06% | | Loan to Deposit | 69.70% | 75.12% | | | | ACL Ratio | 1.60% | 1.40% | | | Bank Financials & Weekly Commercial Banking Update Rep ...

Funding milestone illustrates KeyBank's commitment to making homeownership affordable and sustainable for all CLEVELAND, July 1, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $2 million in KeyBank Home Buyer CreditsSMi, helping 442 clients achieve their dream of homeownership in areas where the program is available. This milestone is the latest KeyBank has achieved since launching this program in September 2022. KeyBank branch in Ithaca, NYKeyBank branch in Ithaca, NY The KeyBan ...

About KeyCorp CLEVELAND, May 23, 2024 /PRNewswire/ -- KeyBank (NYSE:KEY) has earned 17th place on the 2024 Fair360 "Top 50 Companies for Diversity" list (formerly known as DiversityInc), improving 5 spots from #22 in 2023. This year's recognition marks the 15th time Key has been named a Top 50 Company for Diversity. "At KeyBank, we are committed to supporting diversity, equity, and inclusion, both within our organization and in the communities we serve," said Chris Gorman, Chairman and CEO, KeyCorp. "I am i ...