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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.15%. A quarter ago, it was expected that this company would post earnings of $0.27 per share when it actually produced earnings of $0.30, delivering a surprise of 11.11%.Over the last four quarters, the company has surpa ...

KEYCORP REPORTS FOURTH QUARTER 2024 NET LOSS OF $(279) MILLION, OR $(.28) PER DILUTED COMMON SHARE, AND ADJUSTED NET INCOME OF $378 MILLION, OR $.38 PER DILUTED COMMON SHARE (a) Revenue of $865 million; Adjusted for selected items , revenue up 16% year-over-year (a) Net interest income up 10% linked quarter Momentum across investment banking, payments, and wealth management fees up 27% year-over-year Common Equity Tier 1 ratio increased 120 basis points quarter-over-quarter to 12% (b) CLEVELAND, January 21, ...

Revenue of $865 million; Adjusted for selected items(a), revenue up 16% year-over-year Net interest income up 10% linked quarter Momentum across investment banking, payments, and wealth management fees up 27% year-over-year Common Equity Tier 1 ratio increased 120 basis points quarter-over-quarter to 12%(b) CLEVELAND, Jan. 21, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced a net loss from continuing operations attributable to Key common shareholders of $(279) million, or $(.28) per diluted common ...

KeyCorp (KEY) is scheduled to announce fourth-quarter and full-year 2024 results on Jan. 21, before the opening bell. During the quarter, lending activities witnessed a solid 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 (C&I) loans (accounting for roughly 50% of KeyCorp’s average loan balances) improved during the fourth quarter. Further, demand for consumer loans (constituting roughly 31% ...

Core Viewpoint - KeyCorp (KEY) is expected to report quarterly earnings of $0.33 per share, reflecting a 32% increase year-over-year, with revenues projected at $1.73 billion, a 13.2% increase compared to the previous year [1] Earnings Projections - Analysts have revised the consensus EPS estimate upward by 2% over the past 30 days, indicating a collective reassessment of the company's performance [1][2] Key Metrics Projections - The average balance of total earning assets is estimated at $173.23 billion, slightly up from $172.05 billion a year ago [4] - The Cash Efficiency Ratio (non-GAAP) is projected to be 68.7%, down from 88.6% in the same quarter last year [4] Asset Quality and Capital Ratios - Nonperforming assets are expected to total $733.76 million, up from $591 million a year ago [5] - The Tier 1 Risk-based Capital Ratio is projected at 12.5%, an increase from 11.7% year-over-year [5] - The Total Risk-based Capital Ratio is expected to be 14.8%, compared to 14.1% in the previous year [5] Leverage and Nonperforming Loans - The Leverage Ratio is anticipated to reach 9.4%, up from 9% in the same quarter last year [6] - Nonperforming loans at period-end are estimated at $663.97 million, compared to $574 million a year ago [6] Income Projections - Total Noninterest Income is forecasted to be $702.20 million, up from $610 million in the same quarter last year [6] - Investment banking and debt placement fees are expected to reach $194.54 million, compared to $136 million in the previous year [7] - Net interest income (FTE basis) is projected at $1.04 billion, up from $928 million a year ago [7] - Cards and payments income is estimated at $87.69 million, compared to $84 million last year [8] - Trust and investment services income is projected to be $143.26 million, up from $132 million in the same quarter last year [8] Stock Performance - KeyCorp shares have decreased by 1.8% over the past month, while the Zacks S&P 500 composite has declined by 3.3% [8]

CLEVELAND, Jan. 15, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that Mohit (Mo) Ramani will join Key as Chief Risk Officer (CRO), effective January 23, 2025."I am very pleased to welcome Mo to Key," said Chris Gorman, Chairman and Chief Executive Officer of KeyCorp. "I am confident that with Mo's leadership, experience, and expertise we will continue to elevate our risk management practices and culture, further enabling strong, profitable growth for Key."Mo joins Key from Truist Financial Corporation ...

Wall Street expects a year-over-year increase in earnings on higher revenues when KeyCorp (KEY) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 21. On ...

Financial Stress and Debt - One-third of Americans (33%) feel daily anxiety due to debt, yet 37% need to pay down less than $5,000 to relieve this stress [3] - 70% of Americans are confident they can pay off their credit card every month, and 87% are confident in meeting monthly rent or mortgage payments [3] - 44% of Americans say they do not have credit card debt [3] Financial Goals and Comfort - 68% of Americans say they need more money to live comfortably, and 45% are less than $2,500 per month away from reaching that comfort goal [2] - 54% of respondents say they are moving closer to their financial comfort goal, and 32% say they already live comfortably [2] - 73% of Gen Z respondents report they're moving closer to having enough to live comfortably, despite 63% feeling financially stressed [3] Homeownership and Long-Term Goals - 46% of respondents who do not own a home say that homeownership is not attainable for their families, up from 39% last year [3] - 63% of Americans are not confident in their ability to take on a mortgage, and 54% are not confident they can contribute more to a retirement account [5][7] - 23% of survey respondents say understanding special purpose credit programs would increase their confidence in homebuying [3] Financial Resilience and Confidence - 45% of respondents are certain they could come up with $2,000 if an unexpected need arose within the next month [4] - 34% of Americans say they are confident they could come up with $5,000 if they needed to [3] - Accomplishing short-term goals, such as creating and sticking to a budget, is a significant step in building financial resiliency for the long term [7] Financial Imposter Syndrome and Resources - Financial imposter syndrome refers to the self-doubt many people feel about their financial skills versus the actual reality of their financial picture [1] - KeyBank offers online resources, including the Financial Wellness Center's Banking 101 curriculum, and local bankers to help clients understand their financial situation and build confidence [8]

CLEVELAND, Jan. 6, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced that Robert Weiss has joined the company as Head of Key Family Wealth where he will collaborate across the enterprise to grow the ultra-high net worth client segment. He is based in New York City and reports to Key Wealth President Joe Skarda."Robert is a proven leader in the wealth management industry," said Skarda. "He brings a high level of expertise, values and client dedication aligned with our approach and overall strategy. I am con ...

KeyCorp (KEY) has announced the completion of The Bank of Nova Scotia’s (also known as Scotiabank) (BNS) remaining 10% investment in its equity for $2 billion. The companies received approval from the Federal Reserve for the deal on Dec. 12.Now, BNS owns almost a 14.9% equity stake in KeyCorp. This completes Scotiabank’s strategic minority investment in KEY, announced on Aug. 8, 2024.For Scotiabank, the step marks a massive advancement as it tries to expand operations in North America. It will be able to ap ...