JHVEPhoto 1D Seeking Alpha Still, net interest income is the most critical driver of the bank's results. Net interest income of $899 million was up 1.5% sequentially and down 8.8% from last year. As I wrote in March, I believed Key was at a turning point in NII with momentum set to gather later this year and through 2025. With this sequential rise, I feel increasingly confident that is the case. Overall, Key's net interest margin (NIM') was 2.04%, up 2bps sequentially, thanks to a 8bps benefit from rolling ...

KeyCorp (NYSE:KEY) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET Company Participants Brian Mauney – Director, IR Christopher M. Gorman – Chairman and CEO Clark H. I. Khayat – CFO Conference Call Participants Ebrahim Poonawala - Bank of America Securities Robert Siefers - Piper Sandler Kenneth Usdin - Jefferies Erika Najarian - UBS Gerard Cassidy - RBC Capital Markets John Pancari - Evercore ISI Matthew O'Connor - Deutsche Bank Manan Gosalia - Morgan Stanley Steven Alexopoulos - J.P. Morgan Mich ...

Quarterly total revenues (tax equivalent or TE) declined 4.3% year over year to $1.53 billion. However, the top line beat the Zacks Consensus Estimate of $1.52 billion. Non-interest expenses increased marginally to $1.08 billion. This included the additional FDIC special assessment charge of $5 million. We projected the metric to be $1.1 billion. KeyCorp's (KEY) second-quarter 2024 adjusted earnings from continuing operations of 25 cents per share beat the Zacks Consensus Estimate by a penny. The bottom lin ...

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 ...