Keyp(KEY) - 2024 Q3 - Quarterly Results

KEYCORP REPORTS THIRD QUARTER 2024 NET LOSS OF $(447) MILLION, OR $(.47) PER DILUTED COMMON SHARE, AND ADJUSTED NET INCOME OF $290 MILLION, OR $.30 PER DILUTED COMMON SHARE (a) Received initial $821 million tranche of strategic minority investment from Scotiabank; Common Equity Tier 1 ratio of 10.8% and Tangible Common Equity ratio of 6.2% (b) Net interest income up 7% quarter-over-quarter, with average deposits up 2.5%; Client deposits were up 4% yearover-year Continued strong fee momentum across investmen ...