KeyCorp (KEY) Q2 Earnings Top, Stock Dips on Weak Asset Quality

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 ...