KeyCorp: Q2 Points To Ongoing Net Interest Income Gains

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 ...