US lender KeyCorp's profit rises on higher interest income

Core Viewpoint - KeyCorp experienced a significant increase in third-quarter profit driven by a rise in net interest income, attributed to lower deposit costs and a strategic shift towards higher-yielding assets [1] Financial Performance - The third-quarter profit for KeyCorp saw a notable jump, indicating strong financial performance [1] - The surge in net interest income was a key factor in this profit increase, highlighting effective management of interest rates and asset allocation [1] Asset Management - The company has shifted its focus towards higher-yielding assets, which has positively impacted its profitability [1] - Lower deposit costs have also contributed to the improved financial results, suggesting a favorable environment for the bank's operations [1]