Fee Income to Aid KeyCorp (KEY) Q1 Earnings, Lower NII to Hurt

KeyCorp (KEY) is scheduled to announce first-quarter 2024 results on Apr 18, before the opening bell. During the quarter, lending activities witnessed modest improvement.Per the Federal Reserve’s latest data, the demand for commercial and industrial loans (accounting for almost 50% of KeyCorp’s average loan balances) was subdued in the first quarter. On the other hand, demand for consumer loans (constituting roughly 30% of average loan balances) was decent.In the to-be-reported quarter, we expect KeyCorp’s ...