TORONTO, Aug. 12, 2024 /PRNewswire/ - Scotiabank announced today that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp through an issuance of common shares at a price of $17.17 per share, representing an 11% premium to the volume weighted average price for the last 20 trading days. The total cash consideration is approximately US$2.8 billion (the "Investment"). KeyCorp is a premier U.S. based financial services company operating across 15 states, with US$ ...

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Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 127 Public Square, Cleveland, Ohio 4411 ...

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 ...

KeyCorp (NYSE:KEY) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET Company Participants Brian Mauney – Director, IR Christopher M. Gorman – Chairman and CEO Clark H. I. Khayat – CFO Conference Call Participants Ebrahim Poonawala - Bank of America Securities Robert Siefers - Piper Sandler Kenneth Usdin - Jefferies Erika Najarian - UBS Gerard Cassidy - RBC Capital Markets John Pancari - Evercore ISI Matthew O'Connor - Deutsche Bank Manan Gosalia - Morgan Stanley Steven Alexopoulos - J.P. Morgan Mich ...

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 ...

KeyCorp (KEY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.22, delivering a surprise of -4.35%. Over the last four quarters, the company has surpa ...

▪ Total deposit costs rose by 8 basis points − Reflects increase in time deposits and continued deposit mix shift − Cumulative total interest-bearing deposit beta: ~53%(2) Deposit Franchise Highlights (1)% Investment Banking & Debt Placement Trust & Investment Services Cards & Payments Other(1) Corporate Services Service Charges on Deposit Acct Commercial Mortgage Servicing $120 $126 $85 $86 $69 $50 $73 $609 $647 $627 Total Noninterest Income $170$126 $136 $77 $69 $63 $56 $61 $66 2Q23 1Q24 2Q24 - +10% +5% $ ...

Disciplined expense management: expenses declined approximately 6% from the prior quarter and were stable versus the year-ago period Comments from Chairman and CEO, Chris Gorman I am excited for our path forward and energized by our momentum which positions us to deliver sound, profitable growth." | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

The Zacks Consensus Estimate for KEY's average earning assets is pegged at $169.8 billion, indicating a 6% decline from the prior-year quarter's reported number. Our estimate for the metric stands at $172.1 billion, suggesting a 4.7% fall. Asset Quality: We estimate provision for credit losses to be $91.7 million for the second quarter, suggesting a 45.1% year-over-year decline. The Earnings ESP for M&T Bank (MTB) is +0.22% and it carries a Zacks Rank #3 at present. The company is slated to report second-qu ...