KeyCorp's (KEY) third-quarter 2024 adjusted earnings from continuing operations of 30 cents per share beat the Zacks Consensus Estimate of 27 cents. Further, the bottom line reflected a 3.4% rise from the prior-year quarter. The reported quarter included the FDIC special assessment charge of $6 million, but its impact on earnings was negligible. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The stock lost 1.1% in pre-market trading on deteriorating credit quality and spread incom ...

KeyCorp (NYSE:KEY) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Brian Mauney - Director, IR Christopher Gorman - Chairman and CEO Clark H. I. Khayat - CFO Conference Call Participants Scott Siefers - Piper Sandler Mike Mayo - Wells Fargo Gerard Cassidy - RBC John Pancari - Evercore Nathan Stein - Deutsche Bank Zach Westerlind - UBS Manan Gosalia - Morgan Stanley Peter Winter - D.A. Davidson Operator Thank you, everyone for standing by. Welcome to the 2024 Third Quarter E ...

KeyCorp (KEY) reported $1.6 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 2.8%. EPS of $0.30 for the same period compares to $0.29 a year ago. The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $1.59 billion. With the consensus EPS estimate being $0.27, the EPS surprise was +11.11%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

KeyCorp (KEY) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of 4.17%. Over the last four quarters, the company has surpa ...

KEYCORP REPORTS THIRD QUARTER 2024 NET LOSS OF $(447) MILLION, OR $(.47) PER DILUTED COMMON SHARE, AND ADJUSTED NET INCOME OF $290 MILLION, OR $.30 PER DILUTED COMMON SHARE (a) Received initial $821 million tranche of strategic minority investment from Scotiabank; Common Equity Tier 1 ratio of 10.8% and Tangible Common Equity ratio of 6.2% (b) Net interest income up 7% quarter-over-quarter, with average deposits up 2.5%; Client deposits were up 4% yearover-year Continued strong fee momentum across investmen ...

KeyCorp KEY will release earnings results for its third quarter before the opening bell on Thursday, Oct. 17. Analysts expect the Cleveland, Ohio-based company to report quarterly earnings at 15 cents per share, down from 29 cents per share in the year-ago period. KeyCorp projects to report revenue of $1.27 billion for the recent quarter, compared to $1.56 billion a year earlier, according to data from Benzinga Pro. On Monday, Baird analyst David George downgraded KeyCorp from Outperform to Neutral and lowe ...

KeyCorp (KEY) is scheduled to announce third-quarter 2024 results on Oct. 17, before the opening bell. During the quarter, lending activities witnessed modest improvement. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Per the Federal Reserve's latest data, the demand for commercial and industrial loans (accounting for roughly 50% of KeyCorp's average loan balances) improved during the third quarter. On the other hand, demand for consumer loans (constituting roughly 31% of average ...

Wall Street analysts expect KeyCorp (KEY) to post quarterly earnings of $0.27 per share in its upcoming report, which indicates a year-over-year decline of 6.9%. Revenues are expected to be $1.59 billion, up 1.7% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings announc ...

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Balance sheet repositioning, minority equity stake, decent loan demand and lower rates are expected to support KeyCorp (KEY) . Meanwhile, elevated expenses and weak asset quality are major near-term concerns. Minority Equity Stake, Balance Sheet Repositioning to Aid KEY On Aug. 12, KeyCorp announced a minority equity investment of $2.8 billion (in aggregate) by Canada's The Bank of Nova Scotia (BNS) (also known as Scotiabank) in two tranches at a fixed price of $17.17 per share. The first phase was complete ...