KeyCorp's Q4 Earnings Beat on NII, Stock Dips on Weak Asset Quality

KeyCorp’s (KEY) fourth-quarter 2024 adjusted earnings from continuing operations of 38 cents per share beat the Zacks Consensus Estimate of 33 cents. Further, the bottom line reflected a 52% jump from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The stock lost 4.4% in pre-market trading on deteriorating credit quality and spread income weakness concerns.Results benefited from a rise in adjusted non-interest income, higher net interest income (NII), and lowe ...