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Cleveland-based financial institution KeyBank has launched a virtual account management solution for treasury management clients.
CLEVELAND , May 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced plans to host conference calls to review quarterly financial results on the following dates: Fourth quarter 2024 – Tuesday, January 21 st, 2025 at 8 a.m. ET First quarter 2025 – Thursday, April 17 th, 2025 at 8 a.m.
KeyCorp reported mixed Q1 results which were driven by weak net interest income, but lower provisioning expenses. The recent inflation report suggests a higher for longer rate environment, but the long term trajectory in rates points south. KeyCorp's valuation has seen a major revaluation after the regional banking crisis of 2023.
Liquidity continues to dominate Q1 earnings season for banking. Saying his company can finally “play offense,” Cleveland-based KeyBank CEO Chris Gorman presented a solid balance sheet and a cautious take on the economic tailwinds for the balance of 2024.
The headline numbers for KeyCorp (KEY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
A decline in NII, lower average loan balance and higher expenses hurt KeyCorp's (KEY) Q1 earnings, while lower provisions and a rise in non-interest income offer some support.
KeyCorp (KEY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
A rise in fee income, manageable expense level and lower provisions are expected to have supported KeyCorp's (KEY) Q1 earnings amid modest loan demand and higher funding costs, which will hurt NII.
Beyond analysts' top -and-bottom-line estimates for KeyCorp (KEY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
KeyCorp (KEY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.