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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.
Although the revenue and EPS for KeyCorp (KEY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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.
KeyCorp KEY will release earnings results for its third quarter before the opening bell on Thursday, Oct. 17.
Fee income and modest NII growth are likely to have aided KEY's third-quarter 2024 earnings, while a rise in provisions and high costs are likely to have hurt.
KeyCorp (KEY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
KeyCorp remains well-placed for growth on balance sheet repositioning, minority stake by BNS and lower rates despite weak asset quality and rising expenses.
Program has helped 200 clients across America achieve sustainable and affordable homeownership CLEVELAND , Sept. 30, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $1 million in KeyBank Neighbors First Credits, helping 200 clients achieve their dream of homeownership in areas where the program is available.
KeyCorp gets its prior Hold rating from Nov. 2023 reaffirmed. Despite a high debt-to-equity ratio compared to peers, KeyCorp maintains healthy regulatory capital and has a diversified loan portfolio with minimal CRE exposure. Q2 earnings were impacted by higher interest costs and lower loan growth.
While election uncertainty stalls business decisions, small business owners remain resilient for the year ahead. CLEVELAND , Sept.