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KeyCorp (KEY)

NYSE - Nasdaq Real-time price. Currency in USD
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15.77-0.43 (-2.68%)
As of 10:41AM EDT. Market open.
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  • Reuters

    KeyCorp forecasts bigger drop in annual average loans on tepid demand

    Elevated interest rates have stymied loan activity as customers remain wary of borrowing at higher costs, while banks are shelling out more on deposits to prevent clients from chasing better returns elsewhere. KeyCorp's average loans fell 9.7% to $108.96 billion in the quarter, driven by a decline in commercial loans, KeyCorp said. Cleveland, Ohio-based bank's net interest income (NII) - the difference between what a bank earns on loans and pays out for deposits - fell 9.3% to $887 million.

  • Zacks

    KeyCorp (KEY) Q2 Earnings Top, Stock Dips on Weak Asset Quality

    Higher fee income, a fall in provisions and a higher loan balance aid KeyCorp's (KEY) Q2 earnings, while deteriorating asset quality and a decline in NII act as major spoilsports.

  • Zacks

    KeyCorp (KEY) Q2 Earnings Surpass Estimates

    KeyCorp (KEY) delivered earnings and revenue surprises of 4.17% and 0.64%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?