KeyCorp Aktie News

2023 was up 24%. 3 months down in 2024 and the S&P 500 is already up 6%, down from the plus 10% they were at.

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.

KeyCorp (NYSE:KEY ) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET Company Participants Brian Mauney – Director-Investor Relations Chris Gorman – Chairman and Chief Executive Officer Clark Khayat – Chief Financial Officer Conference Call Participants Ken Usdin – Jefferies John Pancari – Evercore Scott Siefers – Piper Sandler Manan Gosalia – Morgan Stanley Ebrahim Poonawala – Bank of...

Noninterest income up 6% year-over-year and linked quarter, driven by strength in investment banking and debt placement fees Continued to strengthen the balance sheet by reducing reliance on wholesale funding and higher cost brokered deposits Common Equity Tier 1  ratio increased 120 basis points year-over-year to 10.3%(b) Credit costs remain low: net loan charge-offs to average loans of 29 bas...

KeyBank has maintained a rating of "Outstanding" from the OCC for 11 consecutive review periods since the Act's passage in 1977 CLEVELAND , April 10, 2024 /PRNewswire/ --  KeyBank  (NYSE: KEY) has earned its 11th consecutive "Outstanding" rating from the Office of the Comptroller of the Currency (OCC) on its most recent Community Reinvestment Act (CRA) exam . KeyBank has maintained a rating of ...

Special Purpose Credit Programs and home buyer education take center stage this Fair Housing Month CLEVELAND , April 8, 2024 /PRNewswire/ -- As part of its commitment to helping clients on their individual financial journeys, KeyBank (NYSE:KEY) continues to offer resources and education for those seeking to achieve the dream of homeownership. KeyBank's Special Purpose Credit Programs1 and home ...

Funding milestone illustrates KeyBank's commitment to making homeownership affordable and sustainable for all CLEVELAND , March 25, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $10 million in loans through its Key Opportunities Home Equity Loan i  program. Launched on March 1, 2023, the program provides affordable terms for borrowers with qualifying properties to r...