KeyCorp (KEY) Stock

CLEVELAND, Nov. 22, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) has announced that Chris Gorman, the Chairman and CEO, will give a speech at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2024, at 11:20 a.m. ET in New York City.

KeyCorp's stock has risen by 55% over the last year, thanks to strong underwriting, an equity investment, and expectations for more relaxed regulations. The deal with Scotiabank has helped KeyCorp adjust its securities portfolio, increasing net interest income and earnings per share, even with a 5% dilution of shares. Additionally, KeyCorp's deposits have grown by 4% compared to last year, enhancing liquidity and decreasing dependence on wholesale funding, while maintaining a solid loan-to-deposit ratio of 71%.

CLEVELAND, Nov. 19, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) has announced that it is expanding its commercial banking services in Chicago and Southern California to better support middle market clients. Their specialized platform offers a complete range of commercial lending, capital markets services, and tailored payment solutions. "Chicago and Southern California have a high number of middle market businesses, and our unique offerings give us an edge in these areas," stated Ken Gavrity, president of Key Commercial Bank.

CLEVELAND, Nov. 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) has announced that it will not be presenting or hosting a webcast at the BancAnalysts Association of Boston Conference, which was set for tomorrow, November 8, 2024, at 10:35 a.m. ET, because of a contagious illness (walking pneumonia).

CLEVELAND, Oct. 30, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) has announced that Ken Gavrity, the Head of Commercial Banking, and Clark Khayat, the Chief Financial Officer, will speak at The BancAnalysts Association of Boston Conference. This event is scheduled for Friday, November 8, 2024, at 10:35 a.m. ET in Boston.

KeyCorp announced a loss of $0.47 per share for the third quarter of 2024, primarily because of securities sales. The bank experienced a 2.5% growth in average deposits compared to the previous quarter and a 7% rise in net interest income, showing strong performance in its main activities. Currently, KeyCorp's valuation is 20% above its book value, indicating that there may be little room for further growth and that the shares are likely fully valued.

Chris Gorman, the CEO of KeyCorp, appears on 'Money Movers' to talk about the company's quarterly earnings, credit loss provisions, and other important topics.

KEY's results for the third quarter of 2024 improved due to increased revenues and lower expenses. However, a rise in provisions negatively impacted the overall performance.

KeyCorp (KEY) reported quarterly earnings of $0.30 per share, which is higher than the Zacks Consensus Estimate of $0.27 per share. This is an increase compared to earnings of $0.29 per share from the same period last year.