KeyCorpNYSE: KEY

KeyCorp has seen increases in asset and borrowing yields due to rising interest rates, but net interest income remains low. The bank has experienced declines in loans and deposits, with a significant portion of CRE loans classified as criticized. KeyCorp's preferred shares are overpriced and subject to interest rate risks, making them unattractive investment options.

Funding milestone illustrates KeyBank's commitment to making homeownership affordable and sustainable for all CLEVELAND , July 1, 2024 /PRNewswire/ -- Today, KeyBank announced that it has funded more than $2 million in KeyBank Home Buyer CreditsSM i , helping 442 clients achieve their dream of homeownership in areas where the program is available. This milestone is the latest KeyBank has achieved since launching this program in September 2022.

CLEVELAND , June 4, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Clark Khayat, Chief Financial Officer, and Daniel Heberle, President, KeyBank Real Estate Capital, will present at the Morgan Stanley US Financials, Payments, & CRE Conference on Tuesday, June 11, 2024, at 3:15 p.m. ET in New York City.

KeyCorp (KEY) remains well-poised for revenue growth via restructuring initiatives, loan and deposit growth and higher rates. A rising expense base and worsening asset quality are headwinds.

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Liquidity remains a key focus during Q1 earnings season in the banking industry. KeyBank CEO Chris Gorman expressed optimism about the company's ability to be proactive and highlighted a strong balance sheet, while also maintaining a cautious outlook on economic conditions for the rest of 2024.

The KeyCorp (KEY) headline numbers provide an indication of the company's performance in the first quarter of 2024, but it could be beneficial to analyze its key metrics in comparison to Wall Street predictions and last year's results.

KeyCorp's (KEY) Q1 earnings were impacted by a decrease in NII, a drop in average loan balance, and increased expenses, although there was some support from lower provisions and an increase in non-interest income.

KeyCorp (KEY) is experiencing positive changes in earnings estimates and has a promising Zacks Earnings ESP as we approach earnings season.