KeyCorpNYSE: KEY

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.

KeyCorp (KEY) is set to announce its third-quarter earnings results on Thursday, October 17, before the market opens.

KeyCorp (KEY) lacks the necessary elements that could lead to a strong earnings report in its next announcement. Be ready for the main expectations.

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KeyCorp is in a good position for growth due to changes in its balance sheet, a minority investment from BNS, and lower interest rates, even though it faces challenges with asset quality and increasing costs.