| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 365MM | +5% |
| Operating Income | 57MM | -84% |
| Operating Expenses | 1.4B | +24% |
| Net Income | 65MM | -79% |
| Compensation | 674MM | +2% |
| Technology | 92MM | +3% |
| Professional Service | 44MM | +16% |
| Provision | 102MM | +26% |
| Amortization | 56MM | +2% |
| Interest Expense | 1.1B | +0% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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KeyCorp (NYSE:KEY) Q1 2024 Earnings Call Transcript April 18, 2024 KeyCorp isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you, everyone, for standing by. Welcome to the 2024 First Quarter Earnings Call. At this time, all participants are in […]
SEATTLE, WA / ACCESSWIRE / April 19, 2024 /KeyBank (NYSE:KEY) announced it has received the honor of ranking #1 for the most small business loans $350,000 or less in Washington Congressional Districts 1, 3, 7, 8, and 9 by the U.S. Small Business Administration ...
Explore KeyCorp's financial performance, strategic initiatives with Blackstone, and management insights on future growth and risk management.
Profits slid sharply at KeyCorp, Comerica and Ally in the first quarter. The results are the latest sign of pressure on regional banks from higher interest rates. + At **Comerica**, net income fell 59% to $131 million, or 98 cents a share.
The headline numbers for KeyCorp (KEY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
A decline in NII, lower average loan balance and higher expenses hurt KeyCorp's (KEY) Q1 earnings, while lower provisions and a rise in non-interest income offer some support.
KeyCorp and Comerica are expecting a fall in interest income in 2024 as higher borrowing costs temper loan demand, they said on Thursday, echoing fears flagged by bigger U.S. lenders this earnings season. Hotter-than-expected inflation in the United States has dampened expectations of imminent rate cuts by the Federal Reserve, which has said it needs to see convincing evidence of prices cooling off before it starts easing its monetary policy. With no hopes of relief, potential borrowers could ...
(Reuters) -Comerica's stock was the biggest winner in a key banking industry index on Thursday after the lender reported a better-than-expected profit for the first quarter, thanks to its strong asset quality and debt paydowns. Banks have been repositioning their balance sheet to limit the hit to their profitability from sagging loan demand, as hotter-than-expected inflation raises fears of borrowing costs staying higher for longer. Dallas, Texas-based Comerica reduced its short-term borrowing...
KeyCorp reported a 33.5% drop in first-quarter profit on Thursday as its net interest income was eroded by higher deposit costs and elevated interest rates kept borrowers on the sidelines. U.S. banks have been grappling with increased funding costs as elevated interest rates prompt customers to move cash from banks to safe-haven higher-yielding alternatives like money-market funds for better returns. Net interest income (NII), or the difference between what a bank earns on loans and pays out o...
KeyCorp (NYSE: KEY) today announced net income from continuing operations attributable to Key common shareholders of $183 million, or $.20 per diluted common share, for the first quarter of 2024. Net income from continuing operations attributable to Key common shareholders was $30 million, or $.03 per diluted common share, for the fourth quarter of 2023 and $275 million, or $.30 per diluted common share, for the first quarter of 2023. Included in the first quarter of 2024 are $22 million, or $.0