KeyCorp Q3 GAAP net loss $(0.47)/share; adjusted EPS $0.30; receives $821M Scotiabank tranche

KEYCORP /NEW/

2024-Q3 EPS reported -$0.03 revenue$3,754,000,000

GAAP net loss $(447)M ($(0.47)/diluted) vs. prior Q $0.25; includes $(737)M after-tax securities repositioning charge.
Adjusted net income $290M ($0.30/diluted); net interest income up 7% QoQ to $964M; NIM 2.17%.
Received initial $821M of $2.8B Scotiabank strategic investment; CET1 ratio 10.8%, TCE ratio 6.2%.
Average loans $106.2B down 9.7% YoY; average deposits $147.8B up 2.0% YoY; cost of deposits 2.39%.
Provision for credit losses $95M; net charge-offs 0.58% of avg loans; nonperforming loans 0.69% of loans.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.