earnings
confidence high
sentiment neutral
materiality 0.70
KeyCorp Q2 2024 net income $237M ($0.25 EPS); deposits up 5% YoY
KEYCORP /NEW/
2024-Q2 EPS reported
$0.45
revenue$3,059,000,000
- Net income from continuing operations $237M ($0.25 diluted EPS) vs $250M ($0.27) year ago.
- Average deposits $144.2B, up $1.3B QoQ and YoY; client deposits up 5% YoY.
- Net interest margin 2.04% vs 2.12% year ago; expenses down 6% QoQ.
- CET1 ratio 10.5%, up 23 bps QoQ and 120 bps YoY; NCOs to avg loans 34 bps.
- Commercial Bank revenue down 6.6% YoY; Consumer Bank revenue down 2.3% YoY.