secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001628280-24-032171
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyCorp Q2 2024 net income $237M ($0.25 EPS); deposits up 5% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000162828024032171/0001628280-24-032171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000162828024032171/key-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032171

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer