- Net interest income FTE: $899 million (Estimate: $904.7 million)
- Net Interest Margin (NIM) on taxable-equivalent basis: 2.04% (Estimate: 2.14%)
- EPS: 25 cents (from continuing operations)
- Total Revenue: $1.53 billion (Estimate: $1.53 billion)
- Investment banking and debt placement fees: $126 million (Estimate: $133.5 million)
- Non-interest income: $627 million (Estimate: $626.9 million)
- Provision for credit losses: $100 million (Estimate: $97.4 million)
- Non-interest expenses: $1.08 billion (Estimate: $1.08 billion)
- Net charge-offs: $91 million (Estimate: $94.3 million)
- Return on average tangible common equity: 10.4% (Estimate: 10.4%)
- Efficiency ratio: 70.2% (Estimate: 70.3%)
- Common equity Tier 1 ratio: 10.5% (Estimate: 10.4%)
- Total deposits: $144.18 billion (Estimate: $143.61 billion)
Comments from the conference call:
“Sequentially, net interest income grew as we benefited from fixed asset repricing and continued to grow client deposits while the pace of deposit repricing slowed.”
Analyst ratings: 14 buys, 8 holds, 1 sell
A look at Keycorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
KeyCorp, a financial services holding company, is poised for a promising long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend and Value factors, KeyCorp demonstrates strong stability and potential for returns for investors. Although the Growth and Momentum scores are slightly lower, the company’s focus on providing a wide range of financial products and services to diverse clients positions it well for sustained growth over time.
KeyCorp’s resilience score, while not the highest, indicates the company’s ability to weather challenges and adapt to market conditions. Overall, with a solid foundation in place and a commitment to delivering value to its clients, KeyCorp’s long-term prospects appear favorable for investors seeking a reliable and dividend-friendly investment option in the financial sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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