Fee Income to Aid KeyCorp (KEY) Q2 Earnings, Lower NII to Hurt
KEYKeyp(KEY) ZACKS·2024-07-15 21:17

KeyCorp (KEY) is scheduled to announce second-quarter 2024 results on Jul 18, before the opening bell. During the quarter, lending activities witnessed modest improvement.Per the Federal Reserve’s latest data, the demand for commercial and industrial loans (accounting for almost 50% of KeyCorp’s average loan balances) improved in the second quarter. On the other hand, demand for consumer loans (constituting roughly 30% of average loan balances) was weak.For the to-be-reported quarter, we expect KeyCorp’s av ...