KeyCorp (KEY) Q2 Earnings Top, Stock Dips on Weak Asset Quality
Keyp(KEY) ZACKS·2024-07-18 21:20
KeyCorp’s (KEY) second-quarter 2024 adjusted earnings from continuing operations of 25 cents per share beat the Zacks Consensus Estimate by a penny. The bottom line, however, compared unfavorably with 27 cents earned in the prior-year quarter. The reported quarter included the FDIC special assessment charge of $5 million, but its impact on earnings was negligible.The stock lost 2% in pre-market trading on deteriorating credit quality and spread income weakness concerns.Results benefited from a rise in non-i ...