KeyCorp's (KEY) Restructuring Initiatives Aid Amid Rising Costs
Keyp(KEY) ZACKS·2024-08-27 01:25
KeyCorp (KEY) remains well-positioned for top-line growth on the back of strategic acquisitions, restructuring initiatives, solid loans and deposit balances as well as higher rates, while funding costs weigh on it to some extent. Elevated expenses and weakening asset quality remain concerns. KEY's Growth Catalysts KEY's solid loan growth has contributed to top-line expansion in the past several years. Though tax-equivalent revenues dipped in 2023 and in the first half of 2024, the metric reflected a compoun ...