KeyCorp's (KEY) Restructuring Initiatives Aid Amid High Costs
Keyp(KEY) zacks.com·2024-05-22 00:56
KeyCorp (KEY) remains well-positioned for top-line growth on the back of opportunistic buyouts, restructuring initiatives, solid loans and deposit balances and higher rates, while funding costs weigh on it to some extent. Elevated expenses and weakening asset quality remain concerns.KEY’s impressive loan growth has contributed to top-line expansion over the past several years. Though tax-equivalent (TE) revenues dipped in 2023 and in the first quarter of 2024, the metric experienced a compound annual growth ...