KeyCorp (NYSE: KEY) reported second quarter 2023 earnings results today.
Total revenue decreased 11% year-over-year to $1.59 billion.
Net income attributable to Key common shareholders was $251 million, or $0.27 per share, compared to $507 million, or $0.54 per share, last year.
Net interest income fell 11% YoY to $986 million.
Non-interest income decreased 11.5% YoY to $609 million.
Average loans increased 11% YoY to $120.7 billion.
Average deposits declined 3% YoY to $142.9 billion.
Most Popular
Broadcom (AVGO) thrives on growing AI business. Is the stock a buy?
Broadcom, Inc. (NASDAQ: AVGO), a leading provider of semiconductor solutions for wired and wireless communications, recently impressed the market with upbeat financial outlook highlighting strong prospects for its AI business
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Lennar (LEN): Even the best-laid plans can go wrong
Shares of Lennar Corporation (NYSE: LEN) stayed green on Monday. The stock has dropped 25% over the past three months. The homebuilder delivered underwhelming results for the fourth quarter of
