KeyCorp: Further Upside After Reporting Q2 Progress

  • KeyCorp's capital position has strengthened significantly, supporting growth and improved net interest margin through strategic asset repositioning and a stake sale to Scotiabank. Loan growth is accelerating, deposit costs are declining, and asset yields are rising, driving a 28% increase in net interest income year-over-year. Credit quality remains solid with healthy reserves, and upgraded guidance reflects building momentum as Key transitions to a growth-focused strategy.