KeyCorp (KEY) Q3 2024 Earnings Call Transcript Summary
KeyCorp (KEY) Q3 2024 Earnings Call Transcript Summary
Net Interest Income (NII) increased by $65 million or 7% from the previous quarter, and Net Interest Margin (NIM) increased by 13 basis points due to proactive management despite Fed rate cuts.The following is a summary of the KeyCorp (KEY) Q3 2024 Earnings Call Transcript:
以下是keycorp（KEY）2024年第三季度業績會交易摘要：
Financial Performance:
金融業績：
KeyCorp reported Q3 2024 earnings per share (EPS) of negative $0.47, impacted negatively by $0.77 from securities portfolio repositioning. Excluding this, EPS was $0.30.
Revenue was significantly affected by the securities repositioning, showing a decrease of approximately 55% sequentially and year-over-year, although excluding repositioning impacts, revenue was up 6% sequentially and 3% year-over-year.
Net Interest Income (NII) increased by $65 million or 7% from the previous quarter, and Net Interest Margin (NIM) increased by 13 basis points due to proactive management despite Fed rate cuts.
Operating expenses were well controlled, decreasing by 1% compared to the previous year, reflecting positive operating leverage.
KeyCorp報告2024年第3季度每股收益（EPS）爲負0.47美元，受證券投資組合重組負0.77美元影響。排除該影響，每股收益爲0.30美元。
營收受證券重組影響，呈現出環比和同比大約55%的下降，儘管排除了重組影響，營收環比增長6%，同比增長3%。
淨利息收入（NII）較上一季度增加6500萬美元，增長7%，淨利息收益率（NIM）由於積極管理，儘管聯邦利率下調，點子增加13個。
營業費用得到良好控制，較去年同期下降1%，反映出積極的經營槓桿效應。
Business Progress:
業務進展：
KeyCorp successfully completed significant portions of its securities portfolio repositioning with favorable timing, which is expected to increase quarterly net interest income in the future.
Continued strong performance in fee-based services, particularly in investment banking and debt placement, with third-quarter fees totaling $171 million.
The wealth management segment saw assets under management reach an all-time high of $61 billion.
The commercial real estate special servicing business saw record activity, and commercial deposits increased by 5% year-over-year.
KeyCorp成功完成了證券投資組合重組的重要部分，並且預計未來將增加季度淨利息收入。
繼續在基於費用的服務方面表現強勁，特別是在投資銀行和債務佈置領域，第三季度的費用總額爲$17100萬。
财富管理部門的資產管理規模達到了創紀錄的610億美元。
商業房地產特殊服務業務出現歷史性活動，商業存款同比增長5%。
Opportunities:
機會：
Anticipate additional benefits to net interest income and margins from the second tranche of Scotiabank's minority investment, subject to regulatory approval.
Pipeline levels in fee-based revenue streams such as investment banking and debt placement remain historically high, suggesting potential revenue growth from these activities.
預計從Scotiabank少數股權投資的第二期獲得額外的淨利息收入和淨利息收益率，需經監管機構批准。
基於費用的營收流的管道水平仍然歷史性地高，特別是在投資銀行和債務佈置領域，表明這些活動可能帶來潛在的營業收入增長。
Risks:
風險：
Net charge-offs increased due to specific consumer goods and equipment manufacturing credits, suggesting potential vulnerabilities in these sectors.
Future loan growth could be hampered by tepid client demand and cautious credit approaches.
由於特定的消費品和設備製造業信貸問題，淨覈銷增加，表明這些行業存在潛在的脆弱性。
未來貸款增長可能會受到溫和的客戶需求和謹慎的信貸方式的阻礙。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
