KeyCorp (NYSE:KEY)

$ 18.81 -0.095 (-0.5%) Market Cap: 18.65 Bil Enterprise Value: 37.91 Bil PE Ratio: 1,881.00 PB Ratio: 1.30 GF Score: 69/100

KeyCorp at BancAnalysts Association Of Boston Conference Transcript

Nov 02, 2023 / 05:30PM GMT

Release Date Price: $10.99 (+8.28%)

Transcript 10-Q

Terence James McEvoy

Stephens Inc., Research Division - MD & Research Analyst

Good afternoon. I think we'll move forward. Our next up today is KeyCorp, KEY assets at the end of the third quarter, $188 billion market cap, $9.6 billion and on the way higher today as I speak. Key operates a relationship-focused consumer model with 984 branches in 15 states as well as a national digital bank. The commercial business model is unique relative to peers in terms of having a differentiated and comprehensive platform with expertise in several targeted verticals. Earnings last quarter, $0.29 beat expectations. And the one data point that stood out to me was a 50-basis-point increase in CET1 capital to 9.8%.

And with us today, we have 3 individuals on my left, Clark Khayat, Clark serves as CFO. Prior to this role, Clark was EVP and Chief Strategy Officer for Key, responsible for corporate strategy, M&A and strategic investments. Angela Mago has been with Key for 35 years and today is the President of Key Commercial Bank and Real Estate Capital. In her current role, Angela is responsible for

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