KeyCorp shares are trading lower after the company said it expects lower-than-expected NII in Q2.
Portfolio Pulse from Benzinga Newsdesk
KeyCorp shares dropped nearly 6% after the company announced lower-than-expected net interest income (NII) in Q2 due to funding mix and deposit cost pressures.

June 12, 2023 | 5:56 pm
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KeyCorp's stock price fell nearly 6% after the company announced lower-than-expected Q2 net interest income due to funding mix and deposit cost pressures.
KeyCorp's announcement of lower-than-expected net interest income in Q2 directly impacts its stock price, as it indicates weaker financial performance. The stock price fell nearly 6% as a result, and the factors cited, such as funding mix and deposit cost pressures, are likely to continue affecting the company's performance in the short term.
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IMPORTANCE 80
RELEVANCE 100