KeyCorp Sees Q4 Loans Down 1-3% From Q3, Sees Net Interest Income And Deposits Relatively Stable
Portfolio Pulse from Benzinga Newsdesk
KeyCorp expects a decrease in Q4 loans by 1-3% from Q3, while forecasting net interest income and deposits to remain relatively stable.
December 04, 2023 | 9:36 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
KeyCorp forecasts a 1-3% decline in Q4 loans from Q3, but expects net interest income and deposits to stay stable.
The projected decrease in loans could be seen as a negative indicator of loan growth, potentially impacting investor sentiment. However, the stability in net interest income and deposits may offset concerns, suggesting a neutral short-term impact on KeyCorp's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100