KeyCorp Q1 2024 Earnings Review

KeyCorp's Q1 2024 earnings presentation highlights strong financial performance with 10.3% Common Equity Tier 1 ratio and 6% year-over-year commercial client growth. The company strengthened its balance sheet through reduced wholesale funding reliance and expanded its underwrite-to-distribute platform via partnership with Blackstone. Net new relationship household growth reached 2.5% YoY, supported by record investment banking fees driving noninterest income increases.