KeyCorp quarterly profit rises on interest income strength
KEY•Second-quarter profit rises
US lender KeyCorp reported a rise in second-quarter profit on Tuesday, as the bank was helped by a strong lending environment that boosted its income from interests.
Income from continuing operations attributable to the bank's common shareholders came in at $472 million, or 44 cents per share, in the three months ended June 30, compared with $387 million, or 35 cents apiece, in the year earlier.
Loans and outlook from management
Average loans at KeyCorp were $110.1 billion for the second quarter of 2026, an increase of $4.4 billion compared to the year-ago period.
"While the operating environment remains dynamic, our performance in the first half of the year demonstrates the power of our strategy," CEO Chris Gorman said.
Shares move higher before the open
Shares of the bank, which have gained 13% so far in 2026 to outperform the broader S&P 500 index, were up 1.8% in trading before the bell.
Net interest income and revenue increase
The Cleveland, Ohio-based lender's net interest income — the difference between what it earns on loans and pays out on deposits — rose to .
