KEYCORP NEW
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
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Provision for credit losses
Key’s provision for credit losses was $100 million for the three months ended June 30, 2024, compared to $167 million for the three months ended June 30, 2023. The provision for credit losses was $201 million for the six months ended June 30, 2024, compared to $306 million for the six months ended June 30, 2023. The decrease is driven by a more stable economic outlook and the impact of balance sheet optimization efforts, partly offset by
credit portfolio migration.
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