KeyCorp Q4 net loss of $279 million after $657 million securities sale charge
KeyCorp reported a fourth-quarter 2024 net loss from continuing operations attributable to common shareholders of $279 million, or $(.28) per diluted share, compared with net income of $30 million, or $.03 per share, a year earlier. Results were weighed down by after-tax charges of $657 million tied to the loss on the sale of securities; excluding selected items, adjusted net income was $378 million, or $.38 per diluted share.
Key points
- Q4 2024 net loss of $279 million, or $(.28) per diluted share, versus net income of $30 million, or $.03, in Q4 2023
- Adjusted net income of $378 million, or $.38 per diluted share; the securities-related charges totaled $657 million after tax
- Total revenue of $865 million, up from $695 million in Q3 2024 but down 43.8% from $1,538 million in Q4 2023
- Common Equity Tier 1 ratio was an estimated 12.0% at December 31, 2024, up from 10.8% at September 30, 2024
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.