KeyCorp reported its fourth-quarter earnings for 2024, posting an adjusted net income of $378 million, or Adj. EPS $0.38 per diluted common share, surpassing the consensus estimate of $0.33 per share. However, the company also reported a net loss from continuing operations of $279 million, or $(0.28) per diluted common share. Revenue for the quarter was Revenue $1.78B, which was a 16.26% increase year-over-year and beat estimates by $30 million. The company's adjusted revenue figure excluded a $915 million loss on the sale of securities. KeyCorp's investment banking segment showed strong growth, increasing by 63% YoY growth year-over-year. Despite the positive adjusted earnings, the company's stock fell 4.5% in pre-market trading due to the reported loss and lower revenue attributed to securities portfolio repositioning. Looking ahead, KeyCorp anticipates a NII +20% increase in net interest income for the full year 2025, but expects average loans to decline by Loans decline 2-5%, with a Commercial +2-4% increase in commercial loans not offsetting a Consumer -$3B decline in consumer loans.