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KeyCorp Posts Sluggish Q4 Results, CEO Says FY23 Balance Sheet Optimization Goal Exceeded

KeyCorp (KEY) faces a Q4 FY23 dip with revenues at $1.54B, down 19.0% Y/Y. Despite net interest income sliding 24.4%, the bank showcases resilience, with a CET1 ratio exceeding expectations at 10.0%. CEO Chris Gorman reflects on a strategic 2023, emphasizing balance sheet resilience, risk-weighted asset reduction, and disciplined expenses.

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