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.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.