- KeyCorp reported a 33.5% drop in first-quarter profit on Thursday as its net interest income was eroded by higher deposit costs and elevated interest rates kept borrowers on the sidelines.
Meanwhile, loan growth has also receded as higher benchmark lending rates keep borrowers on the sidelines. In recent weeks, analysts have pushed back expectations of interest rate cuts this year due to strong economic data. Net Worth for Baby Boomers: How To Tell Whether You’re Poor, Middle Class, Upper Middle Class or Rich
Canada's inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate-cut bets
Keycorp Interest Rates Net Interest Margin
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