KeyCorp says doesn't expect to see 'much of a' rate increase this year Says believes there could be rate increase this year, but very late in the year. Says that when rates do go up, will see increase in NII and margins.
KeyCorp says 'committed' to meeting FY15 outlook Says credit quality "strong." Says company "well positioned" for 2H15. Expects continued higher levels of liquidity in Q3. Says may see near term pressure on margin, but expects FY15 margin to be relatively stable with Q2. Expects FY15 investment banking and debt placement fees to exceed FY14. Says committed to generating cost savings. Says expense guidance remains unchanged, sees FY15 expenses relatively stable with FY14. Says "on track" for FY guidance, says committed to meeting FY15 outlook. Sees credit quality remaining "a good story" for FY15. Says will continue share repurchases in FY15. Comments taken from the Q2 conference call.