KeyCorp (NYSE:KEY) Q1 2024 Earnings Call Transcript

Page 7 of 7

Mike Mayo: Okay. So this is more concern among the decision makers about what’s their ultimate cost of capital due to the volatility in rates than it is some underlying, hey, we’re going into a recession right now.

Chris Gorman: No, I think it’s both. I’m not saying that they think we’re going to go into recession, but I think there’s just a lot of uncertainty about the path of the economy. Will the Fed engineer a soft landing, kind of very similar to the conversation we’ve been having this morning.

Mike Mayo: Okay. All right. Thank you.

Chris Gorman: Sure, Mike.

Operator: And at this time, there are no further questions in queue. Please continue with your closing remarks.

A – Chris Gorman: Well, thank you, operator. Again, thank you for participating in our call today. If you have any follow-up questions, you can direct them to our Investor Relations team (216) 689-4221. This concludes our remarks. Thank you.

Operator: Thank you. And ladies and gentlemen, that does conclude our conference for today. Thank you for your participation and for using AT&T teleconference. You may now disconnect.

Follow Keycorp W (NYSE:KEY)

Page 7 of 7