KeyCorp sees FY24 NII down 2%-5% vs. FY23

Sees FY24 noninterest income up 6% vs. previous view of up 5%. Sees average deposits up 1%-2%, with client deposits up 3%-4%, vs. prior view of previously stable, with client deposits up. Sees average loans down 7%-8%, with ending loans down 5%-6%. Sees noninterest expense up 2% vs. prior view of relatively stable. Sees net charge-offs 35-40bps vs. prior view 30-40bps, and a GAAP tax rate of about 13%.