08:54 AM EDT, 09/09/2024 (MT Newswires) -- KeyCorp ( KEY ) said Monday it sold about $7 billion of "low-yielding" investment securities, resulting in an expected after-tax loss of about $700 million in Q3.

The securities, which were sold on Friday, had a weighted average book yield of about 2.3% and an average duration of roughly six years, the company said in a filing with the US Securities and Exchange Commission.

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