2 Financial Stocks with Key Earnings from the Week
KeyCorp (NYSE:KEY) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. Net income increased 7% to $214 million (21 cents per diluted share) in the quarter versus a net gain of $200 million in the year-earlier quarter. Revenue decreased 3.78% to $1.07 billion from the year-earlier quarter.
KeyCorp reported adjusted net income of 21 cents per share. By that measure, the company met the mean analyst estimate of $0.21. It beat the average revenue estimate of $1.06 billion.