Jefferies Cuts Price Target on KeyCorp (KEY) Following 2Q Report; Reiterates Buy

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Go back to Jefferies Cuts Price Target on KeyCorp (KEY) Following 2Q Report; Reiterates Buy

KeyCorp Reports Second Quarter 2016 Net Income Of $193 Million, Or $.23 Per Common Share; Earnings Per Common Share Of $.27, Excluding $.04 Of Merger-Related Expense

July 26, 2016 6:30 AM EDT

CLEVELAND, July 26, 2016 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced second quarter net income from continuing operations attributable to Key common shareholders of $193 million, or $.23 per common share, compared to $182 million, or $.22 per common share, for the first quarter of 2016, and $230 million, or $.27 per common share, for the second quarter of 2015. During the second quarter of 2016, Key incurred merger-related expense totaling $45 million, or $.04 per common share, compared to $24 million, or $.02 per common share, in the first quarter of 2016.  Excluding merger-related expense, earnings per common share were $.27 for the second quarter of 2016 and... More

MB Financial to Join S&P MidCap 400; BioTelemetry and Raven Industries to Join S&P SmallCap 600

July 25, 2016 6:41 PM EDT

NEW YORK, July 25, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Friday, July 29:

S&P SmallCap 600 constituent MB Financial Inc. (NASD: MBFI) will replace First Niagara Financial Group Inc. (NASD: FNFG) in the S&P MidCap 400, BioTelemetry Inc. (NASD: BEAT) will replace MB Financial in the S&P SmallCap 600. S&P 500 constituent KeyCorp (NYSE:... More