KeyCorp (KEY) Added to Jefferies Franchise Picks List

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KeyCorp Reports Third Quarter 2016 Net Income Of $165 Million, Or $.16 Per Common Share; Earnings Per Common Share Of $.30, Excluding $.14 Of Merger-Related Charges

October 25, 2016 6:30 AM EDT

CLEVELAND, Oct. 25, 2016 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced third quarter net income from continuing operations attributable to Key common shareholders of $165 million, or $.16 per common share, compared to $193 million, or $.23 per common share, for the second quarter of 2016, and $216 million, or $.26 per common share, for the third quarter of 2015. During the third quarter of 2016, Key incurred merger-related charges totaling $207 million, or $.14 per common share, compared to $45 million, or $.04 per common share, in the second quarter of 2016. Excluding merger-related charges, earnings per common share were $.30 for the third quarter of 2016 and $.27... More