KeyCorp Reports First Quarter 2017 Net Income of $296 Million, or $.27 per Common Share; Earnings per Common Share of $.32, Excluding $.05 of Merger-Related Charges

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Go back to KeyCorp Reports First Quarter 2017 Net Income of $296 Million, or $.27 per Common Share; Earnings per Common Share of $.32, Excluding $.05 of Merger-Related Charges

KeyCorp (KEY) PT Raised to $23 at Instinet; Reiterates Buy

April 21, 2017 9:18 AM EDT

Instinet raised its price target on KeyCorp (NYSE: KEY) to $23.00 (from $22.00) while maintaining a Buy rating. KEY reported EPS of $0.32 vs. consensus estimates of $0.28. Results were characterized by better-than-expected revenues, expenses, and provision.

Analyst Bill Carcache revised 2017 and 2018 EPS estimates to $1.32 (from $1.30) and $1.60 (from $1.55).

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