KeyCorp (KEY) Tops Q2 EPS by 8c

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Go back to KeyCorp (KEY) Tops Q2 EPS by 8c

KeyCorp Reports Second Quarter 2020 Net Income Of $159 Million, Or $.16 Per Diluted Common Share

July 22, 2020 6:30 AM EDT

CLEVELAND, July 22, 2020 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced net income from continuing operations attributable to Key common shareholders of $159 million, or $.16 per diluted common share for the second quarter of 2020, compared to $118 million, or $.12 per diluted common share, for the first quarter of 2020 and $403 million, or $.40 per diluted common share, for the second quarter of 2019. Key's results in the first and second quarters of 2020 reflect the Current Expected Credit Losses ("CECL") accounting methodology, as well as the impact of the COVID-19 pandemic.

We are pleased with Key's second... More