KeyCorp Reports Third Quarter 2020 Net Income Of $397 Million, Or $.41 Per Diluted Common Share

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Go back to KeyCorp Reports Third Quarter 2020 Net Income Of $397 Million, Or $.41 Per Diluted Common Share

KeyCorp (KEY) Tops Q3 EPS by 4c

October 21, 2020 6:32 AM EDT

KeyCorp (NYSE: KEY) reported Q3 EPS of $0.41, $0.04 better than the analyst estimate of $0.37.

Revenue up 3% from year-ago period, reflecting continued momentum in consumer and commercial businessesStrong balance sheet with Common Equity Tier 1 Capital of 9.5%, up 40 basis points from prior quarterDisciplined risk management and underwriting drives credit quality: net charge-offs to average loans of 49 basis points Double-digit growth in loans and deposits compared to prior yearNoninterest income up 5% from the prior year, driven by growth in payments... More