KeyCorp (KEY) Releases Earnings Results, Misses Expectations By $-0.01 EPS

KeyCorp (KEY) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.24 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.25. The company posted revenue of $1043.00 million in the period, compared to analysts expectations of $1038.91 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on KeyCorp. Morgan Stanley Resumed KeyCorp on Apr 12, 2016 to “Equal-Weight”, Price Target of the shares are set at $13.50.Shares were Reiterated by RBC Capital Mkts on Apr 5, 2016 to “Outperform” and Lowered the Price Target to $ 13 from a previous price target of $14 .

KeyCorp opened for trading at $11.6 and hit $11.86 on the upside on Monday, eventually ending the session at $11.79, with a gain of 0.77% or 0.09 points. The heightened volatility saw the trading volume jump to 86,20,836 shares. Company has a market cap of $9,852 M.

In a different news, on Mar 4, 2016, Elizabeth R. Gile (director) purchased 715 shares at $12.62 per share price. According to the SEC, on Feb 22, 2016, Ruth Ann M Gillis (director) purchased 8,300 shares at $10.63 per share price. On Feb 22, 2016, Kristen L Manos (director) purchased 10,000 shares at $10.62 per share price, according to the Form-4 filing with the securities and exchange commission.

KeyCorp is a bank holding company. The Bank operates through its subsidiary KeyBank National Association which is engaged in providing banking services. Through KeyBank and other subsidiaries the Bank provides a range of retail and commercial banking commercial leasing investment management consumer finance commercial mortgage servicing and special servicing and investment banking products and services. The Bank provides these services to individual corporate and institutional clients. The Bank operates in two segments: Key Community Bank which serves individuals and small to mid-sized businesses by offering a variety of deposit investment lending credit card and personalized wealth management products and business advisory services and Key Corporate Bank is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer energy healthcare industrial public sector real estate and technology.


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