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Stockreport

KeyCorp Reports Third Quarter 2018 Net Income Of $468 Million, Or $.45 Per Common Share

KEYCORP (KEY)  More Company Research Source: PR Newswire
Last keycorp earnings: 10/18 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
PDF CLEVELAND, Oct. 18, 2018 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced third quarter net income from continuing operations attributable to Key common shareholders of $468 million, or $.45 per common share, compared to $464 million, or $.44 per common share, for the second quarter of 2018 and $349 million, or $.32 per common share, for the third quarter of 2017."Our solid third quarter results reflect our success in growing and expanding client relationships, driving efficiency across the organization, and staying true to our moderate risk profile. This quarter, our return on tangible common equity ratio was 16.8%, and our cash efficiency ratio was 58.7%, both an improvement of over 300 basis points from last year. "Our Community Bank and Corporate Bank both contributed to our year-over-year revenue growth of 3%, which demonstrates our competitive positioning and the success of our distinctive relationship-based business model. Expense management remains a priority, as we continu [Read more]

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