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KeyCorp (KEY.N)

KEY.N on New York Stock Exchange

16.90USD
22 Jan 2019
Change (% chg)

$0.05 (+0.30%)
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Latest Key Developments (Source: Significant Developments)

Keycorp Reports Q4 Net Income Of $0.45/Share
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - KeyCorp ::REPORTS FOURTH QUARTER 2018 NET INCOME OF $459 MILLION, OR $.45 PER COMMON SHARE.TAXABLE-EQUIVALENT NET INTEREST INCOME WAS $1.0 BILLION FOR Q4 OF 2018 COMPARED TO $952 MILLION.QTRLY NET INTEREST MARGIN WAS 3.16% COMPARED TO 3.09%.QTRLY RETURN ON AVERAGE TANGIBLE COMMON EQUITY FROM CONTINUING OPERATIONS 16.40% VERSUS 6.35 PERCENT.NONINTEREST EXPENSE WAS $1.0 BILLION FOR Q4 OF 2018, COMPARED TO $1.1 BILLION IN YEAR-AGO QUARTER.QTRLY TOTAL REVENUE $1,653 MILLION VERSUS $1,608 MILLION LAST YEAR.Q4 REVENUE VIEW $1.64 BILLION -- REFINITIV IBES DATA.NET LOAN CHARGE-OFFS FOR Q4 OF 2018 TOTALED $60 MILLION, OR .27% OF AVERAGE TOTAL LOANS.4Q18 RESULTS INCLUDED NET IMPACT OF $.03/SHARE RELATED TO NOTABLE ITEMS: A PENSION SETTLEMENT CHARGE AND EFFICIENCY INITIATIVE EXPENSES.AVERAGE LOANS WERE $89.3 BILLION FOR Q4 OF 2018, AN INCREASE OF $3.3 BILLION COMPARED TO Q4 OF 2017.PROVISION FOR CREDIT LOSSES WAS $59 MILLION FOR Q4 OF 2018, COMPARED TO $49 MILLION FOR Q4 OF 2017 AND $62 MILLION FOR Q3 OF 2018."REMAIN COMMITTED TO REDUCING EXPENSES IN 2019 AND ACHIEVING OUR $200 MILLION COST SAVINGS TARGET".Q4 SHR VIEW $0.47 -- REFINITIV IBES DATA.  Full Article

KeyBank To Acquire Online Lending Business Laurel Road
Thursday, 17 Jan 2019 

Jan 16 (Reuters) - KeyCorp ::KEYBANK TO ACQUIRE ONLINE LENDING BUSINESS LAUREL ROAD.FINANCIAL TERMS OF TRANSACTION HAVE NOT BEEN DISCLOSED.LAUREL ROAD EMPLOYEE TEAMS WILL CONTINUE TO BE BASED IN NEW YORK, CONNECTICUT, AND CALIFORNIA..LAUREL ROAD'S THREE BANK BRANCHES LOCATED IN SOUTHEAST CONNECTICUT ARE NOT PART OF THIS TRANSACTION.WITH INTEGRATION, APPROXIMATELY 140 LAUREL ROAD EMPLOYEES WILL JOIN KEY.  Full Article

Keycorp Reports Second Quarter 2018 Net Income Of $.44 Per Share
Thursday, 19 Jul 2018 

July 19 (Reuters) - KeyCorp ::REPORTS SECOND QUARTER 2018 NET INCOME OF $464 MILLION, OR $.44 PER COMMON SHARE.COMMON EQUITY TIER 1 RATIO 10.12 PERCENT AT QUARTER-END VERSUS 9.99 PERCENT REPORTED IN Q1 .QTRLY NET LOAN CHARGE-OFFS $60 MILLION VERSUS $66 MILLION REPORTED LAST YEAR.QTRLY PROVISION FOR CREDIT LOSSES $64 MILLION VERSUS $66 MILLION REPORTED LAST YEAR.QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME $987 MILLION VERSUS $987 MILLION REPORTED LAST YEAR.QTRLY ALLOWANCE FOR LOAN AND LEASE LOSSES $887 MILLION VERSUS $870 MILLION REPORTED LAST YEAR.QUARTER-END TIER 1 RISK-BASED CAPITAL RATIO 10.94 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.42 -- THOMSON REUTERS I/B/E/S.  Full Article

Keycorp Announces Plan To Increase Common Stock Dividend And Share Repurchase Program
Friday, 29 Jun 2018 

June 28 (Reuters) - KeyCorp ::KEYCORP ANNOUNCES PLAN TO INCREASE COMMON STOCK DIVIDEND AND SHARE REPURCHASE PROGRAM.KEYCORP - PLAN INCLUDES 42% INCREASE IN QUARTERLY COMMON SHARE DIVIDEND FROM $0.12 PER SHARE UP TO $0.17 PER SHARE.KEYCORP - FEDERAL RESERVE INDICATED IT HAD NO OBJECTION TO COMPANY'S PLAN, WHICH INCLUDES A COMMON SHARE REPURCHASE PROGRAM OF UP TO $1.225 BILLION.  Full Article

Keycorp Reports First Quarter 2018 Net Income Of $402 Million, Or $.38 Per Common Share
Thursday, 19 Apr 2018 

April 19 (Reuters) - KeyCorp ::REPORTS FIRST QUARTER 2018 NET INCOME OF $402 MILLION, OR $.38 PER COMMON SHARE.Q1 EARNINGS PER SHARE $0.38 FROM CONTINUING OPERATIONS.QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME $952 MILLION VERSUS $929 MILLION REPORTED LAST YEAR.Q1 EARNINGS PER SHARE VIEW $0.38 -- THOMSON REUTERS I/B/E/S.QTRLY NET LOAN CHARGE-OFFS $54 MILLION VERSUS $58 MILLION REPORTED LAST YEAR.QTRLY ALLOWANCE FOR LOAN AND LEASE LOSSES $881 MILLION VERSUS $870 MILLION REPORTED LAST YEAR.AT QUARTER-END, COMMON EQUITY TIER 1 RATIO WAS 10.03 PERCENT.QTRLY PROVISION FOR CREDIT LOSSES $61 MILLION VERSUS $63 MILLION REPORTED LAST YEAR.AT QUARTER-END, TIER 1 RISK-BASED CAPITAL RATIO WAS 10.84 PERCENT.BOTH NET INTEREST INCOME AND NET INTEREST MARGIN BENEFITED FROM HIGHER INTEREST RATES IN QUARTER.  Full Article

Keybank To Sell Key Insurance & Benefits Services
Thursday, 29 Mar 2018 

March 29 (Reuters) - Keycorp ::KEYBANK ENTERS INTO AGREEMENT TO SELL KEY INSURANCE & BENEFITS SERVICES, INC. TO USI INSURANCE SERVICES.KEYCORP - TRANSACTION EXPECTED TO CLOSE IN Q2 2018.KEYCORP - KEYBANK ACQUIRED KEY INSURANCE & BENEFITS SERVICES, INC. AS PART OF 2016 MERGER WITH FIRST NIAGARA FINANCIAL.  Full Article

KeyCorp posts Q4 earnings per share of $0.17
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Keycorp ::REPORTS FOURTH QUARTER 2017 NET INCOME OF $181 MILLION, OR $.17 PER COMMON SHARE.Q4 EARNINGS PER SHARE $0.36 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE VIEW $0.35 -- THOMSON REUTERS I/B/E/S.QTRLY ‍ NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO KEY COMMON SHAREHOLDERS OF $0.17 PER COMMON SHARE​.QTRLY TIER 1 RISK-BASED CAPITAL RATIO 10.93 PERCENT VERSUS 11.11 PERCENT IN Q3.QTRLY TAXABLE-EQUIVALENT NET INTEREST INCOME WAS $952 MILLION , COMPARED TO TAXABLE-EQUIVALENT NET INTEREST INCOME OF $948 MILLION LAST YEAR ​.QTRLY COMMON EQUITY TIER 1 RATIO 10.08 PERCENT VERSUS 10.26 PERCENT IN Q3.QTRLY ‍ALLOWANCE FOR LOAN AND LEASE LOSSES $877​ MILLION VERSUS $880 MILLION IN Q3 2017.‍QTRLY NET LOAN CHARGE-OFFS FOR Q4 OF 2017 TOTALED $52 MILLION COMPARED TO $72 MILLION, FOR Q4 OF 2016​.QTRLY ‍PROVISION FOR CREDIT LOSSES $49 MILLION VERSUS $51​ MILLION IN Q3 2017.‍TOTAL IMPACT OF TAX REFORM AND RELATED ACTIONS WAS $0.16 PER COMMON SHARE IN Q4 OF 2017​.REVALUATION OF DEFERRED TAX ASSETS & LIABILITIES RESULTED IN ESTIMATED TAX EXPENSE OF $147 MILLION RECOGNIZED IN FOURTH QUARTER.  Full Article

Keycorp declares increased quarterly common share dividend
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Keycorp ::Keycorp declares increased quarterly common share dividend of ten and one half cents.Keycorp - ‍cash dividend of $0.105 per common share represents an 11% increase compared to $0.095 per common share paid last quarter​.  Full Article

Keycorp reports Q3 adjusted earnings per share $0.35‍​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Keycorp :KeyCorp reports third quarter 2017 net income of $349 million, or $.32 per common share.KeyCorp - Qtrly net loan charge-offs $32‍​ million versus $44 million last year.KeyCorp - Qtrly allowance for loan and lease losses $880‍​ million versus $865 million last year.KeyCorp- Qtrly common equity tier 1 ratio 10.26‍​ percent versus 9.91 percent in Q2.KeyCorp- Qtrly tier 1 risk-based capital ratio ‍​ 11.11 percent versus 10.73 percent in Q2.Keycorp - ‍Taxable-equivalent net interest income was $962 million for Q3 compared to taxable-equivalent net interest income of $788 million for Q3 of 2016​.Keycorp - ‍Q3 2017 net interest income included $48 million of purchase accounting accretion related to acquisition of First Niagara​.Keycorp - Third quarter 2017 net interest income included $48 million of purchase accounting accretion related to the acquisition of First Niagara‍​.Q3 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Keycorp - ‍Q3 results included net impact of $0.03 per common share related to merger-related charges, merchant services gain adjustment​.Keycorp - Qtrly provision for credit losses $51 million versus $59 mln‍​ last year.Qtrly adjusted earnings per share $0.35‍​.  Full Article