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KeyCorp (KEY.N)

KEY.N on New York Stock Exchange

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13 Jul 2018
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Latest Key Developments (Source: Significant Developments)

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

KeyCorp expects to achieve full run-rate savings on First Niagara deal by H2 2017 - Conf Call
Tuesday, 25 Oct 2016 

Keycorp : Expects to achieve full run rate savings (on First Niagara deal) by back half of 2017; will reflect in 2018 results - conf call Further company coverage: [KEY.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Keycorp reports third quarter 2016 results
Tuesday, 25 Oct 2016 

KeyCorp : KeyCorp reports third quarter 2016 net income of $165 million, or $.16 per common share; earnings per common share of $.30, excluding $.14 of merger-related charges . Q3 earnings per share $0.30 excluding items . Q3 earnings per share $0.16 from continuing operations . Q3 earnings per share view $0.26 -- Thomson Reuters I/B/E/S . KeyCorp says taxable-equivalent net interest income was $788 million for Q3 of 2016 compared to taxable-equivalent net interest income of $598 million . KeyCorp says acquisition of First Niagara contributed approximately $175 million of net interest income in q3 of 2016 . KeyCorp says Q3 2016 net interest income included an additional $6 million of one-time merger-related charges . Qtrly adjusted common equity tier 1 ratio of 9.55 percent versus 11.10 percent in Q2 . Qtrly tier 1 risk-based capital ratio was 10.52 percent versus 11.41 percent in Q2 . Key's provision for credit losses was $59 million for Q3 of 2016, compared to $45 million .Net loan charge-offs for Q3 of 2016 totaled $44 million, compared to $43 million in Q2.  Full Article

Keycorp sees Q4 net charge-offs relatively stable with Q3
Tuesday, 25 Oct 2016 

Keycorp : Sees Q4 net charge-offs relatively stable with Q3; sees Q4 provision for credit losses to slightly exceed charge-offs for Q4 .Sees "elevated levels" of merger related charges from first Niagara deal to continue in Q4.  Full Article

KeyBank receives regulatory approval for First Niagara Bank merger
Friday, 23 Sep 2016 

Keycorp :KeyBank receives regulatory approval for First Niagara Bank merger.  Full Article

BRIEF-KeyCorp Declares Increased Quarterly Common Dividend Of Twelve Cents Per Share

* KEYCORP DECLARES INCREASED QUARTERLY COMMON DIVIDEND OF TWELVE CENTS PER SHARE