KeyCorp reports results for the quarter ended September 30 - Earnings Summary

• KeyCorp KEY reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 36 cents to 41 cents per share.

• Revenue rose 17.5% to $1.90 billion from a year ago; analysts expected $1.88 billion.

• KeyCorp's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $453 million.

• KeyCorp shares had fallen by 5.1% this quarter and gained 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for KeyCorp is $21.00, about 15.6% above its last closing price of $17.73

This summary was machine generated from LSEG data October 16 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)