KeyCorp reports results for the quarter ended December 31 - Earnings Summary

• KeyCorp KEY.N reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 30 cents to 36 cents per share.

• Revenue fell 52% to $738.00 million from a year ago; analysts expected $1.74 billion.

• KeyCorp's reported EPS for the quarter was a loss of 28 cents​.

• The company reported a quarterly loss of $279 million.

• KeyCorp shares had risen by 6.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $20.00

This summary was machine generated from LSEG data January 21 at 06:31 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)