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

• KeyCorp KEY.N reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 32 cents to 38 cents per share.

• Revenue rose 20.6% to $1.84 billion from a year ago; analysts expected $1.80 billion.

• KeyCorp's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $389 million.

• KeyCorp shares had risen by 4.9% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 $19.00, about 3.8% above its last closing price of $18.28

This summary was machine generated from LSEG data July 22 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)