KeyCorp profit tumbles amid market turmoil
NEW YORK |
NEW YORK (Reuters) - KeyCorp (KEY.N), a large U.S. Midwest bank, said on Thursday first-quarter earnings tumbled, hurt by losses from loan sales and write-downs amid market turmoil.
Cleveland-based KeyCorp said net income fell to $218 million, or 54 cents per share, from $350 million, or 87 cents per share, in the year-ago quarter.
(Reporting by Paritosh Bansal, editing by Maureen Bavdek)
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