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KeyCorp (KEY.N)

KEY.N on New York Stock Exchange

18.25USD
21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

KeyCorp Q4 EPS $0.31 excluding items
Thursday, 19 Jan 2017 06:30am EST 

Keycorp : KeyCorp reports fourth quarter 2016 net income of $213 million, or $.20 per common share; earnings per common share of $.31, excluding $.11 of merger-related charges . Q4 earnings per share $0.31 excluding items . Q4 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Q4 net income from continuing operations attributable to key common shareholders of $0.20 per common share . KeyCorp - Q4 common equity tier 1 ratio 9.59 percent versus 9.56 percent in Q3 . Q4 net loan charge-offs $72 million versus $37 million . KeyCorp - Q4 tier 1 risk-based capital ratio 10.95 percent versus 10.53 percent in Q3 . Q4 allowance for loan and lease losses $858 million versus $796 million .KeyCorp - Q4 taxable equivalent net interest income $948 million versus $610 million.  Full Article

KeyCorp provides notice of redemption of Series C preferred stock
Thursday, 12 Jan 2017 04:08pm EST 

Keycorp : KeyCorp provides notice of redemption of Series C preferred stock .KeyCorp - Intention to redeem all outstanding shares of its fixed-to-floating rate perpetual non-cumulative preferred stock, Series C on Feb. 15, 2017.  Full Article

QTS increases unsecured credit facility by $300 mln to $1.2 bln
Wednesday, 21 Dec 2016 05:52pm EST 

QTS Realty Trust Inc : QTS increases unsecured credit facility by $300 million to $1.2 billion and extends maturity date . QTS Realty Trust Inc - credit facility also provides for a $300 million accordion feature to increase credit facility up to $1.5 billion .QTS increases unsecured credit facility by $300 million to $1.2 billion and extends maturity date.  Full Article

KeyCorp expects to achieve full run-rate savings on First Niagara deal by H2 2017 - Conf Call
Tuesday, 25 Oct 2016 10:34am EDT 

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 06:30am EDT 

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 06:30am EDT 

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
Thursday, 22 Sep 2016 03:15pm EDT 

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

KeyBank says has added masterpass by mastercard to its mobile payments capabilities
Tuesday, 16 Aug 2016 09:25am EDT 

KeyBank :KeyBank says has added masterpass by mastercard to its mobile payments capabilities.  Full Article

KeyCorp sees 2016 average loan growth in mid single digits vs. 2015
Tuesday, 26 Jul 2016 07:00am EDT 

KeyCorp : Sees 2016 average loan growth in mid single digits versus 2015 .Sees 2016 net interest income growth in low to mid single digits without benefit of rate hike, up mid single digits with benefit of rate hike.  Full Article

KeyCorp Q2 adjusted earnings per share $0.27
Tuesday, 26 Jul 2016 06:30am EDT 

Keycorp Reports Second Quarter 2016 Net Income Of $193 Million, Or $.23 Per Common Share; Earnings Per Common Share Of $.27, Excluding $.04 Of Merger : Keycorp q2 tier 1 common equity ratio of 11.12 percent . Qtrly allowance for loan and lease losses $854 million versus $796 million . Related expense . Q2 earnings per share $0.27 excluding items . Q2 earnings per share $0.23 from continuing operations . Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S . "look forward to resuming share repurchases upon completion of our first niagara acquisition" . Based capital ratio of 11.43 percent . Qtrly net loan charge-offs to average loans of 0.28%, down from 0.31% in prior quarter .Keycorp q2 taxable equivalent net interest income $ 605 million versus $591 million a year ago.  Full Article

BRIEF-KeyBanc Capital Markets to acquire Cain Brothers

* KeyCorp - ‍following closing of deal and upon receipt of regulatory approvals, Cain Brothers will go to market as a division of KeyBanc Capital Markets​