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KeyCorp (KEY.N)

KEY.N on New York Stock Exchange

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24 May 2019
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Latest Key Developments (Source: Significant Developments)

Keycorp Sees FY19 Net Interest Income Of $4 Bln
Thursday, 18 Apr 2019 07:30am EDT 

April 18 (Reuters) - KeyCorp ::KEYCORP - SEES FY 2019 NET INTEREST INCOME OF $4.0 BILLION - $4.1 BILLION; ASSUMES INTEREST RATES REMAIN UNCHANGED.KEYCORP - SEES FY 2019 NONINTEREST INCOME OF $2.5 BILLION - $2.6 BILLION.KEYCORP - SEES FY 2019 NONINTEREST EXPENSE OF $3.85 BILLION - $3.95 BILLION.KEYCORP - SEES FY 2019 NET CHARGE-OFFS TO AVERAGE LOANS BELOW TARGETED RANGE OF 40 - 60 BPS.KEYCORP - SEES FY 2019 PROVISION SLIGHTLY EXCEED NET CHARGE-OFFS.KEYCORP - IN LOANS, SEES FY 2019 AVERAGE BALANCES OF $90 BILLION - $91 BILLION.KEYCORP - IN DEPOSITS, SEES FY 2019 AVERAGE BALANCES OF $108 BILLION - $109 BILLION.KEYCORP - TARGETS ROTCE OF 16-19 PERCENT IN LONG-TERM.KEYCORP - TARGETS CASH EFFICIENCY RATIO OF 54-56 PERCENT IN LONG-TERM.KEYCORP - TARGETS NET CHARGE-OFFS TO AVERAGE. LOANS OF 40-60 BPS IN LONG-TERM.  Full Article

KeyCorp Reports Q1 2019 Net Income Of $386 Mln, Or $.38 Per Common Share
Thursday, 18 Apr 2019 06:30am EDT 

April 18 (Reuters) - KeyCorp ::REPORTS FIRST QUARTER 2019 NET INCOME OF $386 MILLION, OR $.38 PER COMMON SHARE.TAXABLE-EQUIVALENT NET INTEREST INCOME WAS $985 MILLION FOR THE FIRST QUARTER OF 2019, VERSUS $952 MILLION.1Q19 RESULTS INCLUDED A NET IMPACT OF $.02 PER COMMON SHARE FROM NOTABLE ITEMS RELATED TO EFFICIENCY INITIATIVE EXPENSES.CAPITAL PLANS, BEGINNING IN Q3 OF 2019 INCLUDE A 9% INCREASE IN OUR COMMON SHARE DIVIDEND, FROM $.17 TO $.185, IN Q3 OF THIS YEAR.QTRLY TOTAL REVENUE $1,521 MILLION VERSUS $1,553 MILLION.PLAN TO REPURCHASE UP TO $1 BILLION IN COMMON SHARES OVER Q3.ANNOUNCED CAPITAL PLANS, BEGINNING IN Q3 OF 2019.AVERAGE LOANS WERE $89.6 BILLION FOR THE FIRST QUARTER OF 2019, AN INCREASE OF $2.7 BILLION.QTRLY RETURN ON AVERAGE TANGIBLE COMMON EQUITY FROM CONTINUING OPERATIONS 13.69 PERCENT VERSUS 14.89 PERCENT.KEY'S PROVISION FOR CREDIT LOSSES WAS $62 MILLION FOR Q1 OF 2019, COMPARED TO $61 MILLION FOR Q1 OF 2018.Q1 REVENUE VIEW $1.60 BILLION -- REFINITIV IBES DATA.  Full Article

Keycorp declares increased quarterly common share dividend
Thursday, 16 Nov 2017 04:05pm EST 

Nov 16 (Reuters) - Keycorp ::Keycorp declares increased quarterly common share dividend of ten and one half cents.Keycorp - ‍cash dividend of $0.105 per common share represents an 11% increase compared to $0.095 per common share paid last quarter​.  Full Article

Keycorp reports Q3 adjusted earnings per share $0.35‍​
Thursday, 19 Oct 2017 06:30am EDT 

Oct 19 (Reuters) - Keycorp :KeyCorp reports third quarter 2017 net income of $349 million, or $.32 per common share.KeyCorp - Qtrly net loan charge-offs $32‍​ million versus $44 million last year.KeyCorp - Qtrly allowance for loan and lease losses $880‍​ million versus $865 million last year.KeyCorp- Qtrly common equity tier 1 ratio 10.26‍​ percent versus 9.91 percent in Q2.KeyCorp- Qtrly tier 1 risk-based capital ratio ‍​ 11.11 percent versus 10.73 percent in Q2.Keycorp - ‍Taxable-equivalent net interest income was $962 million for Q3 compared to taxable-equivalent net interest income of $788 million for Q3 of 2016​.Keycorp - ‍Q3 2017 net interest income included $48 million of purchase accounting accretion related to acquisition of First Niagara​.Keycorp - Third quarter 2017 net interest income included $48 million of purchase accounting accretion related to the acquisition of First Niagara‍​.Q3 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Keycorp - ‍Q3 results included net impact of $0.03 per common share related to merger-related charges, merchant services gain adjustment​.Keycorp - Qtrly provision for credit losses $51 million versus $59 mln‍​ last year.Qtrly adjusted earnings per share $0.35‍​.  Full Article

Keycorp says will reach $450 mln in cost savings by early 2018
Tuesday, 12 Sep 2017 12:07pm EDT 

Sept 12 (Reuters) - Keycorp ::"There is additional revenue opportunity from First Niagara, which we're in the early days of realizing" - Conf call.Keycorp says will reach $450 million in cost savings by early 2018 from First Niagara acquisition - Conf call.Keycorp says on revenue side, remains confident in reaching $300 million in revenue synergies over next 2-3 years from First Niagara acquisition - Conf call.Keycorp - subject to board approval, qtrly dividend for Q4 and Q2 of next year, would grow by additional 26% from current level to $0.12 per share - Conf call.  Full Article

KeyBanc Capital Markets to acquire Cain Brothers
Tuesday, 15 Aug 2017 04:30pm EDT 

Aug 15 (Reuters) - Keycorp :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​.KeyCorp - ‍transaction is subject to regulatory approval and customary closing conditions and expected to close in late 2017​.  Full Article

KeyCorp sees full year 2017 net interest income $3.8 bln-$3.9 bln
Thursday, 20 Jul 2017 08:18am EDT 

July 20 (Reuters) - Keycorp :Keycorp sees net interest income for full year 2017 in range of $3.8 billion to $3.9 billion - sec filing.Keycorp - sees ‍deposits for fy17 average balances in range of $102.5 billion - $103.0 b​ln.  Full Article

Keycorp reports Q2 net income of $393 million, or $.36 per common share
Thursday, 20 Jul 2017 06:30am EDT 

July 20 (Reuters) - Keycorp :Q2 allowance for loan and lease losses $870 million versus $854 million.Q2 net loan charge-offs $66 million versus $43 million.Keycorp reports second quarter 2017 net income of $393 million, or $.36 per common share.Q2 earnings per share $0.36 from continuing operations.Qtrly common equity tier 1 ratio ‍9.97​ percent versus 9.91 percent in Q1.Qtrly tier 1 risk-based capital ratio ‍10.79​ percent versus 10.74 percent in Q1.Taxable-equivalent net interest income was $987 million for Q2 of 2017, compared to taxable-equivalent net interest income of $605 million year ago.Q2 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Key's provision for credit losses was $66 million for Q2 of 2017, compared to $52 million for Q2 of 2016.2017 capital plan, includes 2 common share dividend increases (subject to board approval), a common share repurchase program of up to $800 million.Share repurchases are expected to be executed over next four quarters.  Full Article

KeyCorp announces CCAR capital plan
Wednesday, 28 Jun 2017 04:42pm EDT 

June 28 (Reuters) - KeyCorp ::KeyCorp announces CCAR capital plan which includes two common stock dividend increases and new share repurchase authorization.KeyCorp - increase in quarterly common share dividend from $0.095 per share up to $0.105 per share.KeyCorp - additional potential increase in quarterly common share dividend, up to $.120 per share will be considered by board.KeyCorp - co's plan includes common share repurchase program of up to $800 million.KeyCorp - company anticipates repurchasing common shares under 2017 capital plan through June 30, 2018.  Full Article

KeyCorp files for potential mixed shelf, size undisclosed
Friday, 9 Jun 2017 04:05pm EDT 

June 9 (Reuters) - Keycorp ::Keycorp files for potential mixed shelf, size undisclosed - sec filing‍​.  Full Article