KeyCorp (NYSE:KEY) provider of retail and commercial banking services, is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.37 per share.
Looking ahead, the full year income are expected at $ 1.00 per share on the revenues of $ 6597.40 million.
Previous Quarter Performance
KeyCorp revealed income for the second quarter of $ 0.17 per share, from the revenue of $ 1,717.00 million. The quarterly earnings reduced 57.50 percent while revenues raised 6.58 percent compared with the same quarter last year.
According to street consensus, KEY was expected to report 2Q20 income of $ 0.08 per share from revenue of $ 1596.27 million. The bottom line results beat street analysts by $ 0.09 or 112.50 percent, at the same time, top line results outshined analysts by $ 120.73 million or 7.56 percent.
Stock Performance
Shares of KeyCorp traded up $ 0.30 or 2.35 percent on Tuesday, reaching $ 13.08 with volume of 7.28 million shares. KeyCorp has traded high as $ 13.33 and has cracked $ 12.98 on the downward trend
The closing price of $ 13.08, representing a 71.54 % increase from the 52 week low of $ 7.45 and a 37.75 % decrease over the 52 week high of $ 20.53.
The company has a market capital of $ 12.77 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
KeyCorp will be hosting a conference call at 9:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.key.com
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The companys Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans. It also purchases retail auto-sales contracts through a network of auto dealership; offers financial, estate and retirement planning, asset management, and trust services, as well as portfolio management, life insurance, charitable giving, and related services for high-net-worth clients.
