KeyCorp (NYSE:KEY) unveiled its second quarter earnings results on Wednesday 22nd July 2020 before market open.
The provider of retail and commercial banking services, reported $ 0.17 income per share for the quarter, beat the consensus estimate of $ 0.08 income per share by $ 0.09 or 112.50 percent.
The second quarter results reflect the Current Expected Credit Losses accounting methodology, as well as the impact of the COVID-19 pandemic.
The quarterly earnings down 57.50 percent compared with the same quarter last year.
The firm had revenue of $ 1,717.00 million for the quarter, compared to the consensus estimate of $ 1596.27 million. The revenues outshined analysts estimates by $ 120.73 million or 7.56 percent.
The financial report showed revenues up 6.58 percent versus second quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
