This Week
  • Arts and cultural groups are using a range of strategies to draw younger people.

  • ConServe does collection work for government, education and business.

  • Prominent cancer surgeon to lead URMC's department of surgery.

  • Donald Mead draws on his experience in leading furniture maker Gunlocke Co.

  • Anne Gabel, 27, owns MJ Gabel Diamond and Jewelry Buyers.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

KeyCorp shares rise after beating expectations

Rochester Business Journal
October 17, 2013

KeyCorp stock was up 30 cents Thursday, a day after the company reported an 8.5 percent increase in quarterly net income attributable to shareholders.

The parent of KeyBank N.A. in the Rochester market reported quarterly net income available to common shareholders of $229 million, or 25 cents a diluted share Wednesday, up from $211 million, or 22 cents a share, in the third quarter 2012.

Analysts had expected earnings of 23 cents a share.

Revenues benefited from loan growth, including an 11 percent increase in in commercial, financial and agricultural loans, Chairman and CEO Beth Mooney said.

KeyBank ranks sixth in Rochester with local deposits of $1.15 billion and a market share of 7.3 percent.

The stock (NYSE: KEY) was trading at $12.44 midday, up 2.5 percent.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google