This Week
  • MT Computer Systems Inc. developed out of its founder's desire to prove himself.

  • Putnam, onetime CEO of hospital here, now plays a national role.

  • The new edition of Explore Greater Rochester is here.

  • Lawrence Merle's Genesee Construction Service has been general contractor of the Culver Road Armory.

  • With falling prices, are commodities a bargain investment or a risky bet?

  • John Johnson introduced software to help guide Baldwin Richardson Foods Co.

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