This Week
  • Schneiderman aiming to curb violations of mental health parity law.

  • Blue Cross Arena general manager Jeff Calkins draws top talent in a competitive market.

  • Twenty years ago, RIT pioneered one of today's top degree programs: software engineering.

  • Martino Flynn LLC plans to grow revenue by 5 percent to 10 percent this year.

  • Steve Glickman wants to infuse Rochester region with new ideas, perspectives.

  • The Schools Report Card has rankings for 27 districts and more than 250 schools.

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