KeyCorp returns to a profit in first ...

KeyCorp returns to a profit in first quarter

There are 1 comment on the Business story from Apr 18, 2011, titled KeyCorp returns to a profit in first quarter. In it, Business reports that:

CLEVELAND: KeyCorp returned to a profit in its first quarter, the regional bank said Monday, helped by lower credit costs and improving credit quality.

Join the discussion below, or Read more at Business.

Patent Litigation

Beijing, China

#1 Apr 19, 2011
Here is a similar story

Large regional bank M&T Bank Corp. Monday reported loan growth in its first quarter results and KeyCorp said at least it saw signs of a turnaround, as loan growth becomes the focus for bank investors.

For both banks earnings grew, not through loan growth but as improving credit quality led to smaller loan-loss reserves. M&T shares rose 2.3% to $87.29 recently. KeyCorp dropped 3% to $8.55.

At Key, the Cleveland parent of KeyBank, loan balances actually fell across the board as the bank exited certain types of lending, including commercial real estate.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

KeyCorp Discussions

Title Updated Last By Comments
News Watch List: KeyCorp, Constellation Brands, Saks... (Mar '13) Mar '13 none 1
News Executive Chatter with KeyCorp's Henry Meyer (Mar '06) Apr '11 Anthony Quatroni 9
News KeyBank to pursue Columbus inroads | The Columb... (Jan '11) Jan '11 Gordon Shumway 1
News Huntington gets back into black | The Columbus ... (Apr '10) Apr '10 alright 7
News KeyCorp vice chairman to join struggling AIG | ... (Feb '10) Feb '10 DJ A 2
News KeyCorp posts wider 3rd quarter loss | The Colu... (Oct '09) Oct '09 Gordon Shumway 1
News 3 Banks Plan Stock Offerings To Repay Gov't Funds (May '09) May '09 Stock Market Club 1
More from around the web