KeyCorp Climbs After Profit Exceeds Estimates: Detroit Mover
KeyCorp rose 5.2 percent to $8.85 at 9:31 a.m. in New York. Operating net income fell 6.6 percent to $214 million, or 23 cents a share, from $229 million, or 24 cents, a year earlier, the Cleveland, Ohio-based bank said today in a statement. That exceeded the average estimate of 21 cents a share from analysts surveyed by Bloomberg. Revenue rose 8.1 percent to $1.12 billion from a year earlier.
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