KeyCorp’s earnings rise as deposits, lending and interest margins improve
KeyCorp ($KEY) reported net income from continuing operations attributable to common shareholders of $537 million, or $0.51 per share, compared with $454 million and $0.41 a year earlier. Revenue increased 8% year on year and 4% sequentially to $2.044 billion. Net interest margin reached 2.95%, improving by 20 basis points from the comparable year-earlier quarter and six basis points from the preceding quarter. Average deposits grew by $3.6 billion sequentially and average loans held for investm
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