UPDATE: KeyCorp Q4 Profit Rises 1.5%
KeyCorp (NYSE: KEY) reported a 1.5% rise in its fourth-quarter profit.
KeyCorp's quarterly profit surged to $203 million, from $200 million, in the year-ago period. Its per-share earnings rose to $0.21 from $0.20.
Its total revenue climbed 9.8% to $1.07 billion. However, analysts were expecting a profit of $0.21 per share on revenue of $1.06 billion.
KeyCorp's noninterest expenses rose 5.4% to $756 million.
KeyCorp shares closed at $9.30 yesterday.
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