KeyCorp stock drops after missing earnings target and losing deposits

KeyCorp KEY stock fell 2.2% in premarket trades after the regional bank missed its first-quarter earnings target because of a build up in credit loss allowance and reported a drop in deposits. KeyCorp said its first-quarter net income fell to $275 million, or 30 cents a share, from $420 million, or 45 cents a share, in the year-ago quarter. The company fell short of the analyst estimate of 44 cents a share.

2% in premarket trades after the regional bank missed its first-quarter earnings target because of a build up in credit loss allowance and reported a drop in deposits. KeyCorp said its first-quarter net income fell to $275 million, or 30 cents a share, from $420 million, or 45 cents a share, in the year-ago quarter. The company fell short of the analyst estimate of 44 cents a share.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market today: US futures up on US earns, China growthGlobal shares were mixed Tuesday as pessimism over economic and political uncertainties remained even as China reported better-than-expected growth data.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »