KeyCorp Q3 2020 Earnings Report
Key Takeaways
KeyCorp reported a net income of $397 million, or $0.41 per diluted common share, for Q3 2020. Revenue increased by 3% compared to the year-ago period. The company's balance sheet remained strong, with a Common Equity Tier 1 Capital of 9.5%.
Net income from continuing operations attributable to Key common shareholders of $397 million, or $.41 per diluted common share.
Revenue up 3% from year-ago period, reflecting continued momentum in consumer and commercial businesses
Common Equity Tier 1 Capital of 9.5%, up 40 basis points from prior quarter
Noninterest income up 5% from the prior year, driven by growth in payments business and consumer mortgage
KeyCorp
KeyCorp
KeyCorp Revenue by Segment
Forward Guidance
This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not relate strictly to historical or current facts. Forward-looking statements usually can be identified by the use of words such as “goal,” “objective,” “plan,” “expect,” “assume,” “anticipate,” “intend,” “project,” “believe,” “estimate,” or other words of similar meaning.
Revenue & Expenses
Visualization of income flow from segment revenue to net income