KeyCorp reported a net income of $439 million, or $0.45 per diluted common share, for Q4 2019. The company achieved its seventh consecutive year of positive operating leverage, driven by balance sheet growth, fee-based businesses, and expense control. KeyCorp also completed $241 million of common share repurchases during the quarter.
Seventh consecutive year of positive operating leverage
Positive momentum in core businesses: solid growth in loans and deposits
Strong expense management: noninterest expense down 3% from 4Q18
Significant capital return: 9% increase in common share dividend and $868 million in share repurchases in 2019
KeyCorp did not provide specific forward guidance in the Q4 2019 earnings report.
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