Investing.com - KeyCorp (NYSE:KEY) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
KeyCorp announced earnings per share of $0.64 on revenue of $1.95B. Analysts polled by Investing.com anticipated EPS of $0.5633 on revenue of $1.8B.
KeyCorp shares are up 10% from the beginning of the year, still down 5.82% from its 52 week high of $27.17 set on January 18. They are outperforming the S&P 500 which is down 4.9% from the start of the year.
KeyCorp follows other major Financial sector earnings this month
KeyCorp's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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