Wednesday, October 17, 2001
Key turns profit
Dayton Business Journal
KeyCorp recorded a small gain in earnings for the third quarter, the Cleveland-based financial institution said this morning.
Net earnings were $249 million, or 58 cents per share, an increase from $245 million, or 57 cents per share, for the same period last year.
Analysts had projected profit of between 55 cents and 60 cents per share, according to Thomson Financial/First Call.
KeyCorp credited lower interest rates and increased loans for the growth.
The company ranks fifth in the Dayton market, with 31 Key Bank branches and more than $1.03 billion in deposits locally.
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