KeyCorp (KEY) Reports Q1 EPS of $0.12

KeyCorp (NYSE: KEY) reported Q1 EPS of $0.12, may not compare to the analyst estimate of $0.18. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.56 billion.

• 1Q20 results reflect the Current Expected Credit Losses accounting methodology; provision for credit losses exceeded net charge-offs by $275 million, or $.23 per share $92 million, or $.08 per share, impact from market-related valuation adjustments Capital and liquidity positioned to weather adverse operating environments Strong risk profile with disciplined underwriting standards Performing critical role in providing capital and assistance to our clients; over 38,000 applications being processed for Paycheck Protection Program

For earnings history and earnings-related data on KeyCorp (KEY) click here.

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