KeyCorp Earnings, Revenue Miss in Q1

Investing.com - KeyCorp (NYSE:KEY) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

KeyCorp announced earnings per share of $0.2 on revenue of $1.47B. Analysts polled by Investing.com anticipated EPS of $0.33 on revenue of $1.56B. That with comparison to EPS of $0.38 on revenue of $1.52B in the same period a year before. KeyCorp had reported EPS of $0.48 on revenue of $1.64B in the previous quarter. Analysts are expecting EPS of $0.29 and revenue of $1.57B in the upcoming quarter.

KeyCorp shares are down 49% from the beginning of the year , still down 49.76% from its 52 week high of $20.52 set on December 20, 2019. They are under-performing the S&P 500 which is down 14.22% year to date.

KeyCorp follows other major Financial sector earnings this month

KeyCorp's report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.

UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.

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