CLEVELAND (AP) _ KeyCorp (KEY) on Thursday reported second-quarter net income of $412 million.
The bank, based in Cleveland, said it had earnings of 36 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were 34 cents per share.
The results met Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 34 cents per share.
The bank holding company posted revenue of $1.77 billion in the period. Its adjusted revenue was $1.63 billion, which beat Street forecasts. Seven analysts surveyed by Zacks expected $1.52 billion.
KeyCorp shares have increased slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 10 percent. The stock has increased 63 percent in the last 12 months.
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