KeyCorp rises after higher Q1 profit

KeyCorp

17/04/2025 15:46

** KeyCorp's KEY.N shares up ~1.6% at $14.30

** KEY reports higher Q1 net profit, boosted by higher interest income

** Bank posts Q1 net profit of $370 mln, or 33 cents per share, compared with $183 mln, or 20 cents per share, in the year-ago period

** Investment banking and debt placement fees at KeyCorp rose to $175 mln from $170 mln a year earlier

** 12 of 23 brokerages rate stock "buy" or higher, 11 "hold"; their median PT is $18.50 - LSEG data

** Including session's move, stock down ~16.3% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))