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KeyCorp reports third quarter earnings |
| KeyCorp, the parent company of Key Bank, which has numerous branches on the Kitsap Peninsula, announced third quarter income from continuing operations of $224 million, or $0.57 per diluted common share. This compares to income from continuing operations of $305 million, or $0.74 per share, for the third quarter of 2006, and $337 million, or $0.85 per share, for the second quarter of this year.
Key’s income from continuing operations for the first nine months was $919 million, or $2.31 per diluted common share. This compares to income from continuing operations – before the cumulative effect of an accounting change — of $882 million, or $2.15 per share, for the first nine months of 2006.Net income totaled $210 million, or $0.54 per diluted common share, for the third quarter of 2007, compared to net income of $312 million, or $0.76 per share, for the third quarter of 2006 and $334 million, or $0.84 per share, for the second quarter of 2007. Key’s net income for the first nine months was $894 million, or $2.25 per diluted common share, compared to $909 million, or $2.21 per share, for the same period last year. |
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