KeyCorp Misses, Loss Widens – Analyst Blog
Posted by: in Home Mortgages, tags: 50 Cents, Assets, Blog, Consensus, Excerpt, Investments, Keycorp, Loan Losses, Provision, Quarter Loss, Quarter Results, Random, Real Estate, Social Bookmarking Sites, Web Pages, ZacksRandom Feed wrote an interesting post today on
Here’s a quick excerpt
KeyCorp’s ( KEY ) third quarter loss from continuing operations of 50 cents per share was substantially worse than the Zacks Consensus Estimated loss of 39 cents. This compares unfavorably to a net loss from continuing operations of 2 cents in the prior-year quarter. Results were primarily hurt by an increase in the provision for loan losses, write-downs of certain real estate-related investments, higher costs associated with other real estate-owned (OREO) assets and the write-off of certain
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