KeyCorp Drops Nearly 6% on Q1 Earnings Miss

KeyCorp (NYSE: KEY) shares fell on Thursday as the nationwide banking group reported its Q1 of fiscal 2020 results.

For the quarter, the company booked $1.47 billion in revenue, which was nearly 4% lower on a year-over-year basis. That was in spite of loan balances that rose by over 7% to $96.2 billion, and deposits that increased almost 4% to $82.6 billion.

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Source Fool.com