Rochester, NY 7/31/2009 10:40:24 AM
After Hours - KeyCorp KEY, KeyBank reports profit loss for second quarter
KeyCorp KEY
Late Wednesday KeyCorp posted its second-quarter loan loss. Corresponding the report of Associated Press the company continues to build up cash reserves to cover bad loans.
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The Cleveland-based holding company of KeyBank National Association, states that the loss attributable to common stock shareholders was $390 million or 68 cents a share in the April-June quarter.
About KEY
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
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