KeyCorp (NYSE:KEY) Q4 Profit Edges Up 1.5% as Revenue Growth Supports - MTU, TCB, OFG

Pompano Beach, FL -- (SBWIRE) -- 01/24/2013 -- KeyCorp (NYSE:KEY) Q4 profit inched up 1.5% as the lender registered strong revenue expansion, whereas its net interest margin increased.

KeyCorp announced a profit of $203 million, as compared to $200 million a year before. EPS, reflecting the imbursement of preferred dividends, were 21 cents against 20 cents.

Should KEY a Buy or Sell Now? Find Out Here

The most recent results encompassed $16 million in costs associated to the firm's efficiency initiatives, named Fit for Grow.

The year ago results encompassed a $24 million charge because of Visa Inc’s intended litigation escrow deposit.

Overall revenue increased 9.8% to $1.07 billion, as both net interest income and noninterest income amplified. Analysts surveyed by Thomson Reuters projected a profit of 21 cents per share on $1.06 billion in sales.

KeyCorp (NYSE:KEY) shares so far in this session lost -1.51% to $9.16 with the Stock being traded within the range of $8.99 – $9.33. In the past year, it has not traded below $6.80 and was unable to surpass $9.50. The current session’s volume of 23.08 million shares is up from the average daily trading volume of 14.75 million shares.

Has KEY Found The Bottom and Ready To Move Up? Find Out Here

Turning to some other stocks in the same industry, Mitsubishi UFJ Financial Group Inc, TCF Financial Corporation and Oriental Financial Group Inc. are in the gainers list. Below in this article, we will have a quick look on their Market performance.

So far in the ongoing trade, Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) shares are up +2.10% to $5.34 while the stock has traded within the range of $5.30 – $5.35. In the last 52-week period, shares changed hands between $4.16 and $5.57. The current session’s volume of 778,188 shares is lower than their average daily trading volume of 2.22 million shares.

Will MTU Continue To Move Higher? Find Out Here

TCF Financial Corporation (NYSE:TCB) shares in the current session moved up +0.54% reaching at $13.06. The stock traded in a range of $13.00 – $13.16. In the last year the stock has moved within a range of $9.59 – $13.20. The current session’s volume of 270,970 shares is lower from their average daily trading volume of 1.33 million shares.

Why Should Investors Buy TCB After The Recent Gain? Just Go Here and Find Out

Another rival company, Oriental Financial Group Inc. (NYSE:OFG) is at a premium of +0.55% to $14.60. In today’s trading so far, the stock price was found in a range of $14.54 and $14.64. In the previous 52 weeks the stock’s price ranged between $9.76 and $14.66. The current session’s volume of 150,407 shares was lower from their average daily trading volume of 315,523 shares.

For How Long OFG will Fight for Profitability? Read This Trend Analysis report

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