Tuesday, July 17, 2007

KeyCorp net rises 8 percent on fee income growth

(Reuters) - NEW YORK, July 17 - KeyCorp , a large U.S. Midwest bank, on Tuesday said second-quarter profit rose 8 percent as an increase in fee income helped offset rising loan losses and declining lending margins.



Net income for the Cleveland-based company rose to $334 million, or 84 cents per share, from $308 million, or 75 cents, a year earlier.


Read more at Reuters.com Market News

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