Seeking Alpha

"You can't shrink yourself to prosperity," says KeyCorp (KEY -1.2%) CEO Beth Mooney on the...

"You can't shrink yourself to prosperity," says KeyCorp (KEY -1.2%) CEO Beth Mooney on the earnings call (transcript). "If we see opportunities in the market to add bankers," says CFO Jeff Weeden, "we will add bankers to grow revenue." Makes sense? Not to the analyst community which was hoping to see a focus on cost-cutting. Instead non-interest expense grew nearly 7% Y/Y (slide presentation).
Comments (1)
  • Well, we will have too see how WFC does down the road. Fire to eventually rehire. HBAN just had a nice loan for 34.8 million, they have had to good buy backs at the 6.36 and at the 6.34 levels. KEY trades below book.
    25 Jan 2013, 08:42 AM Reply Like
DJIA (DIA) S&P 500 (SPY)