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KeyCorp (KEY) Stock Slides Ahead of Earnings Release

NEW YORK (TheStreet) -- KeyCorp (KEY - Get Report) shares are falling 1.11% to $12.89 on Wednesday ahead of the company's fiscal 2015 third quarter earnings results due out on Thursday before the market open.

Earnings are projected to decline year-over-year while revenue is predicted to increase, according to analysts.

For the latest quarter, analysts are expecting the Cleveland-based bank holding company to earn 27 cents a share on revenue of $1.05 billion.

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In the same period the year before, the company earned 23 cents a share on revenue of $998 million.

Overall, banks have been challenged by the low-interest rate environment since the Federal Reserve decided to delay increasing interest rates in September.

However, banking industry trends so far have shown steady growth in loan balances due to growing demand for commercial and real estate loans, Zacks Equity Research...


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