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KeyCorp (KEY) Stock Gains on Q3 Beat

NEW YORK (TheStreet) -- Shares of KeyCorp (KEY) were climbing 5.31% to $13.80 on heavy trading volume late Monday morning after the company posted fiscal 2016 third-quarter results that exceeded analysts' expectations.

Before today's market open, KeyCorp reported adjusted earnings of 30 cents per share, beating Wall Street's projected 26 cents per share.

Revenue for the quarter was $1.34 billion, which surpassed analysts' estimates of $1.30 billion.

For the same period last year, the Cleveland-based bank...