Tuesday, April 17, 2007

KeyCorp 1st-qtr profit rises 21 pct, cuts forecast

(Reuters) - NEW YORK, April 17 - KeyCorp , a large U.S. Midwest bank, on Tuesday said first-quarter profit rose 21 percent, helped by a gain from the sale of its McDonald Investments branch network.

The Cleveland-based company also lowered its full-year profit forecast, citing a difficult interest-rate environment.


Read more at Reuters.com Mergers News

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