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KeyCorp reports profit gain from continuing operations

Beacon Journal staff report

CLEVELAND: KeyCorp today reported third-quarter net income from continuing operations of $229 million, or 25 cents a share.

That was up from $193 million, or 21 cents a share, for the second quarter of 2013, and up from $211 million, or 22 cents a share, for the third quarter of 2012.

Key said during the third quarter, it had costs totaling $41 million, or 3 cents a share, related to a pension settlement charge and other corporate moves.

For its nine-month financial period, Key said net income from continuing operations was $618 million, or 67 cents a share.

That was down from $623 million, or 66 cents a share, for the same period a year earlier.

Key said the nine-month charges it took totaled $93 million, or 6 cents a share.



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