Another spherical of regional banks reported third-quarter earnings, with the outcomes pointing to mounting expense pressures on midsize and smaller gamers. Here are the highlights:
KeyCorp: Profit dropped round 44% from a yr earlier to 29 cents a share. That beat the 27 cents a share that analysts polled by FactSet anticipated. Revenue slid 17% to $1.6 billion, barely above Wall Street forecasts.
Truist: Profit was down 28% from a yr earlier to 80 cents a share, slightly below the 81 cents analysts estimated. Revenue fell 3% to $5.7 billion, topping analyst expectations.
Fifth Third: Profit was up 1% from a yr earlier at 91 cents a share, beating analyst forecasts of 82 cents a share. Revenue was roughly flat at $2.2 billion.