19.96%SPY 79.52 
5.39%XLF 9.68 3.09%
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| FITB | 7.49 |  -0.22 |
| STI | 22.45 | -2.16 |
| RF | 7.95 |  0.29 |
| BBT | 24.71 | 1.65 |
| CMA | 17.13 | 0.38 |
| KEY | 6.27 | -0.64 |
| NCC | 1.6 | 0.01 |
| PNC | 43.69 | -1.08 |
| USB | 22.53 | 0.41 |
Cleveland-based Key lost $1.13 billion, or $2.70 per share, during the second quarter, with $1 billion in losses tied to the tax treatment of its leveraged lease portfolio. Analysts were expecting losses of $2.57 per share.
Key also increased its loan-loss provision to $647 million during the quarter from $53 million during the second quarter last year.
Profit at Regions fell 55 percent to $206.4 million, or 30 cents per share. Excluding the impact of merger-related expenses, Regions earned 39 cents per share, missing analysts' average 42-cent estimate.
The Birmingham, Ala.-based bank set aside $309 million for loan losses, compared with $60 million during the year-ago period. Regions also said it will slash its dividend to 10 cents from 38 cents to help conserve capital.
The Internet giant is opting for 'smaller team-focused parties'
As more Americans rely on charity amid worsening economic gloom, operators of fo...
Betty James, who co-founded the company that made the Slinky and beat the odds as a single mother in the late 1950s to become a successful execut...
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