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Low Costs Help KeyCorp Unit Results

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NU Online News Service, Jan. 16, 2004, 10:44 a.m. EST – Tight control over costs helped pump up profits at the investment management unit of KeyCorp, Cleveland.[@@]

Total revenue rose only 4.3%, to $219 million. But net income jumped 10%, to $33 million, thanks in part to an increase of only 0.6% in expenses other than interest expenses.