KeyCorp’s Stock Price Soars to $15.94, Marking a Remarkable 9.10% Increase

KeyCorp (KEY)

15.94 USD +1.33 (+9.10%) Volume: 45.88M

KeyCorp’s stock price surges to $15.94, marking a significant trading session increase of +9.10% with a hefty trading volume of 45.88M, further boosting its Year-to-Date growth to +10.69%.

Latest developments on KeyCorp

KeyCorp stock price surged today after Canada’s Scotiabank announced a $2.8 billion deal to acquire a 14.9% stake in the US regional lender. This strategic minority investment is part of Scotiabank’s growth plans and aims to help KeyCorp be more proactive in the market. The deal has sparked investor interest, leading to a significant increase in KeyCorp’s stock value. The partnership is seen as a positive move for both banks, with KeyCorp’s CEO describing it as an exciting development for the company. This investment marks a new chapter for KeyCorp as it looks to revamp its securities portfolio and pursue new opportunities in the financial sector.

A look at KeyCorp Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

KeyCorp, a financial services holding company, has been given a mixed outlook based on the Smartkarma Smart Scores. While the company scores high in the Dividend category with a score of 5, indicating strong dividend potential for investors, it falls short in the Growth and Resilience categories with scores of 2. This suggests that KeyCorp may not be positioned for significant growth in the long term and may face some challenges in terms of resilience.

On the positive side, KeyCorp scores well in the Value category with a score of 4, indicating that the company may be undervalued compared to its peers. Additionally, the Momentum score of 3 suggests that there may be some positive momentum building for the company. Overall, KeyCorp’s Smart Scores paint a picture of a company with strong dividend potential but facing challenges in terms of growth and resilience in the long term.

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