KeyCorp – KEY

KeyCorp – KEY

KeyCorp – KEY Jonathan Poland

KeyCorp (KEY) is a financial services company based in Cleveland, Ohio, USA, established in 1849. It is one of the largest regional banks in the United States, The company operates in two main segments, the Consumer Bank and the Commercial Bank, and offers a broad range of financial services and products, including personal finance and financial wellness, investment options, student loan refinancing, mortgage and home equity, credit cards, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals, small and medium-sized businesses.

as of March 13, 2023

KeyCorp has made several strategic acquisitions to expand its business and increase its presence in key markets. For example, in 2016, the company acquired First Niagara Financial Group, which added over 400 branches and $40 billion in assets to KeyCorp’s operations. In 2020, KeyCorp acquired Laurel Road, a digital lending platform that specializes in student loan refinancing and personal loans. The stock was hit hard today, down 27% with a lot of the other banks with high rates of mortgage back securities. I’m not sure it’ll stay down at these levels through the next 9 months, and provides a healthy dividend if it keeps the rate unchanged.

 

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Jonathan Poland (“JP”) is a publisher, not a registered investment advisor, and nothing on this website is intended, and it should not be construed, to be investment advice. Under no circumstances does any information posted on this website represent a recommendation to buy or sell a security. The information on this site is not intended to be, nor does it constitute investment advice or recommendations. In no event shall JP be liable to any visitor or third party for any damages of any kind arising out of the use of any content or other material published or available on this site, or relating to the use of, or inability to use, any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Past performance does not guarantee future results. Read the full legal disclaimer.

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