Bank holding and financial holding company. Its subsidiaries provide retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate & institutional clients.
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With QE3 announced, KeyCorp should benefit with the governments purchases of mortgage backed securities. They are re-structuring and cutting costs. Plus, shares trade at a discount to book value. I'm in this as a trade with a target in the mid $11 per share range.