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KEY - KeyBank Corp

post #1 of 253
Thread Starter 
About KeyCorp

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $98 billion. BusinessWeek magazine recently named Key the top bank on its 2009 'Customer Service Champ' list, ranking Key 11th out of 25 companies known for customer service acumen. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit https://www.key.com/.

chart.ashx?t=key&ta=1&p=d&s=l
post #2 of 253
Quote:
Originally Posted by HyperLite View Post
http://finance.yahoo.com/q?s=KEY

This stock tends to be all over the place.

Any investors in KEY?
That is one scary chart but, could be ready for a bounce up. . .

post #3 of 253
Thread Starter 
Quote:
Originally Posted by Tiptopptrader View Post
That is one scary chart but, could be ready for a bounce up. . .

Yehp.

52wk low is $4.83. Their last reporting really hurt the stock. I think pre $6 is a good buy, but this stock is key a roller coaster. It could hit $3 when the stress test comes in. I'm not sure if they're part of it, but depending on the results it could kill this stock.
post #4 of 253
rofl, are you kidding me?

I hope this is just an electronic error

AH trading at 5.88, which pretty much wipes the entire daily gain of today
post #5 of 253
Quote:
Originally Posted by Norlan View Post
rofl, are you kidding me?

I hope this is just an electronic error

AH trading at 5.88, which pretty much wipes the entire daily gain of today
Nasdaq.com is showing the last after hours buy was 6.96. Low was 5.88 and high was 7.02 so far
post #6 of 253
Quote:
Originally Posted by Gecko123 View Post
Nasdaq.com is showing the last after hours buy was 6.96. Low was 5.88 and high was 7.02 so far
well, okay, it's trading back up. It was down for like 15 min flat an hour and half ago.
post #7 of 253
KeyCorp Agrees With Holders to Swap Convertible Stock (Update1)

By Linda Shen

May 14 (Bloomberg) -- KeyCorp, Ohio’s second-largest bank, will give common stock to institutional investors in exchange for preferred shares after the lender was told by regulators to bolster capital.

The investors agreed to turn over 1.14 million shares of preferred for 13.7 million of common, or about 2.6 percent of KeyCorp’s outstanding stock, the Cleveland-based lender said in a regulatory filing today.

Chief Executive Officer Henry Meyer said in a conference this week he was weighing options to raise $1.8 billion in common equity after the government’s stress test identified the shortfall. KeyCorp was among the 19 largest U.S. banks to undergo the Federal Reserve’s stress test to see whether they would survive a more prolonged, deeper recession.

The bank entered the swap agreements on May 11 and May 13, and the transactions will be completed by May 18, KeyCorp said.

A call to Bill Murschel, a KeyCorp spokesman, wasn’t immediately returned.

To contact the reporter on this story: Linda Shen in New York at lshen21@bloomberg.net
Last Updated: May 14, 2009 08:00 EDT
post #8 of 253
About time for this to pop up tomorrow, bullish day!
post #9 of 253
time to jump back into that channel?
post #10 of 253
Just bought 200 shares of this stock.
post #11 of 253
Thanks for the bump, it will be time to jump in pretty soon.
post #12 of 253
Quote:
Originally Posted by fitch303 View Post
Thanks for the bump, it will be time to jump in pretty soon.
I got in at $5.34, how much lower can this thing go? 52-week low is $4.83. Good buy right now IMO.
post #13 of 253
Quote:
Originally Posted by Cappa View Post
I got in at $5.34, how much lower can this thing go? 52-week low is $4.83. Good buy right now IMO.
LOD = 5.25

still watching, i'm buying if this gets under 5
post #14 of 253
Quote:
Originally Posted by Norlan View Post
LOD = 5.25

still watching, i'm buying if this gets under 5
Yep, it's in the sh*tter right now. All of the financials suck right now. All of my stocks are down, I have no idea what stocks are up.
post #15 of 253
one interesting thing to note about KEY is that it just declared to distribute dividends 2 hours ago and CIT just had exactly the same news yesterday then it popped almost 10% however this isn't happening the same to KEY.

I wonder why, hmmm
post #16 of 253
Thread Starter 
WOW.

It's a hell of a time to buy-in now. I bought in @ $5.90, $5.80, $5.60 and $5.20

When it pops is will be quick. Here's to looking @ $8.00 this or next week.

post #17 of 253
8 would be very nice.
post #18 of 253
excellent buy and hold , iam buying the 2011 calls 10.00 , this thing i think will be high teens by then
post #19 of 253
I LOADED up at 5.15- was at work and had a order set, got home and noticed it took. I'm holding mine LONG TERM- pretty much gonna sit on all my stocks- JMO we may not see these fire sell prices for awhile!!
post #20 of 253
This sucks, tanked below 5 now, trading at 4.93 and heading lower

no position here, but regional banks are really deep in water

i'll have to lower my target price and wait for cheaper
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