Stocks to Watch ? KeyCorp (NYSE: KEY)
KeyCorp serves a bank holding company and the parent holding company for KeyBank National Association (KeyBank), its principal subsidiary, through which its banking services are provided. The Company provides several retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients through two business segments:
- Key Community Bank
- Key Corporate Bank
Aside from the customary banking services of accepting deposits and making loans, its bank and trust company subsidiaries also provide personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, and international banking services.
KeyCorp also is engaged in the provision of investment management services to clients that include large corporate and public retirement plans, foundations and endowments, high-net-worth individuals and multi-employer trust funds established for providing pension or other benefits to employees.
It also offers a range of other financial services, both within and outside of its primary banking markets and through various nonbank subsidiaries. These are principal investing, community development financing, securities underwriting and brokerage, and merchant services.
Key Community Bank
This bank provides branch-based deposit and investment products, personal finance services and loans, including residential mortgages, home equity and various types of installment loans. Regional Banking provides deposit for investment and credit products as well as business advisory services.
It also offers financial, estate and retirement planning and asset management services to assist with banking, trust, portfolio management, insurance, charitable giving and related needs for high-net-worth clients. Moreover, its commercial Banking provides midsize businesses with products and services that include commercial lending, cash management, equipment leasing, investment and employee benefit programs, succession planning, access to capital markets, derivatives and foreign exchange.
Key Corporate Bank
The Key Corporate Bank is composed of two business units:
- Real Estate Capital
- Corporate Banking Services
Real Estate Capital serves as a national business which offers construction and interim lending, permanent debt placements and servicing, equity and investment banking, and other commercial banking products and services to developers, brokers and owner-investors. It primarily deals with no owner-occupied properties. Meanwhile, its Corporate Banking Services offers cash management, interest rate derivatives, and foreign exchange products and services to clients served by Key Community Bank and Key Corporate Bank.
KeyCorp (NYSE: KEY) 52 week: 5.59 ? 9.50?? ?Mkt cap: 7.61B??? Shares: 953.01M
Tags: KEY, KEY quote, KEY stock, KEY stock quote, KeyCorp, Stocks to watchSource: http://www.buypennystocks.com/penny-stocks-blog/stocks-to-watch-keycorp-key
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