KEY shares soar 18.5% in a month. Here, we check out the reasons behind the bullish investor sentiments and analyze the stock's upside potential.
BNS investments 0.8 billion in KEY as part of an agreement announced on Aug. 12. The company now owns almost a 4.9% stake in KEY.
KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed the initial purchase of KeyCorp's common stock with an investment of approximately $0.8 billion as expected. With this investment, Scotiabank now owns approximately 4.9% of KeyCorp's common stock.