KeyCorp (KEY) stock pulled higher by SunTrust Banks (STI) and BB&T (BBT) merger

 

Shares of KeyCorp (KEY) stock are up today following news of a merger between BB&T (BBT) and SunTrust Banks (STI), which has propelled banks stocks higher.

KeyCorp stock is higher by 2.4% while the S&P 500 has fallen -1.37% as of 2:26 PM on Thursday, Feb 7. KEY stock has risen $0.40 from the previous closing price of $16.49 on volume of 26,383,863 shares.

Over the past year the S&P 500 has gained 0.47% while KeyCorp has fallen -20.07%. KEY earned $1.71 a share in the most-recent quarter, giving it a price-to-earnings ratio of 9.89.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives KEY stock a score of 41 out of a possible 100. That score is based on three component scores. A fundamental score of 58, a long-term technical score of 16 and a short-term technical score of 49.

Keycorp stock holds an analyst average recommendation of Moderate Buy, with a median target price of $19.78, which is 17.1% higher than the stock’s current trading price.

Get More Analysis and Trade Ideas on KeyCorp (KEY) Stock

Meanwhile, the major indices are lower. The Dow Jones Industrial Average has fallen -1.22% to 25,081.26. The S&P 500 has fallen -1.37% to 2,694.19. The NASDAQ is down -1.57% to 7,259.33.

 

Symbols: BBT KEY STI

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