KeyCorp shares surge 18% as Scotiabank invests $2.8 billion: What this means for both banks
KeyCorp (NYSE: KEY) saw its stock price surge approximately 18% today following an announcement that the Bank of Nova Scotia (NYSE: BNS) will invest $2.8 billion for a minority stake in the financial services company. This significant move is set to reshape the landscape for both banks, offering new strategic opportunities. Chris Gorman, KeyCorp’s CEO,