12 Best Robinhood Stocks to Buy Under $20

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2. KeyCorp  (NYSE:KEY)

Number of Hedge Fund Holders: 41

KeyCorp (NYSE:KEY) is a leading regional bank offering a range of financial services, including retail banking, commercial banking, and investment management. Through its principal subsidiary, KeyBank, the company serves individuals, small businesses, and corporations across the U.S.

KeyCorp (NYSE:KEY) has recently undertaken several strategic initiatives to enhance its operations and community engagement. In December 2024, the company announced a significant partnership with The Bank of Nova Scotia, with Scotiabank investing approximately $2.0 billion to acquire a 14.9% stake in KeyCorp (NYSE:KEY). This collaboration aims to leverage both institutions’ strengths in North America, focusing on payments, wealth management, and investment banking.

In January 2025, KeyCorp (NYSE:KEY)  appointed Mohit Ramani as its new Chief Risk Officer. Ramani brings extensive experience from his previous roles at Truist Financial, Goldman Sachs, and Bank of America. He will lead the company’s risk management team, reporting directly to Chairman and CEO Chris Gorman.

KeyCorp (NYSE:KEY) reported a challenging fourth quarter of 2024, posting a net loss of $279 million. However, adjusted net income was stronger at $378 million, reflecting solid performance in its core businesses. Revenues for the quarter reached $865 million, a 16% increase year-over-year when adjusted for selected items, and net interest income grew by 10% compared to the previous quarter.

Currently, 41 hedge funds in the Insider Monkey Q3 2024 database held positions in the company.

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