Why Shares of Western Alliance, KeyCorp, and Charles Schwab Rose Today
Shares of several bank stocks rose today after selling off last week, largely due to positive sentiment from Wall Street. Shares of Western Alliance Bancorp (NYSE: WAL) rose nearly 12% today, shares of (NYSE: KEY) rose more than 6.5%, and shares of Charles Schwab (NYSE: SCHW) ended the day up more than 4%.
Bank stocks got hit extremely hard last week but there wasn't a lot of new information that came to light. Investors sold $2.1 billion worth of financial stocks in the week ending May 10, according to the data and research firm EPFR. That's the most selling the sector has seen in roughly a year.
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Source Fool.com
KeyCorp Stock
€12.60
0.980%
With 19 Buy predictions and not the single Sell prediction the community is currently very high on KeyCorp.
With a target price of 14 € there is a slightly positive potential of 11.15% for KeyCorp compared to the current price of 12.6 €.
