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
€15.16
0.350%
With 21 Buy predictions and not a single Sell prediction KeyCorp is an absolute favorite of our community.
On the other hand, the target price of 15 € is below the current price of 15.16 € for KeyCorp, so the potential is actually -1.08%.
