KeyCorp Stock Surges on Scotiabank’s $2.8B Investment

KeyCorp Stock Boosted by Major Scotiabank Investment
KeyCorp, the Cleveland-based bank, recently saw a significant uptick in its stock value following an announcement of a substantial investment from the Bank of Nova Scotia, commonly known as Scotiabank. The investment, valued at approximately $2.8 billion, involves the acquisition of nearly 163 million shares by Scotiabank, marking a major strategic move for both financial institutions.