Stop Trading! Less Risk in KeyCorp
International banks looking to get a foothold in America might consider KeyCorp as a takeover candidate, Cramer said during Stop Trading!.
Because the Cleveland-based bank sold off its mortgage unit last winter, it is a less risky play than many of the other financials that are still highly levered to the credit contagion, Cramer said. Keycorp also has a “clean book” and is “very well-run,” according to Cramer, which would make it even more attractive to possible overseas suitors like HSBC and ABN Amro .
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