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Sep.17
3:15 PM ET
Monday, 17 Sep 2007
Stop Trading! Less Risk in KeyCorp
Posted By:Carlo Dellaverson
Topics:Stock Picks | Stock Market
International banks looking to get a foothold in America might consider KeyCorp [KEY
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] 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 [HBC
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] and ABN Amro [ABN
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].
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