Jim Cramer on KeyCorp: “I Don’t Mind Owning the Stock at All”

KeyCorp (NYSE:KEY) is one of the stocks Jim Cramer shared his views on. A caller asked if Cramer thinks that the company will be bought out soon. Here’s what he had to say:

“You know what? That’s an interesting question, but we had Chris Gorman on, and Chris was also on another show recently. I don’t think they’re in any, I think they’re in expansion mode. I don’t think they’re in sell mode, and, but I don’t mind owning the stock at all, especially with that 4.5% yield.”

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KeyCorp (NYSE:KEY) provides retail and commercial banking services, including lending, investment management, and wealth advisory solutions. Moreover, the company offers capital markets, institutional trust, and investment banking services through its KeyBank brand. When a caller asked for advice on the stock in a February episode, Cramer responded:

“Okay, so Jeff Marks and I were kicking things around. I said, we gotta own more banks… and I said, how about Key for the Charitable Trust because of that dividend? You’re onto something. I like your thinking. We had Chris Gorman on. Seems like a terrific guy.”

Since the above comment, the company stock is up around 7% at the time of writing.

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Disclosure: None. This article is originally published at Insider Monkey.