KeyCorp strengthens portfolio after Scotiabank investment

KeyCorp shares increased by 19% in 2024, following a $2.8 billion investment from Scotiabank. This investment helped KeyCorp reposition its available-for-sale portfolio, including the sale of approximately $10 billion in assets. The recent changes mark a significant shift for KeyCorp, enhancing its financial stability. The bank is now focusing on improving its investment strategies and overall market position. This development comes as part of a broader trend in regional banking, where strategic investments are being made to strengthen portfolios and attract investor interest.