Shares of KeyCorp (NYSE:KEY) ended Friday session in red amid volatile trading. The shares closed down -0.03 points or -0.24% at $12.31 with 11.50 million shares getting traded. Post opening the session at $12.30, the shares hit an intraday low of $12.26 and an intraday high of $12.47 and the price vacillated in this range throughout the day. The company has a market cap of $13.43 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
KeyCorp (KEY) on Sept. 22, 2016 announced that it has received regulatory approval from the Office of the Comptroller of the Currency (OCC) for the merger of First Niagara Bank into KeyBank. KeyCorp acquired First Niagara Bank on August 1, 2016 pursuant to its merger with First Niagara Financial Group.
Conversion of First Niagara systems and clients to KeyBank is scheduled to take place over Columbus Day Weekend, October 7-11, 2016. All First Niagara branches will close at 3 p.m. Friday, October 7, with branches reopening as KeyBank branches on Tuesday, October 11.
“As we bring KeyBank and First Niagara together, at every turn we have worked to make this transition as smooth as possible,” said Beth Mooney, KeyCorp CEO and Chair. “I am proud that our two companies have worked so well together to meet our commitments to customers, communities, employees, and shareholders. We look forward to showing our new customers how KeyBank will help them make better, more confident financial decisions.”
Shares of Morgan Stanley (NYSE:MS) ended Friday session in red amid volatile trading. The shares closed down -0.33 points or -1.02% at $31.91 with 9.40 million shares getting traded. Post opening the session at $32.12, the shares hit an intraday low of $31.67 and an intraday high of $32.25 and the price vacillated in this range throughout the day. The company has a market cap of $61.62 billion and the numbers of outstanding shares have been calculated to be 1.91 billion shares.
On September 22, 2016 The Morgan Stanley Foundation announced its renewed commitment to hunger relief through a new $8 million, four-year pledge to Feeding America to support children’s hunger and produce programs. This grant will build on the Firm’s $13 million previous support to Feeding America, the nation’s largest domestic hunger relief charity. Since Morgan Stanley’s partnership with Feeding America launched in 2009, over 11,000 employees have volunteered more than 60,000 hours with Feeding America food banks, and over 50 million meals have been distributed.
“Feeding America and its network of local food banks are key partners in Morgan Stanley’s mission to help ensure every child has the essentials they need for a healthy start in life,” said Joan Steinberg, Global Head of Philanthropy at Morgan Stanley and President of the Morgan Stanley Foundation. “Regular access to nutritious food is a critical component of that mission, and we are proud to support this program both financially and through our employee volunteers.”