Jim Cramer Recommends Buying KeyCorp Because of its CEO and Yield

KeyCorp (NYSE:KEY) is one of the stocks Jim Cramer commented on. During the lightning round, a caller asked for Cramer’s take on the company. He replied, “I look at 4.7% yield with Chris Gorman being the CEO, I just say [buy, buy, buy].”

KeyCorp (NYSE:KEY) provides retail and commercial banking, lending, investment, and wealth management services, in addition to capital markets, equipment financing, and advisory solutions. In a July episode, when a caller inquired whether the company would be acquired soon, Cramer responded:

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