First Niagara

Morgan Stanley has updated its ratings on two mid-cap banks as it upgraded KeyCorp (NYSE: KEY) to Overweight and downgraded Fifth Third Bancorp (NASDAQ: FITB) to Equal Weight. "We see over 200 bps of ROTCE improvement at KEY through 2018, to an above-peer 13.1 percent. Combined with accelerating...

Various media sources reported on Thursday that KeyCorp (NYSE: KEY) is in advanced talks to acquire First Niagara Financial Group Inc. (NASDAQ: FNFG). Laurie Havener Hunsicker of Compass Point commented in a note on October 23 that First Niagara could be worth approximately $13 per share in a...