Jim Cramer Says He Is a “Big Backer of KeyCorp”

Group 1 - KeyCorp (NYSE:KEY) is recognized for its retail and commercial banking services, including deposits, lending, mortgages, credit cards, and wealth management, as well as capital markets, investment banking, equipment financing, and advisory solutions [3] - The company is based in Cleveland and operates as the parent of KeyBank, with a noted underrated capital markets business [3] - KeyCorp is projected to grow at a rate of 22% next year, trading at just under 11 times next year's earnings [3] Group 2 - Following a recent comment by Jim Cramer, KeyCorp's stock has increased nearly 11% [4] - Cramer recommends holding the stock due to its 4% yield and the leadership of Chris Gorman, suggesting a buy if the stock price falls to $19 [1][4] - The stock is currently priced at $20, down by $1 on the day of the comment [1]