By Market News Vidoe Staff, Friday, November 19, 9:20 AM ET
KeyCorp chairman and chief executive officer Henry Meyer III will retire as of May 1, 2011. KeyCorp said Beth Mooney, vice chair of the company and leader of its community banking business, will replace Meyer. In the interim, Mooney will serve as president and chief operating officer, as well as a member of the board. Meyer has worked at the bank for 38 years. When he began at the bank, it had 1.5 billion in assets. It now has $95 billion.
KeyCorp is in the top ten holdings of the iShares Dow Jones U.S. Regional Banks Index Fund (AMEX:IAT), at 2.71% of the portfolio. US Bancorp (NYSE:USB) is the top holding, at 18.78% of the fund, followed by PNC Financial Services (NYSE:PNC), at 11.63%. Rounding out the top five holdings are BB&T (NYSE:BBT), Northern Trust (NASDAQ:NTRS), and SunTrust (NYSE:STI).
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
This Article's Word Cloud:AMEXBancorpFinancialInvestmentKeyCorpMeyerMooneyNYSEPortfolioRegionalSunTrustWhenallowsassetassetsbankbillionbondsbusinesschairchairmanchiefclassescompanycompletecompletelycountriesdesignedexecutivefollowfollowedgrowthholdingsinvestorsleaderleadsofficerperformanceportfolioprogramreplaceretireserveshortstockstermstherevicewillyears
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Analyst Moves: RIG, APC, BSX
Daily Dividend Report: CRI, WM, CHRW, NVDA, CBI
Daily Wrap: May 10, 2013
Daily Wrap: May 9, 2013
Analyst Moves: DISH, MDR, PCLN
Analyst Moves: MU, FRX, AES, CVC