Monday, November 13, 2006

Rumors Bank of America (BAC) Could Buy KeyCorp (KEY)

According to reports Friday from Reuters, citing Punk, Ziegel analyst Richard Bove, Bank of America Corp. (NYSE: BAC) may consider making an acquisition in the Midwest, and KeyCorp (NYSE: KEY) is considered a possible target.

According to the report, the analyst said BofA can acquire another $54 billion in deposits before reaching the 10% US bank deposit ceiling.


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