Shares of KeyCorp ( KEY) of Cleveland closed at $7.15 Thursday, declining 6% year-to-date, following a 12% decline during 2011. Based on a five-cent quarterly payout, the shares have a dividend yield of 2.80%.
BlackRock is one of Wells Fargo's largest institutional investors.
The Wells Fargo fake account scandal continues to develop with new lawsuit.
Managers encouraged hispanic employees to round up illegal immigrants in order to convince them to open accounts.
The online payments giant's deals with payment card giants are growing its customer base and spending activity. Deals with banks and tech giants could provide a lift going forward.