On Tuesday, Shares of KeyCorp (NYSE:KEY), added 2.27% and closed at $16.63 in the last trading session. KEY stock opened its last trade at $12.54 and after floating in a range of $12.36 to $12.65. The company’s Market capitalization is $13.48 Billion with the total Outstanding Shares of 1.08 Million. During the 52-week trading session the minimum price at which share price traded, registered at $9.88 and reached to max level of $14.01.The Earnings per Share of the company stands at $0.97. KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The companys Key Community Bank segment offers deposit and investment products; personal finance services and loans, counting residential mortgages, home equity, credit cards, and various installment loans for individuals; deposits, investment and credit products, and business advisory services to small businesses; and financial, estate and retirement planning, and asset administration services to high-net-worth clients. This segment also provides commercial lending, cash administration, equipment leasing, investment and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange services to mid-sized businesses. Its Key Corporate Bank segment offers a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, in addition to commercial mortgage loans for middle market clients comprising consumer, energy, healthcare, industrial, public, real estate, and technology sectors. In addition, KeyCorp provides personal, securities lending, and custody services; access to mutual funds; treasury, investment banking, international banking, and investment administration services; public retirement plans, and foundations and endowments plans; and financial services consisting of community development financing, securities underwriting, and brokerage, in addition to merchant services.
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), added 0.74% and closed at $5.47 in the last trading session. ERIC stock opened its last trade at $5.48 and after floating in a range of $5.43 to $5.49. The company’s Market capitalization is $18.24 Billion with the total Outstanding Shares of 3.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $5.35 and reached to max level of $10.56.The Earnings per Share of the company stands at $0.47. Ericsson (ERIC) recently declared it has joined the CBRS Alliance, an organization dedicated to developing, marketing and promoting LTE-based solutions utilizing the shared spectrum of the US 3.5 GHz Citizens Broadband Radio Service (CBRS) band.
Ericsson believes that the shared spectrum approach in the CBRS band could become an effective way to facilitate the growth of wireless data, counting mobile broadband, IoT and fixed applications, now and in the future.
Spectrum sharing expands access to LTE technologies beyond mobile operators into new customer segments and vertical enterprises.
The CBRS Alliance presents an opportunity to refine and generate industry learnings in spectrum sharing and to provide an industry platform for negotiation and innovation in this approach to spectrum allocation. The Alliance will work towards LTE CBRS field trials in the second half of this year and is developing an official certification process towards successful deployments of CBRS infrastructure.