5 Stocks Trading Under $10 To Consider

By Kenn Mangum What does a retail bank, an exchange traded fund, a REIT, a maker of document equipment and a cell phone manufacturer have in common? They are all stocks trading under $10. Let’s look at these 5 stocks to see if they have a place in your portfolio: KeyCorp (KEY): Shares are trading around $8.20 at the time of writing, in the middle of their 52-week trading range of $5.59 to $9.77. At the current market price, the company is capitalized at $7.83 billion. Earnings per share for the last year were $0.98, and it paid a dividend of $0.12, yielding 1.50%. KeyCorp has been on the rise after announcing the purchase of 37 retail branches from HSBC Bank USA N.A. (HBC) in a $110 million deal that will bring an additional $2.4 billion in deposits to the firm. The deal is expected to close by June 30th and is to include the 26 offices First Niagara (FNFG) was ordered to divest under its November 2011 agreement with the U.S. Department of Justice. The deal is also expected to increase employee headcount for KeyCorp by 250 persons. Since hitting a 52 week low on October 3rd KeyCorp has…