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KeyBank, part of $KEY, said that it plans to keep mortgage operations in Buffalo, NY, and that it will leverage and expand First Niagara Bank's mortgage capabilities upon completion of $FNFG's merger into $KEY. Decisions on organization structure and leadership appointments will be made at a later date, the company said.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.