KeyCorp climbs after authorizing $1 billion share repurchase program
ReutersMar 14, 2025 2:40 PM
Regional lender KeyCorp's KEY.N shares rise as much as 3.4%; last up 2.4% to $15.52
Company late Thursday announced $1 billion share repurchase program
Bank intends to begin repurchasing shares in the second half of 2025 in the open market or in privately negotiated transactions
Brokerage Stephens says it is encouraged by the buyback announcement, particularly given the recent decline in stock price and general economic concerns
KEY stock down 9.5% YTD
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