KeyCorp climbs after authorizing $1 billion share repurchase program

KeyCorp

14/03/2025 14:40

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))