Keycorp CEO Chris Gorman says clients are optimistic despite tariffs uncertainty

KeyCorp

11/02/2025 13:41

NEW YORK, Feb 11 (Reuters) - Keycorp CEO Chris Gorman
said the bank's clients remain optimistic, despite the
uncertainty created by new import tariffs. 
    "I do think tariffs are inflationary, and create some
uncertainty", Gorman said during a financial services conference
on Tuesday.
    But Gorman added that the tariffs currently in place are
similar to the ones the U.S. has already adopted before and
"lived through". The Keycorp CEO said a survey with clients
showed that many are optimistic and 62% expect to work on
strategic M&A over the next year.

 (Reporting by Manya Saini and Tatiana Bautzer)
 ((tatiana.bautzer@tr.com; Mob: +1-646-2397968; Reuters
Messaging: tatiana.bautzer.thomsonreuters.com@reuters.net))