KeyCorp (NYSE: KEY) in mid-March announced that its board of directors has authorized a share-repurchase program in which KeyCorp may buy back up to $1 billion worth of its common stock, in the open market or in privately negotiated transactions. KeyCorp — parent company of KeyBank, the No. 2 bank ranked by deposit market share […]
KeyCorp (NYSE: KEY) in mid-March announced that its board of directors has authorized a share-repurchase program in which KeyCorp may buy back up to $1 billion worth of its common stock, in the open market or in privately negotiated transactions.
KeyCorp — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region — says it intends to begin repurchasing shares in the second half of 2025. The timing and price of repurchases, as well as the actual number of shares bought back under the program, will be at the discretion of KeyCorp and will depend on a variety of factors, it said. That includes general market conditions, the stock price, regulatory requirements and limitations, corporate liquidity requirements and priorities, and other factors, KeyCorp explained.
Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of about $187 billion as of the end of 2024. Its roots trace back 200 years to Albany. KeyBank has a network of about 1,000 branches and about 1,200 ATMs in 15 states.
