KEY Stock Up 3.5% on Announcement of New Share Buyback Plan

Core Viewpoint - KeyCorp announced a new $1 billion share repurchase program, which is expected to commence in the second half of the year, leading to a 3.5$2.8 billion, which is anticipated to enhance its capital ratios [3]. - KeyCorp's total debt was $19.2 billion as of December 31, 2024, with an equal amount in cash and short-term investments, indicating a strong liquidity position [5]. Group 2: Future Outlook - The balance sheet repositioning actions taken by KeyCorp are expected to drive net interest income and margin expansion in 2025 and 2026, with low single-digit accretive effects on earnings for both years [4]. - Over the past year, KeyCorp's shares have increased by 8.6%, which is lower than the industry's growth of 15.8% [6].