Key shuns M&A, lauds buybacks after activist investor callout

Key insight: Key CEO Chris Gorman said Tuesday that the Cleveland-based company has no interest in acquiring another bank.What's at stake: HoldCo's reports calling out banks this year have made waves in the industry. The hedge fund called for Comerica to sell itself just months before that bank inked a deal with Fifth Third Bancorp.Forward look: Key is focused on organic growth and can buy back at least $800 million of shares next year as part of its repurchase program, Gorman said.KeyCorp CEO Chris Gorman ...