KeyCorp Plans $1.3B Buyback, Clearwater to Add $60–70M Revenue
KEY sits 27% above its 52-week low of $16.47.
Summary
KeyCorp disclosed plans for at least $1.3 billion in share buybacks, with the CET1 ratio potentially dipping below 9.5% to fund them. The Clearwater acquisition, completed in August, is expected to contribute $60–70 million in revenue next year and be PPNR-neutral in the second half. Fee-income growth guidance was raised to 4–5%, while expense growth is now seen at approximately 4%. This follows the September 14 8-K that raised FY2026 revenue and noninterest income guidance and introduced long-term profitability targets. The buyback size and Clearwater revenue specifics are new details that sharpen the capital return and acquisition outlook.
At the time of this announcement, KEY was trading at $20.85 on NYSE in the Finance sector, with a market capitalization of approximately $22.2B. The 52-week trading range was $16.47 to $24.07. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.