KeyCorp posts strong Q2 with 10% net interest income rise and $700M share buybacks boosting shares.

KeyCorp reported strong second-quarter results, with net interest income increasing by 10% and an aggressive share buyback program exceeding $700 million. This performance has made the common shares more attractive for investors seeking dividend and growth opportunities. The bank also announced it would redeem $525M in Series D preferred shares, while other preferred shares offer stable dividends but require cautious allocation due to interest rate risks.