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KeyCorp, Ohio’s second-largest bank, is “well- positioned” to repay $2.5 billion in U.S. bailout funds in the second quarter of next year as the bank returns to profitability, Morgan Stanley said.
KeyCorp will make the payment “given sharp improvement in credit trends, ability to grow capital organically, and solid capital position,” analysts Betsy Graseck and Peter Newman wrote in a note.
