Weekly Recap: $3.0B buyback approval and Truist target cut to $23

KeyCorp (NYSE:KEY) reported stronger 1H26 results—revenue up 8% to $3.917B, NII up 10% to $2.488B and diluted EPS rising 28% to $0.88—while the board authorized up to $3.0B in buybacks (at least $1.3B for 2026; $341M repurchased in 2Q26) even as Truist cut its price target to $23.00 from $24.00.Pre…