In what could represent a significant switch for stock buyback programs, KeyCorp executives suggested last week that if its stock price rises much higher the bank may slow or halt its share buyback program.

According to analysts who attended a meeting of KeyCorp executives and investors on Sept. 17 in Cleveland, bank executives said other uses of capital might have to be considered if the bank's stock reaches $48. The proposal was "not well received," said Lawrence Vitale, an analyst at Bear, Stearns & Co.

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