NEW YORK, Feb 11 (Reuters) - Keycorp CEO Chris Gorman said the bank's clients remain optimistic, despite the uncertainty created by new import tariffs.
"I do think tariffs are inflationary, and create some uncertainty", Gorman said during a financial services conference on Tuesday.
But Gorman added that the tariffs currently in place are similar to the ones the U.S. has already adopted before and "lived through". The Keycorp CEO said a survey with clients showed that many are optimistic and 62% expect to work on strategic M&A over the next year.
(Reporting by Manya Saini and Tatiana Bautzer)
((tatiana.bautzer@tr.com; Mob: +1-646-2397968; Reuters Messaging: tatiana.bautzer.thomsonreuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.