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Embattled Banks JPMorgan and KeyCorp See Big Stock Buys

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Bank stocks are facing headwinds on two fronts: market turmoil and interest-rate cuts that have pressured net interest margins. But JPMorgan Chase (ticker: JPM), the largest U.S. bank by assets, and stalwart regional bank KeyCorp (KEY) recently saw big stock purchases by insiders.

JPMorgan director Steve Burke paid $6.6 million on April 16 for 75,000 shares, a per share average price of $87.99. Burke bought the shares through a trust, according to a form he filed with the Securities and Exchange Commission. It was the biggest...