Tags: bofa | bank | america | share buyback

BofA Raises Share Buyback by Up to $800 Million

Image: BofA Raises Share Buyback by Up to $800 Million
(AP)

Friday, 18 Mar 2016 04:03 AM

Bank of America Corp. said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier.

The No. 2 U.S. bank by assets said the buyback was meant to offset the share count dilution resulting from equity incentive compensation awarded to retirement-eligible employees.

The bank's shares were up 1.34 percent at $13.58 in premarket trading on Friday.

JPMorgan Chase & Co. said on Thursday it would repurchase up to $1.88 billion in common shares through the second quarter.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
Bank of America Corp. said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier.The No. 2 U.S. bank by assets said the buyback was meant to offset the share count dilution resulting from equity...
bofa, bank, america, share buyback
88
2016-03-18
Friday, 18 Mar 2016 04:03 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved