Tags: bofa | bank | america | share buyback

BofA Raises Share Buyback by Up to $800 Million

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

Friday, 18 March 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.

© 2020 Thomson/Reuters. All rights reserved.


   
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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
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2016-03-18
Friday, 18 March 2016 04:03 AM
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