Bank of America (BAC) has revealed that it plans to renew its $25 billion share buyback plan, which was announced in April 2021. In the six months period, the banking giant said to have repurchased stocks worth about $14 billion. The current renewed authorization replaces the prior program. The repurchases may be made through open market transactions or privately negotiated deals. (See Bank of America stock charts on TipRanks) The timing and amount of repurchases will depend on the company's capital position, liquidity and financial performance, among others. Also, the program comes with no expiration date.
https://www.tipranks.com/news/bank-of-america-renews-25b-share-buyback-plan?utm_source=advfn.com&utm_medium=referral
Bank of America (NYSE:BAC)
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