TD Bank Group Announces Intention To Repurchase For Cancellation Up To 30M Of Its Common Shares
Portfolio Pulse from Benzinga Newsdesk
TD Bank Group has announced its intention to repurchase up to 30 million of its common shares for cancellation. This move is aimed at reducing the number of outstanding shares and increasing shareholder value.
May 25, 2023 | 10:34 am
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TD Bank Group's announcement to repurchase up to 30 million common shares for cancellation may lead to an increase in shareholder value.
TD Bank Group's decision to repurchase and cancel up to 30 million common shares will reduce the number of outstanding shares. This action typically leads to an increase in earnings per share and may result in a higher stock price, thus benefiting shareholders.
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