Citigroup CEO Says It Has Restarted Modest Buybacks
Portfolio Pulse from Happy Mohamed
Citigroup CEO Jane Fraser announced that the bank has resumed modest stock buybacks, signaling a return to capital return strategies after the pandemic.
June 02, 2023 | 4:03 pm
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Citigroup has resumed modest stock buybacks, indicating a return to capital return strategies after the pandemic.
Citigroup's announcement of resuming stock buybacks indicates a positive outlook for the company's financial health and a return to capital return strategies. This news is likely to be seen as a positive signal by investors, potentially leading to an increase in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100