Citigroup CFO Mark Mason Says Citigroup Hasn't Made A Decision About Q3 Share Buybacks
Portfolio Pulse from Happy Mohamed
Citigroup's CFO, Mark Mason, has stated that the bank has not yet made a decision regarding share buybacks for Q3. The news was reported by Reuters.

July 14, 2023 | 1:10 pm
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NEUTRAL IMPACT
Citigroup has not yet decided on Q3 share buybacks, which could potentially impact the stock's price.
Share buybacks often lead to a rise in the stock's price as they reduce the number of shares in circulation, increasing earnings per share. However, as Citigroup has not yet made a decision, this creates uncertainty which could potentially impact the stock's price.
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