Ameriprise Financial Announces Additional $3.5B Share Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
Ameriprise Financial has announced an additional $3.5 billion share repurchase authorization. This move is expected to return more value to shareholders and potentially boost the company's stock price.
July 26, 2023 | 9:31 pm
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POSITIVE IMPACT
Ameriprise Financial's additional $3.5 billion share repurchase authorization could potentially boost the company's stock price in the short term.
Share repurchase programs are typically seen as a positive signal by the market, as they indicate that a company believes its shares are undervalued. This could lead to increased demand for the stock, potentially driving up the price.
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