T-Mobile CEO Says Authorizing $19B Share Buyback Program Through End Of 2024
Portfolio Pulse from Happy Mohamed
T-Mobile's CEO has announced a $19 billion share buyback program that will run through the end of 2024. The announcement was made at a Goldman Sachs conference.
September 06, 2023 | 5:28 pm
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POSITIVE IMPACT
T-Mobile's share buyback program of $19 billion through 2024 could potentially increase the company's stock price.
Share buybacks often lead to an increase in the stock price as they reduce the number of shares outstanding, thereby increasing earnings per share. This announcement could make T-Mobile's stock more attractive to investors.
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