Citigroup CFO Says Expects To Do Modest Stock Buybacks This Quarter
Portfolio Pulse from Benzinga Newsdesk
Citigroup's CFO has announced that the company expects to conduct modest stock buybacks this quarter.
September 13, 2023 | 3:08 pm
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POSITIVE IMPACT
Citigroup's announcement of expected modest stock buybacks this quarter could potentially boost its stock price.
Stock buybacks often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This announcement could make Citigroup's stock more attractive to investors, potentially leading to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100