For 2024 UBS Expects To Repurchase Up To $1B Shares
Portfolio Pulse from Benzinga Newsdesk
UBS plans to repurchase up to $1 billion of its shares in 2024, following the completion of its merger with Credit Suisse AG. This follows a $1.3 billion share buyback in 2023, before the acquisition announcement. UBS aims for future repurchases to exceed pre-acquisition levels.
February 06, 2024 | 6:21 am
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UBS plans a share repurchase of up to $1 billion in 2024 after its merger with Credit Suisse, aiming to exceed pre-acquisition repurchase levels.
Share repurchase programs typically signal a company's confidence in its financial health and future prospects, potentially leading to a positive market reaction. UBS's announcement, especially following a significant merger, could be seen as a strong commitment to returning value to shareholders and a positive outlook on its post-merger financial position.
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