BofA CEO Says Any Reduction In Proposed Capital Rules Will Enable More Buybacks
Portfolio Pulse from Benzinga Newsdesk
Bank of America CEO stated that any reduction in proposed capital rules would enable more stock buybacks.
May 30, 2024 | 3:51 pm
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Bank of America CEO stated that any reduction in proposed capital rules would enable more stock buybacks, potentially increasing shareholder value.
The statement from the CEO suggests that if capital rules are relaxed, Bank of America could increase its stock buybacks. This is generally seen as a positive move for shareholders as it can increase the value of remaining shares.
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