BofA CFO Says No Change In Capital Strategy In Terms Of Share Buybacks
Portfolio Pulse from Benzinga Newsdesk
Bank of America's CFO announced that there will be no changes in the company's capital strategy regarding share buybacks during a conference call.
October 15, 2024 | 1:27 pm
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Bank of America's CFO stated that there will be no changes in the capital strategy concerning share buybacks, indicating stability in their current financial approach.
The announcement suggests that Bank of America will continue its existing share buyback strategy, which may reassure investors about the company's financial stability. However, since there is no change, the immediate impact on the stock price is likely neutral.
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